Era Mandiri (Indonesia) Market Value
| IKAN Stock | IDR 115.00 10.00 9.52% |
| Symbol | Era |
Era Mandiri '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 Era Mandiri'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 Era Mandiri.
| 01/31/2025 |
| 03/02/2025 |
If you would invest 0.00 in Era Mandiri on January 31, 2025 and sell it all today you would earn a total of 0.00 from holding Era Mandiri Cemerlang or generate 0.0% return on investment in Era Mandiri over 30 days. Era Mandiri is related to or competes with Putra Rajawali, Sinergi Inti, Karya Bersama, Jasnita Telekomindo, and Agro Yasa. PT Era Mandiri Cemerlang Tbk operates in the processing and trade sectors of fishery products in Indonesia and internati... More
Era Mandiri 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 Era Mandiri'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 Era Mandiri Cemerlang upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.7 | |||
| Information Ratio | 0.4046 | |||
| Maximum Drawdown | 18.16 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 9.8 |
Era Mandiri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Era Mandiri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Era Mandiri's standard deviation. In reality, there are many statistical measures that can use Era Mandiri historical prices to predict the future Era Mandiri's volatility.| Risk Adjusted Performance | 0.3048 | |||
| Jensen Alpha | 2.19 | |||
| Total Risk Alpha | 2.36 | |||
| Sortino Ratio | 0.4707 | |||
| Treynor Ratio | (28.45) |
Era Mandiri Cemerlang Backtested Returns
Era Mandiri is very steady given 3 months investment horizon. Era Mandiri Cemerlang secures Sharpe Ratio (or Efficiency) of 0.51, which denotes the company had a 0.51 % return per unit of standard deviation over the last 3 months. We were able to collect data for twenty-eight different technical indicators, which can help you to evaluate if expected returns of 2.81% are justified by taking the suggested risk. Use Era Mandiri Downside Deviation of 4.7, mean deviation of 4.89, and Semi Deviation of 2.81 to evaluate company specific risk that cannot be diversified away. Era Mandiri holds a performance score of 40 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.077, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Era Mandiri are expected to decrease at a much lower rate. During the bear market, Era Mandiri is likely to outperform the market. Use Era Mandiri downside deviation, information ratio, and the relationship between the semi deviation and coefficient of variation , to analyze future returns on Era Mandiri.
Auto-correlation | 0.90 |
Excellent predictability
Era Mandiri Cemerlang has excellent predictability. Overlapping area represents the amount of predictability between Era Mandiri time series from 31st of January 2025 to 15th of February 2025 and 15th of February 2025 to 2nd 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 Era Mandiri Cemerlang price movement. The serial correlation of 0.9 indicates that approximately 90.0% of current Era Mandiri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.9 | |
| Spearman Rank Test | 0.88 | |
| Residual Average | 0.0 | |
| Price Variance | 330.84 |
Era Mandiri Cemerlang lagged returns against current returns
Autocorrelation, which is Era Mandiri 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 Era Mandiri's stock expected returns. We can calculate the autocorrelation of Era Mandiri returns to help us make a trade decision. For example, suppose you find that Era Mandiri 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 |
Era Mandiri 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 Era Mandiri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Era Mandiri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Era Mandiri stock over time.
Current vs Lagged Prices |
| Timeline |
Era Mandiri Lagged Returns
When evaluating Era Mandiri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Era Mandiri stock have on its future price. Era Mandiri 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, Era Mandiri autocorrelation shows the relationship between Era Mandiri stock current value and its past values and can show if there is a momentum factor associated with investing in Era Mandiri Cemerlang.
Regressed Prices |
| Timeline |
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Era Mandiri financial ratios help investors to determine whether Era 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 Era with respect to the benefits of owning Era Mandiri security.