Protech Mitra (Indonesia) Market Value
| OASA Stock | IDR 123.00 1.00 0.82% |
| Symbol | Protech |
Protech 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 Protech 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 Protech Mitra.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Protech Mitra on December 17, 2024 and sell it all today you would earn a total of 0.00 from holding Protech Mitra Perkasa or generate 0.0% return on investment in Protech Mitra over 90 days. Protech Mitra is related to or competes with Pelayaran Nelly, Trans Power, Sidomulyo Selaras, Bali Towerindo, and Sillo Maritime. More
Protech 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 Protech 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 Protech Mitra Perkasa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.48 | |||
| Value At Risk | (6.21) | |||
| Potential Upside | 4.51 |
Protech Mitra Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Protech Mitra's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Protech Mitra's standard deviation. In reality, there are many statistical measures that can use Protech Mitra historical prices to predict the future Protech Mitra's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | 0.1092 | |||
| Treynor Ratio | 0.3691 |
Protech Mitra Perkasa Backtested Returns
Protech Mitra Perkasa maintains Sharpe Ratio (i.e., Efficiency) of -0.0864, which implies the firm had a -0.0864 % return per unit of risk over the last 3 months. Protech Mitra Perkasa exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Protech Mitra's Variance of 9.41, risk adjusted performance of (0.07), and Coefficient Of Variation of (1,157) to confirm the risk estimate we provide. The company holds a Beta of -0.75, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Protech Mitra are expected to decrease at a much lower rate. During the bear market, Protech Mitra is likely to outperform the market. At this point, Protech Mitra Perkasa has a negative expected return of -0.27%. Please make sure to check Protech Mitra's maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Protech Mitra Perkasa performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Protech Mitra Perkasa has below average predictability. Overlapping area represents the amount of predictability between Protech Mitra time series from 17th of December 2024 to 31st of January 2025 and 31st of January 2025 to 17th 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 Protech Mitra Perkasa price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Protech Mitra price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 59.92 |
Protech Mitra Perkasa lagged returns against current returns
Autocorrelation, which is Protech 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 Protech Mitra's stock expected returns. We can calculate the autocorrelation of Protech Mitra returns to help us make a trade decision. For example, suppose you find that Protech 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 |
Protech 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 Protech Mitra stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Protech Mitra stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Protech Mitra stock over time.
Current vs Lagged Prices |
| Timeline |
Protech Mitra Lagged Returns
When evaluating Protech Mitra's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Protech Mitra stock have on its future price. Protech 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, Protech Mitra autocorrelation shows the relationship between Protech Mitra stock current value and its past values and can show if there is a momentum factor associated with investing in Protech Mitra Perkasa.
Regressed Prices |
| Timeline |
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Protech Mitra financial ratios help investors to determine whether Protech 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 Protech with respect to the benefits of owning Protech Mitra security.