Supreme Cable (Indonesia) Market Value
| SCCO Stock | IDR 2,140 30.00 1.42% |
| Symbol | Supreme |
Supreme Cable '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 Supreme Cable'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 Supreme Cable.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Supreme Cable on February 24, 2024 and sell it all today you would earn a total of 0.00 from holding Supreme Cable Manufacturing or generate 0.0% return on investment in Supreme Cable over 60 days. Supreme Cable is related to or competes with Kawasan Industri, and Lautan Luas. PT Supreme Cable Manufacturing Commerce Tbk manufactures and sells electrical cables, and insulation and melamine produc... More
Supreme Cable 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 Supreme Cable'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 Supreme Cable Manufacturing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.27 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 24.78 | |||
| Value At Risk | (4.39) | |||
| Potential Upside | 5.22 |
Supreme Cable Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Supreme Cable's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Supreme Cable's standard deviation. In reality, there are many statistical measures that can use Supreme Cable historical prices to predict the future Supreme Cable's volatility.| Risk Adjusted Performance | 0.0165 | |||
| Jensen Alpha | 0.0835 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.08) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Supreme Cable'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.
Supreme Cable Manufa Backtested Returns
Supreme Cable Manufa owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0406, which indicates the firm had a -0.0406% return per unit of risk over the last 3 months. Supreme Cable Manufacturing exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Supreme Cable's Semi Deviation of 2.07, risk adjusted performance of 0.0165, and Coefficient Of Variation of 7605.93 to confirm the risk estimate we provide. The entity has a beta of -0.52, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Supreme Cable are expected to decrease at a much lower rate. During the bear market, Supreme Cable is likely to outperform the market. Supreme Cable Manufa has an expected return of -0.14%. Please make sure to validate Supreme Cable total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Supreme Cable Manufa performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.26 |
Poor predictability
Supreme Cable Manufacturing has poor predictability. Overlapping area represents the amount of predictability between Supreme Cable time series from 24th of February 2024 to 25th of March 2024 and 25th of March 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 Supreme Cable Manufa price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Supreme Cable price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 8730.67 |
Supreme Cable Manufa lagged returns against current returns
Autocorrelation, which is Supreme Cable 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 Supreme Cable's stock expected returns. We can calculate the autocorrelation of Supreme Cable returns to help us make a trade decision. For example, suppose you find that Supreme Cable 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 |
Supreme Cable 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 Supreme Cable stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Supreme Cable stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Supreme Cable stock over time.
Current vs Lagged Prices |
| Timeline |
Supreme Cable Lagged Returns
When evaluating Supreme Cable's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Supreme Cable stock have on its future price. Supreme Cable 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, Supreme Cable autocorrelation shows the relationship between Supreme Cable stock current value and its past values and can show if there is a momentum factor associated with investing in Supreme Cable Manufacturing.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Supreme Cable Correlation, Supreme Cable Volatility and Supreme Cable Alpha and Beta module to complement your research on Supreme Cable. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running Supreme Cable's price analysis, check to measure Supreme Cable'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 Supreme Cable is operating at the current time. Most of Supreme Cable's value examination focuses on studying past and present price action to predict the probability of Supreme Cable's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Supreme Cable's price. Additionally, you may evaluate how the addition of Supreme Cable to your portfolios can decrease your overall portfolio volatility.
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Supreme Cable 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.