Bundamedik Tbk (Indonesia) Market Value
| BMHS Stock | 268.00 2.00 0.74% |
| Symbol | Bundamedik |
Bundamedik Tbk '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 Bundamedik Tbk'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 Bundamedik Tbk.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Bundamedik Tbk on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Bundamedik Tbk PT or generate 0.0% return on investment in Bundamedik Tbk over 180 days. Bundamedik Tbk is related to or competes with Medikaloka Hermina, Sarana Meditama, Mitra Keluarga, and Bhakti Multi. More
Bundamedik Tbk 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 Bundamedik Tbk'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 Bundamedik Tbk PT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 10.93 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 2.21 |
Bundamedik Tbk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bundamedik Tbk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bundamedik Tbk's standard deviation. In reality, there are many statistical measures that can use Bundamedik Tbk historical prices to predict the future Bundamedik Tbk's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.47) | |||
| Treynor Ratio | 1.61 |
Bundamedik Tbk PT Backtested Returns
Bundamedik Tbk PT secures Sharpe Ratio (or Efficiency) of -0.0709, which signifies that the company had a -0.0709% return per unit of risk over the last 3 months. Bundamedik Tbk PT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bundamedik Tbk's Risk Adjusted Performance of (0.05), mean deviation of 1.3, and Standard Deviation of 1.9 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.095, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bundamedik Tbk are expected to decrease at a much lower rate. During the bear market, Bundamedik Tbk is likely to outperform the market. At this point, Bundamedik Tbk PT has a negative expected return of -0.14%. Please make sure to confirm Bundamedik Tbk's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Bundamedik Tbk PT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.04 |
Virtually no predictability
Bundamedik Tbk PT has virtually no predictability. Overlapping area represents the amount of predictability between Bundamedik Tbk time series from 3rd of June 2024 to 1st of September 2024 and 1st of September 2024 to 30th of November 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 Bundamedik Tbk PT price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Bundamedik Tbk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 87.23 |
Bundamedik Tbk PT lagged returns against current returns
Autocorrelation, which is Bundamedik Tbk 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 Bundamedik Tbk's stock expected returns. We can calculate the autocorrelation of Bundamedik Tbk returns to help us make a trade decision. For example, suppose you find that Bundamedik Tbk 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 |
Bundamedik Tbk 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 Bundamedik Tbk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bundamedik Tbk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bundamedik Tbk stock over time.
Current vs Lagged Prices |
| Timeline |
Bundamedik Tbk Lagged Returns
When evaluating Bundamedik Tbk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bundamedik Tbk stock have on its future price. Bundamedik Tbk 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, Bundamedik Tbk autocorrelation shows the relationship between Bundamedik Tbk stock current value and its past values and can show if there is a momentum factor associated with investing in Bundamedik Tbk PT.
Regressed Prices |
| Timeline |
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Bundamedik Tbk financial ratios help investors to determine whether Bundamedik 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 Bundamedik with respect to the benefits of owning Bundamedik Tbk security.