PT Sarana (Indonesia) Market Value
| TOWR Stock | IDR 800.00 20.00 2.56% |
| Symbol | TOWR |
PT Sarana 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to PT Sarana's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of PT Sarana.
| 03/25/2024 |
| 04/24/2024 |
If you would invest 0.00 in PT Sarana on March 25, 2024 and sell it all today you would earn a total of 0.00 from holding PT Sarana Menara or generate 0.0% return on investment in PT Sarana over 30 days. PT Sarana is related to or competes with Tower Bersama, Merdeka Copper, XL Axiata, Japfa Comfeed, and Indofood Cbp. More
PT Sarana Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure PT Sarana's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess PT Sarana Menara upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 10.39 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 2.25 |
PT Sarana Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Sarana's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Sarana's standard deviation. In reality, there are many statistical measures that can use PT Sarana historical prices to predict the future PT Sarana's volatility.| Risk Adjusted Performance | (0.12) | |||
| Jensen Alpha | (0.40) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | (2.17) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PT Sarana's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
PT Sarana Menara Backtested Returns
PT Sarana Menara retains Efficiency (Sharpe Ratio) of -0.14, which implies the firm had a -0.14% return per unit of price deviation over the last 3 months. PT Sarana exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Sarana's market risk adjusted performance of (2.16), and Information Ratio of (0.26) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.18, which implies not very significant fluctuations relative to the market. As returns on the market increase, PT Sarana's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT Sarana is expected to be smaller as well. PT Sarana Menara has an expected return of -0.25%. Please make sure to check PT Sarana Menara market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if PT Sarana Menara performance from the past will be repeated at some future date.
Auto-correlation | 0.60 |
Good predictability
PT Sarana Menara has good predictability. Overlapping area represents the amount of predictability between PT Sarana time series from 25th of March 2024 to 9th of April 2024 and 9th of April 2024 to 24th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of PT Sarana Menara price movement. The serial correlation of 0.6 indicates that roughly 60.0% of current PT Sarana price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.6 | |
| Spearman Rank Test | 0.6 | |
| Residual Average | 0.0 | |
| Price Variance | 108.33 |
PT Sarana Menara lagged returns against current returns
Autocorrelation, which is PT Sarana stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting PT Sarana's stock expected returns. We can calculate the autocorrelation of PT Sarana returns to help us make a trade decision. For example, suppose you find that PT Sarana has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
PT Sarana regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If PT Sarana stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Sarana stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Sarana stock over time.
Current vs Lagged Prices |
| Timeline |
PT Sarana Lagged Returns
When evaluating PT Sarana's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Sarana stock have on its future price. PT Sarana autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, PT Sarana autocorrelation shows the relationship between PT Sarana stock current value and its past values and can show if there is a momentum factor associated with investing in PT Sarana Menara.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards PT Sarana in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, PT Sarana's short interest history, or implied volatility extrapolated from PT Sarana options trading.
Currently Active Assets on Macroaxis
Check out PT Sarana Correlation, PT Sarana Volatility and PT Sarana Alpha and Beta module to complement your research on PT Sarana. You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Complementary Tools for TOWR Stock analysis
When running PT Sarana's price analysis, check to measure PT Sarana's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PT Sarana is operating at the current time. Most of PT Sarana's value examination focuses on studying past and present price action to predict the probability of PT Sarana's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PT Sarana's price. Additionally, you may evaluate how the addition of PT Sarana to your portfolios can decrease your overall portfolio volatility.
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PT Sarana technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.