Tirta Mahakam (Indonesia) Price on December 4, 2024
| TIRT Stock | IDR 44.00 4.00 10.00% |
If you're considering investing in Tirta Stock, it is important to understand the factors that can impact its price. As of today, the current price of Tirta Mahakam stands at 44.00, as last reported on the 6th of December, with the highest price reaching 44.00 and the lowest price hitting 44.00 during the day. Tirta Mahakam Resources owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0823, which indicates the firm had a -0.0823% return per unit of risk over the last 3 months. Tirta Mahakam Resources exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tirta Mahakam's Risk Adjusted Performance of (0.08), coefficient of variation of (846.84), and Variance of 49.99 to confirm the risk estimate we provide.
Tirta Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Tirta |
Sharpe Ratio = -0.0823
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Estimated Market Risk
| 6.83 actual daily | 60 60% of assets are less volatile |
Expected Return
| -0.56 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Tirta Mahakam is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Tirta Mahakam by adding Tirta Mahakam to a well-diversified portfolio.
Tirta Mahakam Valuation on December 4, 2024
It is possible to determine the worth of Tirta Mahakam on a given historical date. On December 4, 2024 Tirta was worth 37.0 at the beginning of the trading date compared to the closed value of 37.0. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Tirta Mahakam stock. Still, in general, we apply an absolute valuation method to find Tirta Mahakam's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Tirta Mahakam where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Tirta Mahakam's related companies.
| Open | High | Low | Close | Volume | |
| 31.00 | 34.00 | 31.00 | 34.00 | 36,200 | |
12/04/2024 | 37.00 | 37.00 | 37.00 | 37.00 | 36,100 |
| 40.00 | 40.00 | 40.00 | 40.00 | 108,900 |
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Tirta Mahakam Trading Date Momentum on December 4, 2024
| On December 05 2024 Tirta Mahakam Resources was traded for 40.00 at the closing time. The highest price during the trading period was 40.00 and the lowest recorded bid was listed for 40.00 . The volume for the day was 108.9 K. This history from December 5, 2024 contributed to the next trading day price upswing. The trading price change to the next closing price was 8.11% . The trading price change to the current price is 18.92% . |
Tirta Mahakam Resources Fundamentals Correlations and Trends
By evaluating Tirta Mahakam's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Tirta Mahakam's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Tirta financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Tirta Mahakam Stock history
Tirta Mahakam investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Tirta is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Tirta Mahakam Resources will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Tirta Mahakam stock prices may prove useful in developing a viable investing in Tirta Mahakam
Tirta Mahakam Stock Technical Analysis
Tirta Mahakam 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.
Price Boundaries
Tirta Mahakam Period Price Range
Low | December 6, 2024
| High |
0.00 | 0.00 |
Tirta Mahakam Resources cannot be verified against its exchange. Please verify the symbol is currently traded on Jakarta Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Tirta Mahakam December 6, 2024 Market Strength
Market strength indicators help investors to evaluate how Tirta Mahakam stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Tirta Mahakam shares will generate the highest return on investment. By undertsting and applying Tirta Mahakam stock market strength indicators, traders can identify Tirta Mahakam Resources entry and exit signals to maximize returns
Tirta Mahakam Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Tirta Mahakam's price direction in advance. Along with the technical and fundamental analysis of Tirta Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Tirta to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.70) | |||
| Total Risk Alpha | (2.05) | |||
| Treynor Ratio | 0.7353 |
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Other Information on Investing in Tirta Stock
Tirta Mahakam financial ratios help investors to determine whether Tirta 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 Tirta with respect to the benefits of owning Tirta Mahakam security.