Elang Mahkota (Indonesia) Market Value
| EMTK Stock | IDR 520.00 10.00 1.89% |
| Symbol | Elang |
Elang Mahkota '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 Elang Mahkota'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 Elang Mahkota.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Elang Mahkota on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Elang Mahkota Teknologi or generate 0.0% return on investment in Elang Mahkota over 90 days. Elang Mahkota is related to or competes with Bank Artos, PT Bukalapak, Sumber Alfaria, Merdeka Copper, and PT Sarana. More
Elang Mahkota 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 Elang Mahkota'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 Elang Mahkota Teknologi upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.0008) | |||
| Maximum Drawdown | 21.28 | |||
| Value At Risk | (5.63) | |||
| Potential Upside | 6.48 |
Elang Mahkota Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Elang Mahkota's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Elang Mahkota's standard deviation. In reality, there are many statistical measures that can use Elang Mahkota historical prices to predict the future Elang Mahkota's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | 0.3499 | |||
| Treynor Ratio | (0.14) |
Elang Mahkota Teknologi Backtested Returns
Elang Mahkota Teknologi secures Sharpe Ratio (or Efficiency) of -0.0277, which denotes the company had a -0.0277 % return per unit of standard deviation over the last 3 months. Elang Mahkota Teknologi exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Elang Mahkota's Mean Deviation of 2.75, coefficient of variation of (3,614), and Standard Deviation of 3.69 to check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.79, which means possible diversification benefits within a given portfolio. As returns on the market increase, Elang Mahkota's returns are expected to increase less than the market. However, during the bear market, the loss of holding Elang Mahkota is expected to be smaller as well. At this point, Elang Mahkota Teknologi has a negative expected return of -0.1%. Please make sure to confirm Elang Mahkota's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Elang Mahkota Teknologi performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.5 |
Modest reverse predictability
Elang Mahkota Teknologi has modest reverse predictability. Overlapping area represents the amount of predictability between Elang Mahkota time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Elang Mahkota Teknologi price movement. The serial correlation of -0.5 indicates that about 50.0% of current Elang Mahkota price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.5 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 1109.88 |
Elang Mahkota Teknologi lagged returns against current returns
Autocorrelation, which is Elang Mahkota 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 Elang Mahkota's stock expected returns. We can calculate the autocorrelation of Elang Mahkota returns to help us make a trade decision. For example, suppose you find that Elang Mahkota 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 |
Elang Mahkota 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 Elang Mahkota stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Elang Mahkota stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Elang Mahkota stock over time.
Current vs Lagged Prices |
| Timeline |
Elang Mahkota Lagged Returns
When evaluating Elang Mahkota's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Elang Mahkota stock have on its future price. Elang Mahkota 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, Elang Mahkota autocorrelation shows the relationship between Elang Mahkota stock current value and its past values and can show if there is a momentum factor associated with investing in Elang Mahkota Teknologi.
Regressed Prices |
| Timeline |
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Elang Mahkota financial ratios help investors to determine whether Elang 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 Elang with respect to the benefits of owning Elang Mahkota security.