Diamond Food (Indonesia) Market Value
| DMND Stock | IDR 765.00 10.00 1.32% |
| Symbol | Diamond |
Diamond Food '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 Diamond Food'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 Diamond Food.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in Diamond Food on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding Diamond Food Indonesia or generate 0.0% return on investment in Diamond Food over 30 days. Diamond Food is related to or competes with Sentra Food, Garudafood Putra, Wijaya Karya, Mitrabara Adiperdana, Bank Ina, Mitrabahtera Segara, and Putra Mandiri. PT Diamond Food Indonesia Tbk manufactures and distributes consumer goods in Indonesia More
Diamond Food 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 Diamond Food'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 Diamond Food Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 12.92 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 1.32 |
Diamond Food Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Diamond Food's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Diamond Food's standard deviation. In reality, there are many statistical measures that can use Diamond Food historical prices to predict the future Diamond Food's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.30) | |||
| Treynor Ratio | (1.76) |
Diamond Food Indonesia Backtested Returns
Diamond Food Indonesia secures Sharpe Ratio (or Efficiency) of -0.0403, which denotes the company had a -0.0403% return per unit of standard deviation over the last 3 months. Diamond Food Indonesia exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Diamond Food's Coefficient Of Variation of (2,561), mean deviation of 0.6338, and Standard Deviation of 1.47 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0383, which means not very significant fluctuations relative to the market. As returns on the market increase, Diamond Food's returns are expected to increase less than the market. However, during the bear market, the loss of holding Diamond Food is expected to be smaller as well. At this point, Diamond Food Indonesia has a negative expected return of -0.0609%. Please make sure to confirm Diamond Food's market risk adjusted performance, coefficient of variation, information ratio, as well as the relationship between the mean deviation and standard deviation , to decide if Diamond Food Indonesia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.11 |
Insignificant reverse predictability
Diamond Food Indonesia has insignificant reverse predictability. Overlapping area represents the amount of predictability between Diamond Food time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 Diamond Food Indonesia price movement. The serial correlation of -0.11 indicates that less than 11.0% of current Diamond Food price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.11 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 309.0 |
Diamond Food Indonesia lagged returns against current returns
Autocorrelation, which is Diamond Food 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 Diamond Food's stock expected returns. We can calculate the autocorrelation of Diamond Food returns to help us make a trade decision. For example, suppose you find that Diamond Food 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 |
Diamond Food 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 Diamond Food stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Diamond Food stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Diamond Food stock over time.
Current vs Lagged Prices |
| Timeline |
Diamond Food Lagged Returns
When evaluating Diamond Food's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Diamond Food stock have on its future price. Diamond Food 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, Diamond Food autocorrelation shows the relationship between Diamond Food stock current value and its past values and can show if there is a momentum factor associated with investing in Diamond Food Indonesia.
Regressed Prices |
| Timeline |
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Diamond Food financial ratios help investors to determine whether Diamond 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 Diamond with respect to the benefits of owning Diamond Food security.