Tower Bersama (Indonesia) Backtesting

Tower Bersama Infrastructure Tb -- Indonesia Stock  

IDR 6,400  25  0.39%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of Tower Bersama Infrastructure Tb and determine expected loss or profit from investing in Tower Bersama over given investment horizon. Also please take a look at Tower Bersama Hype Analysis, Tower Bersama Correlation, Tower Bersama Valuation, Tower Bersama Volatility as well as analyze Tower Bersama Alpha and Beta and Tower Bersama Performance
Investment Horizon     30 Days    Login   to change

Tower Bersama 'What if' Analysis

September 23, 2017
No Change 0.00  0.0%
In 31 days
October 23, 2017
If you would invest  0.00  in Tower Bersama on September 23, 2017 and sell it all today you would earn a total of 0.00 from holding Tower Bersama Infrastructure Tb or generate 0.0% return on investment in Tower Bersama over 30 days. Tower Bersama is related to or competes with Sarana Menara. TOWER BERSAMA is entity of Indonesia. It is traded as Stock on JKT exchange.

Tower Bersama Upside/Downside Indicators


Tower Bersama Market Premium Indicators

Tower Bersama Infras lagged returns against current returns

 Current and Lagged Values 

Tower Bersama regressed lagged prices vs. current prices

 Current vs Lagged Prices 

Tower Bersama Infras Backtested Returns

Macroaxis considers Tower Bersama to be not too risky. Tower Bersama Infras owns Efficiency Ratio (i.e. Sharpe Ratio) of -0.0942 which indicates Tower Bersama Infras had -0.0942% of return per unit of risk over the last 1 month. Macroaxis philosophy towards measuring risk of any stock is to look at both systematic and un-systematic factors of the business, including all available market data and technical indicators. Tower Bersama Infrastructure Tb exposes twenty-one different technical indicators which can help you to evaluate volatility that cannot be diversified away. Please be advised to validate Tower Bersama Coefficient Of Variation of (1,330) and Risk Adjusted Performance of (0.012204) to confirm risk estimate we provide. Macroaxis gives Tower Bersama performance score of 0 on a scale of 0 to 100. The entity has beta of -1.044 which indicates . Even though it is essential to pay attention to Tower Bersama Infras current price movements, it is always good to be careful when utilizing equity historical returns. Macroaxis philosophy towards measuring future performance of any stock is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Tower Bersama Infrastructure Tb exposes twenty-one different technical indicators which can help you to evaluate its performance. Tower Bersama Infras has expected return of -0.1206%. Please be advised to validate Tower Bersama Semi Deviation, Coefficient Of Variation and the relationship between Mean Deviation and Downside Deviation to decide if Tower Bersama Infras past performance will be repeated at some point in the near future.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation(0.04) 

Very weak reverse predictability

Tower Bersama Infrastructure Tb has very weak reverse predictability. Overlapping area represents the amount of predictability between Tower Bersama time series from September 23, 2017 to October 8, 2017 and October 8, 2017 to October 23, 2017. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Tower Bersama Infras price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Tower Bersama price fluctuation can be explain by its past prices. Given that Tower Bersama Infrastructure Tb has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Tower Bersama for similar time interval.
Correlation Coefficient -0.04
Spearman Rank Test 0.25
Price Variance 5578.51
Lagged Price Variance 2727.27

Tower Bersama Lagged Returns

 Regressed Prices 

Tower Bersama Performance vs Jakarta Comp

The median price of Tower Bersama for the period between Sat, Sep 23, 2017 and Mon, Oct 23, 2017 is 6475.0 with a coefficient of variation of 1.49. The daily time series for the period is distributed with a sample standard deviation of 96.57, arithmetic mean of 6485.23, and mean deviation of 72.52. The Stock did not receive any noticable media coverage during the period.
Price Growth (%)