Fortune Mate (Indonesia) Market Value
| FMII Stock | IDR 356.00 6.00 1.66% |
| Symbol | Fortune |
Fortune Mate '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 Fortune Mate'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 Fortune Mate.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Fortune Mate on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Fortune Mate Indonesia or generate 0.0% return on investment in Fortune Mate over 90 days. Fortune Mate is related to or competes with HK Metals, Enseval Putra, Inocycle Technology, Grand Kartech, Smartfren Telecom, Ashmore Asset, and Envy Technologies. PT Fortune Mate Indonesia Tbk, together with its subsidiaries, provides real estate development and construction service... More
Fortune Mate 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 Fortune Mate'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 Fortune Mate Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 44.64 | |||
| Value At Risk | (13.17) | |||
| Potential Upside | 24.73 |
Fortune Mate Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Fortune Mate's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Fortune Mate's standard deviation. In reality, there are many statistical measures that can use Fortune Mate historical prices to predict the future Fortune Mate's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | 0.7099 | |||
| Treynor Ratio | 1.61 |
Fortune Mate Indonesia Backtested Returns
Fortune Mate Indonesia secures Sharpe Ratio (or Efficiency) of -0.0409, which denotes the company had a -0.0409 % return per unit of risk over the last 3 months. Fortune Mate Indonesia exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Fortune Mate's Mean Deviation of 4.42, variance of 68.74, and Standard Deviation of 8.29 to check the risk estimate we provide. 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 Fortune Mate are expected to decrease at a much lower rate. During the bear market, Fortune Mate is likely to outperform the market. At this point, Fortune Mate Indonesia has a negative expected return of -0.36%. Please make sure to confirm Fortune Mate's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Fortune Mate Indonesia performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.01 |
Virtually no predictability
Fortune Mate Indonesia has virtually no predictability. Overlapping area represents the amount of predictability between Fortune Mate time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Fortune Mate Indonesia price movement. The serial correlation of 0.01 indicates that just 1.0% of current Fortune Mate price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 2629.08 |
Fortune Mate Indonesia lagged returns against current returns
Autocorrelation, which is Fortune Mate 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 Fortune Mate's stock expected returns. We can calculate the autocorrelation of Fortune Mate returns to help us make a trade decision. For example, suppose you find that Fortune Mate 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 |
Fortune Mate 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 Fortune Mate stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Fortune Mate stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Fortune Mate stock over time.
Current vs Lagged Prices |
| Timeline |
Fortune Mate Lagged Returns
When evaluating Fortune Mate's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Fortune Mate stock have on its future price. Fortune Mate 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, Fortune Mate autocorrelation shows the relationship between Fortune Mate stock current value and its past values and can show if there is a momentum factor associated with investing in Fortune Mate Indonesia.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Fortune Stock
Fortune Mate financial ratios help investors to determine whether Fortune 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 Fortune with respect to the benefits of owning Fortune Mate security.