Multi Indocitra (Indonesia) Market Value
| MICE Stock | IDR 520.00 15.00 2.97% |
| Symbol | Multi |
Multi Indocitra '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 Multi Indocitra'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 Multi Indocitra.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Multi Indocitra on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Multi Indocitra Tbk or generate 0.0% return on investment in Multi Indocitra over 30 days. Multi Indocitra is related to or competes with Japfa Comfeed, Charoen Pokphand, Erajaya Swasembada, Indofood Cbp, and Pakuwon Jati. More
Multi Indocitra 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 Multi Indocitra'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 Multi Indocitra Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.74 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 13.23 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.97 |
Multi Indocitra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi Indocitra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi Indocitra's standard deviation. In reality, there are many statistical measures that can use Multi Indocitra historical prices to predict the future Multi Indocitra's volatility.| Risk Adjusted Performance | 0.0585 | |||
| Jensen Alpha | 0.1848 | |||
| Total Risk Alpha | (0.15) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.16) |
Multi Indocitra Tbk Backtested Returns
Multi Indocitra Tbk has Sharpe Ratio of -0.0146, which conveys that the firm had a -0.0146% return per unit of risk over the last 3 months. Multi Indocitra exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Multi Indocitra's Downside Deviation of 1.74, mean deviation of 0.9945, and Risk Adjusted Performance of 0.0585 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.68, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Multi Indocitra are expected to decrease at a much lower rate. During the bear market, Multi Indocitra is likely to outperform the market. At this point, Multi Indocitra Tbk has a negative expected return of -0.0208%. Please make sure to verify Multi Indocitra's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Multi Indocitra Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.54 |
Modest predictability
Multi Indocitra Tbk has modest predictability. Overlapping area represents the amount of predictability between Multi Indocitra time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th of November 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 Multi Indocitra Tbk price movement. The serial correlation of 0.54 indicates that about 54.0% of current Multi Indocitra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 20.25 |
Multi Indocitra Tbk lagged returns against current returns
Autocorrelation, which is Multi Indocitra 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 Multi Indocitra's stock expected returns. We can calculate the autocorrelation of Multi Indocitra returns to help us make a trade decision. For example, suppose you find that Multi Indocitra 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 |
Multi Indocitra 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 Multi Indocitra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi Indocitra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi Indocitra stock over time.
Current vs Lagged Prices |
| Timeline |
Multi Indocitra Lagged Returns
When evaluating Multi Indocitra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi Indocitra stock have on its future price. Multi Indocitra 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, Multi Indocitra autocorrelation shows the relationship between Multi Indocitra stock current value and its past values and can show if there is a momentum factor associated with investing in Multi Indocitra Tbk.
Regressed Prices |
| Timeline |
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Multi Indocitra financial ratios help investors to determine whether Multi 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 Multi with respect to the benefits of owning Multi Indocitra security.