Multipolar Technology (Indonesia) Market Value
| MLPT Stock | IDR 1,510 15.00 0.98% |
| Symbol | Multipolar |
Multipolar Technology '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 Multipolar Technology'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 Multipolar Technology.
| 03/29/2024 |
| 04/28/2024 |
If you would invest 0.00 in Multipolar Technology on March 29, 2024 and sell it all today you would earn a total of 0.00 from holding Multipolar Technology Tbk or generate 0.0% return on investment in Multipolar Technology over 30 days. Multipolar Technology is related to or competes with Multipolar Tbk, Astra Graphia, Matahari Putra, Ramayana Lestari, and Lautan Luas. More
Multipolar Technology 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 Multipolar Technology'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 Multipolar Technology Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 29.31 | |||
| Value At Risk | (4.72) | |||
| Potential Upside | 3.57 |
Multipolar Technology Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multipolar Technology's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multipolar Technology's standard deviation. In reality, there are many statistical measures that can use Multipolar Technology historical prices to predict the future Multipolar Technology's volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 0.1335 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Multipolar Technology'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.
Multipolar Technology Tbk Backtested Returns
Multipolar Technology Tbk has Sharpe Ratio of -0.12, which conveys that the firm had a -0.12% return per unit of risk over the last 3 months. Multipolar Technology exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Multipolar Technology's Risk Adjusted Performance of (0.0005), standard deviation of 3.3, and Mean Deviation of 1.73 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.42, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Multipolar Technology are expected to decrease at a much lower rate. During the bear market, Multipolar Technology is likely to outperform the market. Multipolar Technology Tbk has an expected return of -0.31%. Please make sure to verify Multipolar Technology Tbk total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Multipolar Technology Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.66 |
Very good reverse predictability
Multipolar Technology Tbk has very good reverse predictability. Overlapping area represents the amount of predictability between Multipolar Technology time series from 29th of March 2024 to 13th of April 2024 and 13th of April 2024 to 28th 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 Multipolar Technology Tbk price movement. The serial correlation of -0.66 indicates that around 66.0% of current Multipolar Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.66 | |
| Spearman Rank Test | -0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 438.89 |
Multipolar Technology Tbk lagged returns against current returns
Autocorrelation, which is Multipolar Technology 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 Multipolar Technology's stock expected returns. We can calculate the autocorrelation of Multipolar Technology returns to help us make a trade decision. For example, suppose you find that Multipolar Technology 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 |
Multipolar Technology 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 Multipolar Technology stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multipolar Technology stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multipolar Technology stock over time.
Current vs Lagged Prices |
| Timeline |
Multipolar Technology Lagged Returns
When evaluating Multipolar Technology's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multipolar Technology stock have on its future price. Multipolar Technology 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, Multipolar Technology autocorrelation shows the relationship between Multipolar Technology stock current value and its past values and can show if there is a momentum factor associated with investing in Multipolar Technology Tbk.
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 Multipolar Technology 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, Multipolar Technology's short interest history, or implied volatility extrapolated from Multipolar Technology options trading.
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Complementary Tools for Multipolar Stock analysis
When running Multipolar Technology's price analysis, check to measure Multipolar Technology'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 Multipolar Technology is operating at the current time. Most of Multipolar Technology's value examination focuses on studying past and present price action to predict the probability of Multipolar Technology's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Multipolar Technology's price. Additionally, you may evaluate how the addition of Multipolar Technology to your portfolios can decrease your overall portfolio volatility.
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Multipolar Technology 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.