Cemindo Gemilang (Indonesia) Market Value
| CMNT Stock | 965.00 5.00 0.52% |
| Symbol | Cemindo |
Cemindo Gemilang '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 Cemindo Gemilang'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 Cemindo Gemilang.
| 06/03/2024 |
| 11/30/2024 |
If you would invest 0.00 in Cemindo Gemilang on June 3, 2024 and sell it all today you would earn a total of 0.00 from holding Cemindo Gemilang Tbk or generate 0.0% return on investment in Cemindo Gemilang over 180 days. Cemindo Gemilang is related to or competes with Berkah Beton, Archi Indonesia, Avia Avian, Capital Financial, and Medikaloka Hermina. More
Cemindo Gemilang 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 Cemindo Gemilang'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 Cemindo Gemilang Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 12.24 | |||
| Value At Risk | (3.45) | |||
| Potential Upside | 2.01 |
Cemindo Gemilang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cemindo Gemilang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cemindo Gemilang's standard deviation. In reality, there are many statistical measures that can use Cemindo Gemilang historical prices to predict the future Cemindo Gemilang's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.2298 |
Cemindo Gemilang Tbk Backtested Returns
Cemindo Gemilang Tbk secures Sharpe Ratio (or Efficiency) of -0.0342, which signifies that the company had a -0.0342% return per unit of risk over the last 3 months. Cemindo Gemilang Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Cemindo Gemilang's Standard Deviation of 1.95, mean deviation of 1.31, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.33, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Cemindo Gemilang are expected to decrease at a much lower rate. During the bear market, Cemindo Gemilang is likely to outperform the market. At this point, Cemindo Gemilang Tbk has a negative expected return of -0.0676%. Please make sure to confirm Cemindo Gemilang's jensen alpha, treynor ratio, value at risk, as well as the relationship between the total risk alpha and maximum drawdown , to decide if Cemindo Gemilang Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Cemindo Gemilang Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between Cemindo Gemilang 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 Cemindo Gemilang Tbk price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Cemindo Gemilang price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 1368.92 |
Cemindo Gemilang Tbk lagged returns against current returns
Autocorrelation, which is Cemindo Gemilang 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 Cemindo Gemilang's stock expected returns. We can calculate the autocorrelation of Cemindo Gemilang returns to help us make a trade decision. For example, suppose you find that Cemindo Gemilang 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 |
Cemindo Gemilang 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 Cemindo Gemilang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cemindo Gemilang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cemindo Gemilang stock over time.
Current vs Lagged Prices |
| Timeline |
Cemindo Gemilang Lagged Returns
When evaluating Cemindo Gemilang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cemindo Gemilang stock have on its future price. Cemindo Gemilang 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, Cemindo Gemilang autocorrelation shows the relationship between Cemindo Gemilang stock current value and its past values and can show if there is a momentum factor associated with investing in Cemindo Gemilang Tbk.
Regressed Prices |
| Timeline |
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Cemindo Gemilang financial ratios help investors to determine whether Cemindo 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 Cemindo with respect to the benefits of owning Cemindo Gemilang security.