Bintang Mitra (Indonesia) Market Value
| BMSR Stock | IDR 316.00 2.00 0.63% |
| Symbol | Bintang |
Bintang Mitra '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 Bintang Mitra'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 Bintang Mitra.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Bintang Mitra on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Bintang Mitra Semestaraya or generate 0.0% return on investment in Bintang Mitra over 30 days. Bintang Mitra is related to or competes with Intanwijaya Internasional, Champion Pacific, Mitra Pinasthika, Jakarta Int, Asuransi Harta, Indosterling Technomedia, and Indosat Tbk. PT Bintang Mitra Semestaraya Tbk engages in the trading of chemicals and rice in Indonesia More
Bintang Mitra 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 Bintang Mitra'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 Bintang Mitra Semestaraya upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 9.73 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 2.48 |
Bintang Mitra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bintang Mitra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bintang Mitra's standard deviation. In reality, there are many statistical measures that can use Bintang Mitra historical prices to predict the future Bintang Mitra's volatility.| Risk Adjusted Performance | 0.0018 | |||
| Jensen Alpha | (0.01) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | 0.4105 |
Bintang Mitra Semestaraya Backtested Returns
Bintang Mitra Semestaraya secures Sharpe Ratio (or Efficiency) of -0.0614, which signifies that the company had a -0.0614% return per unit of risk over the last 3 months. Bintang Mitra Semestaraya exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bintang Mitra's Standard Deviation of 1.57, risk adjusted performance of 0.0018, and Mean Deviation of 1.11 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.0412, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Bintang Mitra are expected to decrease at a much lower rate. During the bear market, Bintang Mitra is likely to outperform the market. At this point, Bintang Mitra Semestaraya has a negative expected return of -0.0874%. Please make sure to confirm Bintang Mitra's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Bintang Mitra Semestaraya performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.80 |
Very good predictability
Bintang Mitra Semestaraya has very good predictability. Overlapping area represents the amount of predictability between Bintang Mitra time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Bintang Mitra Semestaraya price movement. The serial correlation of 0.8 indicates that around 80.0% of current Bintang Mitra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.66 | |
| Residual Average | 0.0 | |
| Price Variance | 27.17 |
Bintang Mitra Semestaraya lagged returns against current returns
Autocorrelation, which is Bintang Mitra 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 Bintang Mitra's stock expected returns. We can calculate the autocorrelation of Bintang Mitra returns to help us make a trade decision. For example, suppose you find that Bintang Mitra 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 |
Bintang Mitra 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 Bintang Mitra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bintang Mitra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bintang Mitra stock over time.
Current vs Lagged Prices |
| Timeline |
Bintang Mitra Lagged Returns
When evaluating Bintang Mitra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bintang Mitra stock have on its future price. Bintang Mitra 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, Bintang Mitra autocorrelation shows the relationship between Bintang Mitra stock current value and its past values and can show if there is a momentum factor associated with investing in Bintang Mitra Semestaraya.
Regressed Prices |
| Timeline |
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Bintang Mitra financial ratios help investors to determine whether Bintang 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 Bintang with respect to the benefits of owning Bintang Mitra security.