Dharma Polimetal (Indonesia) Market Value
| DRMA Stock | 1,005 5.00 0.50% |
| Symbol | Dharma |
Dharma Polimetal '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 Dharma Polimetal'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 Dharma Polimetal.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dharma Polimetal on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dharma Polimetal Tbk or generate 0.0% return on investment in Dharma Polimetal over 30 days. Dharma Polimetal is related to or competes with Triputra Agro, Autopedia Sukses, Cisarua Mountain, Surya Esa, and Avia Avian. More
Dharma Polimetal 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 Dharma Polimetal'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 Dharma Polimetal Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.16 | |||
| Value At Risk | (2.25) | |||
| Potential Upside | 2.3 |
Dharma Polimetal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dharma Polimetal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dharma Polimetal's standard deviation. In reality, there are many statistical measures that can use Dharma Polimetal historical prices to predict the future Dharma Polimetal's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | 0.3933 |
Dharma Polimetal Tbk Backtested Returns
Dharma Polimetal Tbk secures Sharpe Ratio (or Efficiency) of -0.0807, which denotes the company had a -0.0807% return per unit of standard deviation over the last 3 months. Dharma Polimetal Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Dharma Polimetal's Standard Deviation of 1.57, coefficient of variation of (1,339), and Mean Deviation of 1.17 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.32, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Dharma Polimetal are expected to decrease at a much lower rate. During the bear market, Dharma Polimetal is likely to outperform the market. At this point, Dharma Polimetal Tbk has a negative expected return of -0.13%. Please make sure to confirm Dharma Polimetal's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Dharma Polimetal Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Dharma Polimetal Tbk has good predictability. Overlapping area represents the amount of predictability between Dharma Polimetal time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Dharma Polimetal Tbk price movement. The serial correlation of 0.76 indicates that around 76.0% of current Dharma Polimetal price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 271.0 |
Dharma Polimetal Tbk lagged returns against current returns
Autocorrelation, which is Dharma Polimetal 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 Dharma Polimetal's stock expected returns. We can calculate the autocorrelation of Dharma Polimetal returns to help us make a trade decision. For example, suppose you find that Dharma Polimetal 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 |
Dharma Polimetal 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 Dharma Polimetal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dharma Polimetal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dharma Polimetal stock over time.
Current vs Lagged Prices |
| Timeline |
Dharma Polimetal Lagged Returns
When evaluating Dharma Polimetal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dharma Polimetal stock have on its future price. Dharma Polimetal 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, Dharma Polimetal autocorrelation shows the relationship between Dharma Polimetal stock current value and its past values and can show if there is a momentum factor associated with investing in Dharma Polimetal Tbk.
Regressed Prices |
| Timeline |
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Dharma Polimetal financial ratios help investors to determine whether Dharma 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 Dharma with respect to the benefits of owning Dharma Polimetal security.