Tanah Laut (Indonesia) Market Value
| INDX Stock | IDR 88.00 1.00 1.15% |
| Symbol | Tanah |
Tanah Laut '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 Tanah Laut'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 Tanah Laut.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Tanah Laut on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Tanah Laut Tbk or generate 0.0% return on investment in Tanah Laut over 570 days. Tanah Laut is related to or competes with Inter Delta, Humpuss Intermoda, Fortune Indonesia, PT MNC, and Indorama Synthetics. More
Tanah Laut 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 Tanah Laut'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 Tanah Laut Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 8.57 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 2.56 |
Tanah Laut Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tanah Laut's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tanah Laut's standard deviation. In reality, there are many statistical measures that can use Tanah Laut historical prices to predict the future Tanah Laut's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.44) | |||
| Treynor Ratio | 0.3965 |
Tanah Laut Tbk Backtested Returns
Tanah Laut Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0569, which indicates the firm had a -0.0569% return per unit of risk over the last 3 months. Tanah Laut Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Tanah Laut's Coefficient Of Variation of (1,002), risk adjusted performance of (0.07), and Variance of 3.17 to confirm the risk estimate we provide. The entity has a beta of -0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tanah Laut are expected to decrease at a much lower rate. During the bear market, Tanah Laut is likely to outperform the market. At this point, Tanah Laut Tbk has a negative expected return of -0.0918%. Please make sure to validate Tanah Laut's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Tanah Laut Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Tanah Laut Tbk has below average predictability. Overlapping area represents the amount of predictability between Tanah Laut time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th of December 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 Tanah Laut Tbk price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Tanah Laut price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 71.39 |
Tanah Laut Tbk lagged returns against current returns
Autocorrelation, which is Tanah Laut 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 Tanah Laut's stock expected returns. We can calculate the autocorrelation of Tanah Laut returns to help us make a trade decision. For example, suppose you find that Tanah Laut 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 |
Tanah Laut 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 Tanah Laut stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tanah Laut stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tanah Laut stock over time.
Current vs Lagged Prices |
| Timeline |
Tanah Laut Lagged Returns
When evaluating Tanah Laut's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tanah Laut stock have on its future price. Tanah Laut 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, Tanah Laut autocorrelation shows the relationship between Tanah Laut stock current value and its past values and can show if there is a momentum factor associated with investing in Tanah Laut Tbk.
Regressed Prices |
| Timeline |
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Tanah Laut financial ratios help investors to determine whether Tanah 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 Tanah with respect to the benefits of owning Tanah Laut security.