Indo Tambangraya (Indonesia) Market Value
| ITMG Stock | IDR 22,950 175.00 0.76% |
| Symbol | Indo |
Indo Tambangraya '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 Indo Tambangraya'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 Indo Tambangraya.
| 12/18/2024 |
| 03/18/2025 |
If you would invest 0.00 in Indo Tambangraya on December 18, 2024 and sell it all today you would earn a total of 0.00 from holding Indo Tambangraya Megah or generate 0.0% return on investment in Indo Tambangraya over 90 days. Indo Tambangraya is related to or competes with Bukit Asam, Adaro Energy, United Tractors, Vale Indonesia, and Indocement Tunggal. PT Indo Tambangraya Megah Tbk, together with its subsidiaries, engages in coal mining activities More
Indo Tambangraya 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 Indo Tambangraya'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 Indo Tambangraya Megah upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 7.82 | |||
| Value At Risk | (3.04) | |||
| Potential Upside | 1.37 |
Indo Tambangraya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Indo Tambangraya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Indo Tambangraya's standard deviation. In reality, there are many statistical measures that can use Indo Tambangraya historical prices to predict the future Indo Tambangraya's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.28) | |||
| Total Risk Alpha | (0.08) | |||
| Treynor Ratio | 1.74 |
Indo Tambangraya Megah Backtested Returns
Indo Tambangraya Megah holds Efficiency (Sharpe) Ratio of -0.19, which attests that the entity had a -0.19 % return per unit of risk over the last 3 months. Indo Tambangraya Megah exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Indo Tambangraya's Standard Deviation of 1.4, risk adjusted performance of (0.15), and Market Risk Adjusted Performance of 1.75 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.15, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Indo Tambangraya are expected to decrease at a much lower rate. During the bear market, Indo Tambangraya is likely to outperform the market. At this point, Indo Tambangraya Megah has a negative expected return of -0.28%. Please make sure to check out Indo Tambangraya's jensen alpha, treynor ratio, and the relationship between the standard deviation and total risk alpha , to decide if Indo Tambangraya Megah performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Indo Tambangraya Megah has weak reverse predictability. Overlapping area represents the amount of predictability between Indo Tambangraya time series from 18th of December 2024 to 1st of February 2025 and 1st of February 2025 to 18th 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 Indo Tambangraya Megah price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Indo Tambangraya price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 813.7 K |
Indo Tambangraya Megah lagged returns against current returns
Autocorrelation, which is Indo Tambangraya 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 Indo Tambangraya's stock expected returns. We can calculate the autocorrelation of Indo Tambangraya returns to help us make a trade decision. For example, suppose you find that Indo Tambangraya 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 |
Indo Tambangraya 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 Indo Tambangraya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Indo Tambangraya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Indo Tambangraya stock over time.
Current vs Lagged Prices |
| Timeline |
Indo Tambangraya Lagged Returns
When evaluating Indo Tambangraya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Indo Tambangraya stock have on its future price. Indo Tambangraya 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, Indo Tambangraya autocorrelation shows the relationship between Indo Tambangraya stock current value and its past values and can show if there is a momentum factor associated with investing in Indo Tambangraya Megah.
Regressed Prices |
| Timeline |
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Indo Tambangraya financial ratios help investors to determine whether Indo 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 Indo with respect to the benefits of owning Indo Tambangraya security.