Rukun Raharja (Indonesia) Market Value
| RAJA Stock | IDR 1,355 20.00 1.45% |
| Symbol | Rukun |
Rukun Raharja '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 Rukun Raharja'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 Rukun Raharja.
| 03/28/2024 |
| 04/27/2024 |
If you would invest 0.00 in Rukun Raharja on March 28, 2024 and sell it all today you would earn a total of 0.00 from holding Rukun Raharja Tbk or generate 0.0% return on investment in Rukun Raharja over 30 days. Rukun Raharja is related to or competes with PT MNC, Tanah Laut, Indorama Synthetics, Fortune Mate, and Rig Tenders. More
Rukun Raharja 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 Rukun Raharja'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 Rukun Raharja Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 18.53 | |||
| Value At Risk | (6.12) | |||
| Potential Upside | 5.02 |
Rukun Raharja Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rukun Raharja's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rukun Raharja's standard deviation. In reality, there are many statistical measures that can use Rukun Raharja historical prices to predict the future Rukun Raharja's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.59) | |||
| Treynor Ratio | (0.14) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Rukun Raharja'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.
Rukun Raharja Tbk Backtested Returns
We consider Rukun Raharja very steady. Rukun Raharja Tbk maintains Sharpe Ratio (i.e., Efficiency) of 0.0483, which implies the firm had a 0.0483% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Rukun Raharja Tbk, which you can use to evaluate the volatility of the company. Please check Rukun Raharja's Variance of 13.56, risk adjusted performance of (0.01), and Coefficient Of Variation of (3,357) to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. Rukun Raharja has a performance score of 3 on a scale of 0 to 100. The company holds a Beta of 0.88, which implies possible diversification benefits within a given portfolio. Rukun Raharja returns are very sensitive to returns on the market. As the market goes up or down, Rukun Raharja is expected to follow. Rukun Raharja Tbk right now holds a risk of 3.31%. Please check Rukun Raharja Tbk treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if Rukun Raharja Tbk will be following its historical price patterns.
Auto-correlation | -0.07 |
Very weak reverse predictability
Rukun Raharja Tbk has very weak reverse predictability. Overlapping area represents the amount of predictability between Rukun Raharja time series from 28th of March 2024 to 12th of April 2024 and 12th of April 2024 to 27th 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 Rukun Raharja Tbk price movement. The serial correlation of -0.07 indicates that barely 7.0% of current Rukun Raharja price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.07 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 756.12 |
Rukun Raharja Tbk lagged returns against current returns
Autocorrelation, which is Rukun Raharja 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 Rukun Raharja's stock expected returns. We can calculate the autocorrelation of Rukun Raharja returns to help us make a trade decision. For example, suppose you find that Rukun Raharja 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 |
Rukun Raharja 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 Rukun Raharja stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rukun Raharja stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rukun Raharja stock over time.
Current vs Lagged Prices |
| Timeline |
Rukun Raharja Lagged Returns
When evaluating Rukun Raharja's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rukun Raharja stock have on its future price. Rukun Raharja 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, Rukun Raharja autocorrelation shows the relationship between Rukun Raharja stock current value and its past values and can show if there is a momentum factor associated with investing in Rukun Raharja Tbk.
Regressed Prices |
| Timeline |
Currently Active Assets on Macroaxis
Check out Rukun Raharja Correlation, Rukun Raharja Volatility and Rukun Raharja Alpha and Beta module to complement your research on Rukun Raharja. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Rukun Stock analysis
When running Rukun Raharja's price analysis, check to measure Rukun Raharja'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 Rukun Raharja is operating at the current time. Most of Rukun Raharja's value examination focuses on studying past and present price action to predict the probability of Rukun Raharja's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rukun Raharja's price. Additionally, you may evaluate how the addition of Rukun Raharja to your portfolios can decrease your overall portfolio volatility.
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Rukun Raharja 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.