Multipolar Technology (Indonesia) Market Value
| MLPT Stock | IDR 1,260 10.00 0.80% |
| 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.
| 03/17/2024 |
| 06/15/2024 |
If you would invest 0.00 in Multipolar Technology on March 17, 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 90 days. Multipolar Technology is related to or competes with Austindo Nusantara, Jakarta Int, Indosat Tbk, Gajah Tunggal, Darma Henwa, Inocycle Technology, and J Resources. 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 | (0.09) | |||
| Maximum Drawdown | 11.91 | |||
| Value At Risk | (5.41) | |||
| Potential Upside | 3.18 |
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 | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.17) | |||
| Treynor Ratio | (26.10) |
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 -0.0823, which conveys that the firm had a -0.0823% return per unit of risk over the last 3 months. Multipolar Technology exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Multipolar Technology's Mean Deviation of 1.52, standard deviation of 2.24, and Risk Adjusted Performance of (0.05) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.0084, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Multipolar Technology's returns are expected to increase less than the market. However, during the bear market, the loss of holding Multipolar Technology is expected to be smaller as well. At this point, Multipolar Technology Tbk has a negative expected return of -0.2%. Please make sure to verify Multipolar Technology's maximum drawdown, potential upside, and 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 | -0.31 |
Poor reverse predictability
Multipolar Technology Tbk has poor reverse predictability. Overlapping area represents the amount of predictability between Multipolar Technology time series from 17th of March 2024 to 1st of May 2024 and 1st of May 2024 to 15th of June 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 -0.31 indicates that nearly 31.0% of current Multipolar Technology price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.31 | |
| Spearman Rank Test | -0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 7797.4 |
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 |
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Other Information on Investing in Multipolar Stock
Multipolar Technology financial ratios help investors to determine whether Multipolar Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Multipolar with respect to the benefits of owning Multipolar Technology security.