Energi Mega (Indonesia) Market Value
| ENRG Stock | IDR 242.00 16.00 6.20% |
| Symbol | Energi |
Energi Mega '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 Energi Mega'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 Energi Mega.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Energi Mega on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Energi Mega Persada or generate 0.0% return on investment in Energi Mega over 30 days. Energi Mega is related to or competes with Mitrabahtera Segara, Weha Transportasi, Rig Tenders, and Rukun Raharja. More
Energi Mega 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 Energi Mega'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 Energi Mega Persada upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.82 | |||
| Information Ratio | 0.0448 | |||
| Maximum Drawdown | 27.15 | |||
| Value At Risk | (5.92) | |||
| Potential Upside | 6.8 |
Energi Mega Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energi Mega's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energi Mega's standard deviation. In reality, there are many statistical measures that can use Energi Mega historical prices to predict the future Energi Mega's volatility.| Risk Adjusted Performance | 0.0651 | |||
| Jensen Alpha | 0.3291 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0498 | |||
| Treynor Ratio | (1.50) |
Energi Mega Persada Backtested Returns
Energi Mega appears to be very steady, given 3 months investment horizon. Energi Mega Persada secures Sharpe Ratio (or Efficiency) of 0.0913, which denotes the company had a 0.0913% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Energi Mega Persada, which you can use to evaluate the volatility of the firm. Please utilize Energi Mega's Coefficient Of Variation of 1346.15, mean deviation of 3.0, and Downside Deviation of 3.82 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Energi Mega holds a performance score of 7. The firm shows a Beta (market volatility) of -0.2, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Energi Mega are expected to decrease at a much lower rate. During the bear market, Energi Mega is likely to outperform the market. Please check Energi Mega's coefficient of variation, jensen alpha, and the relationship between the downside deviation and standard deviation , to make a quick decision on whether Energi Mega's price patterns will revert.
Auto-correlation | -0.14 |
Insignificant reverse predictability
Energi Mega Persada has insignificant reverse predictability. Overlapping area represents the amount of predictability between Energi Mega 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 Energi Mega Persada price movement. The serial correlation of -0.14 indicates that less than 14.0% of current Energi Mega price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 53.64 |
Energi Mega Persada lagged returns against current returns
Autocorrelation, which is Energi Mega 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 Energi Mega's stock expected returns. We can calculate the autocorrelation of Energi Mega returns to help us make a trade decision. For example, suppose you find that Energi Mega 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 |
Energi Mega 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 Energi Mega stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energi Mega stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energi Mega stock over time.
Current vs Lagged Prices |
| Timeline |
Energi Mega Lagged Returns
When evaluating Energi Mega's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energi Mega stock have on its future price. Energi Mega 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, Energi Mega autocorrelation shows the relationship between Energi Mega stock current value and its past values and can show if there is a momentum factor associated with investing in Energi Mega Persada.
Regressed Prices |
| Timeline |
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Energi Mega financial ratios help investors to determine whether Energi 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 Energi with respect to the benefits of owning Energi Mega security.