Mega Manunggal (Indonesia) Market Value
| MMLP Stock | IDR 476.00 4.00 0.83% |
| Symbol | Mega |
Mega Manunggal '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 Mega Manunggal'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 Mega Manunggal.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Mega Manunggal on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Mega Manunggal Property or generate 0.0% return on investment in Mega Manunggal over 510 days. Mega Manunggal is related to or competes with Puradelta Lestari, Jaya Real, Bekasi Fajar, Metropolitan Land, and Mitra Pinasthika. PT Mega Manunggal Property Tbk provides logistics facilities in Indonesia More
Mega Manunggal 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 Mega Manunggal'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 Mega Manunggal Property upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.0241 | |||
| Maximum Drawdown | 17.33 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 5.0 |
Mega Manunggal Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mega Manunggal's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mega Manunggal's standard deviation. In reality, there are many statistical measures that can use Mega Manunggal historical prices to predict the future Mega Manunggal's volatility.| Risk Adjusted Performance | 0.0582 | |||
| Jensen Alpha | 0.0827 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0244 | |||
| Treynor Ratio | 0.2125 |
Mega Manunggal Property Backtested Returns
Mega Manunggal appears to be very steady, given 3 months investment horizon. Mega Manunggal Property has Sharpe Ratio of 0.0904, which conveys that the firm had a 0.0904% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Mega Manunggal, which you can use to evaluate the volatility of the firm. Please exercise Mega Manunggal's Downside Deviation of 2.65, risk adjusted performance of 0.0582, and Mean Deviation of 1.78 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mega Manunggal holds a performance score of 7. The company secures a Beta (Market Risk) of 0.84, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Mega Manunggal's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mega Manunggal is expected to be smaller as well. Please check Mega Manunggal's information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Mega Manunggal's current price movements will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Mega Manunggal Property has excellent reverse predictability. Overlapping area represents the amount of predictability between Mega Manunggal time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Mega Manunggal Property price movement. The serial correlation of -0.81 indicates that around 81.0% of current Mega Manunggal price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.81 | |
| Residual Average | 0.0 | |
| Price Variance | 7090.95 |
Mega Manunggal Property lagged returns against current returns
Autocorrelation, which is Mega Manunggal 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 Mega Manunggal's stock expected returns. We can calculate the autocorrelation of Mega Manunggal returns to help us make a trade decision. For example, suppose you find that Mega Manunggal 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 |
Mega Manunggal 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 Mega Manunggal stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mega Manunggal stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mega Manunggal stock over time.
Current vs Lagged Prices |
| Timeline |
Mega Manunggal Lagged Returns
When evaluating Mega Manunggal's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mega Manunggal stock have on its future price. Mega Manunggal 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, Mega Manunggal autocorrelation shows the relationship between Mega Manunggal stock current value and its past values and can show if there is a momentum factor associated with investing in Mega Manunggal Property.
Regressed Prices |
| Timeline |
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Mega Manunggal financial ratios help investors to determine whether Mega 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 Mega with respect to the benefits of owning Mega Manunggal security.