Sanurhasta Mitra (Indonesia) Market Value
| MINA Stock | IDR 34.00 3.00 9.68% |
| Symbol | Sanurhasta |
Sanurhasta Mitra '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 Sanurhasta Mitra'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 Sanurhasta Mitra.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Sanurhasta Mitra on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Sanurhasta Mitra PT or generate 0.0% return on investment in Sanurhasta Mitra over 30 days. Sanurhasta Mitra is related to or competes with Lippo Cikarang, Lippo Karawaci, Mitra Pinasthika, Jakarta Int, Indosterling Technomedia, Indosat Tbk, and Bank Negara. More
Sanurhasta Mitra 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 Sanurhasta Mitra'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 Sanurhasta Mitra PT upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 6.36 | |||
| Information Ratio | 0.1713 | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (7.69) | |||
| Potential Upside | 8.7 |
Sanurhasta Mitra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanurhasta Mitra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanurhasta Mitra's standard deviation. In reality, there are many statistical measures that can use Sanurhasta Mitra historical prices to predict the future Sanurhasta Mitra's volatility.| Risk Adjusted Performance | 0.1627 | |||
| Jensen Alpha | 0.8437 | |||
| Total Risk Alpha | 0.1471 | |||
| Sortino Ratio | 0.1207 | |||
| Treynor Ratio | 2.21 |
Sanurhasta Mitra Backtested Returns
Sanurhasta Mitra appears to be not too volatile, given 3 months investment horizon. Sanurhasta Mitra owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. By inspecting Sanurhasta Mitra's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please review Sanurhasta Mitra's Semi Deviation of 2.99, coefficient of variation of 495.11, and Risk Adjusted Performance of 0.1627 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sanurhasta Mitra holds a performance score of 11. The entity has a beta of 0.41, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Sanurhasta Mitra's returns are expected to increase less than the market. However, during the bear market, the loss of holding Sanurhasta Mitra is expected to be smaller as well. Please check Sanurhasta Mitra's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Sanurhasta Mitra's existing price patterns will revert.
Auto-correlation | 0.17 |
Very weak predictability
Sanurhasta Mitra PT has very weak predictability. Overlapping area represents the amount of predictability between Sanurhasta Mitra time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Sanurhasta Mitra price movement. The serial correlation of 0.17 indicates that over 17.0% of current Sanurhasta Mitra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.17 | |
| Spearman Rank Test | 0.86 | |
| Residual Average | 0.0 | |
| Price Variance | 16.15 |
Sanurhasta Mitra lagged returns against current returns
Autocorrelation, which is Sanurhasta Mitra 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 Sanurhasta Mitra's stock expected returns. We can calculate the autocorrelation of Sanurhasta Mitra returns to help us make a trade decision. For example, suppose you find that Sanurhasta Mitra 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 |
Sanurhasta Mitra 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 Sanurhasta Mitra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanurhasta Mitra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanurhasta Mitra stock over time.
Current vs Lagged Prices |
| Timeline |
Sanurhasta Mitra Lagged Returns
When evaluating Sanurhasta Mitra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanurhasta Mitra stock have on its future price. Sanurhasta Mitra 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, Sanurhasta Mitra autocorrelation shows the relationship between Sanurhasta Mitra stock current value and its past values and can show if there is a momentum factor associated with investing in Sanurhasta Mitra PT.
Regressed Prices |
| Timeline |
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Sanurhasta Mitra financial ratios help investors to determine whether Sanurhasta 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 Sanurhasta with respect to the benefits of owning Sanurhasta Mitra security.