PT Pelayaran (Indonesia) Market Value
| TAMU Stock | 7.00 0.00 0.00% |
| Symbol | TAMU |
PT Pelayaran '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 Pelayaran'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 Pelayaran.
| 04/04/2024 |
| 05/04/2024 |
If you would invest 0.00 in PT Pelayaran on April 4, 2024 and sell it all today you would earn a total of 0.00 from holding PT Pelayaran Tamarin or generate 0.0% return on investment in PT Pelayaran over 30 days. PT Pelayaran is related to or competes with Astra International, Semen Indonesia, Indofood Sukses, and Unilever Indonesia. More
PT Pelayaran 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 Pelayaran'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 Pelayaran Tamarin upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 12.5 |
PT Pelayaran Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Pelayaran's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Pelayaran's standard deviation. In reality, there are many statistical measures that can use PT Pelayaran historical prices to predict the future PT Pelayaran's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.19) | |||
| Total Risk Alpha | (0.37) | |||
| Treynor Ratio | 1.96 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of PT Pelayaran'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 Pelayaran Tamarin Backtested Returns
PT Pelayaran Tamarin 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 Pelayaran exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Pelayaran's information ratio of (0.17), and Market Risk Adjusted Performance of 1.97 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.1, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PT Pelayaran are expected to decrease at a much lower rate. During the bear market, PT Pelayaran is likely to outperform the market. PT Pelayaran Tamarin has an expected return of -0.24%. Please make sure to check PT Pelayaran Tamarin market risk adjusted performance, coefficient of variation, variance, as well as the relationship between the mean deviation and standard deviation , to decide if PT Pelayaran Tamarin performance from the past will be repeated at some future date.
Auto-correlation | 0.00 |
No correlation between past and present
PT Pelayaran Tamarin has no correlation between past and present. Overlapping area represents the amount of predictability between PT Pelayaran time series from 4th of April 2024 to 19th of April 2024 and 19th of April 2024 to 4th of May 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 Pelayaran Tamarin price movement. The serial correlation of 0.0 indicates that just 0.0% of current PT Pelayaran price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
PT Pelayaran Tamarin lagged returns against current returns
Autocorrelation, which is PT Pelayaran 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 Pelayaran's stock expected returns. We can calculate the autocorrelation of PT Pelayaran returns to help us make a trade decision. For example, suppose you find that PT Pelayaran 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 Pelayaran 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 Pelayaran stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Pelayaran stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Pelayaran stock over time.
Current vs Lagged Prices |
| Timeline |
PT Pelayaran Lagged Returns
When evaluating PT Pelayaran's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Pelayaran stock have on its future price. PT Pelayaran 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 Pelayaran autocorrelation shows the relationship between PT Pelayaran stock current value and its past values and can show if there is a momentum factor associated with investing in PT Pelayaran Tamarin.
Regressed Prices |
| Timeline |
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Check out PT Pelayaran Correlation, PT Pelayaran Volatility and PT Pelayaran Alpha and Beta module to complement your research on PT Pelayaran. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for TAMU Stock analysis
When running PT Pelayaran's price analysis, check to measure PT Pelayaran'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 Pelayaran is operating at the current time. Most of PT Pelayaran's value examination focuses on studying past and present price action to predict the probability of PT Pelayaran'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 Pelayaran's price. Additionally, you may evaluate how the addition of PT Pelayaran to your portfolios can decrease your overall portfolio volatility.
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PT Pelayaran 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.