PT Jobubu (Indonesia) Market Value
| BEER Stock | 168.00 9.00 5.08% |
| Symbol | BEER |
PT Jobubu '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 Jobubu'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 Jobubu.
| 05/06/2024 |
| 12/02/2024 |
If you would invest 0.00 in PT Jobubu on May 6, 2024 and sell it all today you would earn a total of 0.00 from holding PT Jobubu Jarum or generate 0.0% return on investment in PT Jobubu over 210 days. PT Jobubu is related to or competes with PT Dewi, PT Data, and PAM Mineral. More
PT Jobubu 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 Jobubu'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 Jobubu Jarum upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 31.28 | |||
| Value At Risk | (2.51) | |||
| Potential Upside | 2.86 |
PT Jobubu Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Jobubu's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Jobubu's standard deviation. In reality, there are many statistical measures that can use PT Jobubu historical prices to predict the future PT Jobubu's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.89) | |||
| Treynor Ratio | 14.42 |
PT Jobubu Jarum Backtested Returns
PT Jobubu Jarum retains Efficiency (Sharpe Ratio) of -0.15, which implies the firm had a -0.15% return per unit of price deviation over the last 3 months. PT Jobubu exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Jobubu's information ratio of (0.16), and Market Risk Adjusted Performance of 14.43 to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of -0.0254, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PT Jobubu are expected to decrease at a much lower rate. During the bear market, PT Jobubu is likely to outperform the market. At this point, PT Jobubu Jarum has a negative expected return of -0.23%. Please make sure to check PT Jobubu's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if PT Jobubu Jarum performance from the past will be repeated at some future date.
Auto-correlation | 0.71 |
Good predictability
PT Jobubu Jarum has good predictability. Overlapping area represents the amount of predictability between PT Jobubu time series from 6th of May 2024 to 19th of August 2024 and 19th of August 2024 to 2nd of December 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 Jobubu Jarum price movement. The serial correlation of 0.71 indicates that around 71.0% of current PT Jobubu price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.71 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 177.58 |
PT Jobubu Jarum lagged returns against current returns
Autocorrelation, which is PT Jobubu 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 Jobubu's stock expected returns. We can calculate the autocorrelation of PT Jobubu returns to help us make a trade decision. For example, suppose you find that PT Jobubu 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 Jobubu 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 Jobubu stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Jobubu stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Jobubu stock over time.
Current vs Lagged Prices |
| Timeline |
PT Jobubu Lagged Returns
When evaluating PT Jobubu's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Jobubu stock have on its future price. PT Jobubu 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 Jobubu autocorrelation shows the relationship between PT Jobubu stock current value and its past values and can show if there is a momentum factor associated with investing in PT Jobubu Jarum.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in BEER Stock
PT Jobubu financial ratios help investors to determine whether BEER 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 BEER with respect to the benefits of owning PT Jobubu security.