Resource Alam (Indonesia) Market Value
| KKGI Stock | IDR 510.00 10.00 1.92% |
| Symbol | Resource |
Resource Alam '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 Resource Alam'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 Resource Alam.
| 11/02/2024 |
| 12/02/2024 |
If you would invest 0.00 in Resource Alam on November 2, 2024 and sell it all today you would earn a total of 0.00 from holding Resource Alam Indonesia or generate 0.0% return on investment in Resource Alam over 30 days. Resource Alam is related to or competes with Petrosea Tbk, Harum Energy, Perdana Karya, Bayan Resources, and Samindo Resources. PT Resource Alam Indonesia Tbk engages in coal and methane mining in Indonesia More
Resource Alam 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 Resource Alam'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 Resource Alam Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 12.45 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 3.28 |
Resource Alam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Resource Alam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Resource Alam's standard deviation. In reality, there are many statistical measures that can use Resource Alam historical prices to predict the future Resource Alam's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.35) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.50) |
Resource Alam Indonesia Backtested Returns
Resource Alam Indonesia maintains Sharpe Ratio (i.e., Efficiency) of -0.17, which implies the firm had a -0.17% return per unit of risk over the last 3 months. Resource Alam Indonesia exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Resource Alam's Risk Adjusted Performance of (0.09), variance of 4.89, and Coefficient Of Variation of (814.19) to confirm the risk estimate we provide. The company holds a Beta of 0.56, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Resource Alam's returns are expected to increase less than the market. However, during the bear market, the loss of holding Resource Alam is expected to be smaller as well. At this point, Resource Alam Indonesia has a negative expected return of -0.33%. Please make sure to check Resource Alam's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Resource Alam Indonesia performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.05 |
Very weak reverse predictability
Resource Alam Indonesia has very weak reverse predictability. Overlapping area represents the amount of predictability between Resource Alam time series from 2nd of November 2024 to 17th of November 2024 and 17th of November 2024 to 2nd 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 Resource Alam Indonesia price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current Resource Alam price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | -0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 70.25 |
Resource Alam Indonesia lagged returns against current returns
Autocorrelation, which is Resource Alam 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 Resource Alam's stock expected returns. We can calculate the autocorrelation of Resource Alam returns to help us make a trade decision. For example, suppose you find that Resource Alam 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 |
Resource Alam 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 Resource Alam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Resource Alam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Resource Alam stock over time.
Current vs Lagged Prices |
| Timeline |
Resource Alam Lagged Returns
When evaluating Resource Alam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Resource Alam stock have on its future price. Resource Alam 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, Resource Alam autocorrelation shows the relationship between Resource Alam stock current value and its past values and can show if there is a momentum factor associated with investing in Resource Alam Indonesia.
Regressed Prices |
| Timeline |
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Resource Alam financial ratios help investors to determine whether Resource 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 Resource with respect to the benefits of owning Resource Alam security.