Optima Prima (Indonesia) Market Value
| OPMS Stock | IDR 51.00 1.00 2.00% |
| Symbol | Optima |
Optima Prima '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 Optima Prima'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 Optima Prima.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Optima Prima on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Optima Prima Metal or generate 0.0% return on investment in Optima Prima over 30 days. Optima Prima is related to or competes with Mitra Pinasthika, Jakarta Int, Asuransi Harta, Indosterling Technomedia, Indosat Tbk, Bank Negara, and PT Kusuma. PT Optima Prima Metal Sinergi Tbk engages in the metal scrap trading business in Indonesia More
Optima Prima 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 Optima Prima'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 Optima Prima Metal upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.12) | |||
| Maximum Drawdown | 44.62 | |||
| Value At Risk | (9.52) | |||
| Potential Upside | 7.48 |
Optima Prima Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optima Prima's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optima Prima's standard deviation. In reality, there are many statistical measures that can use Optima Prima historical prices to predict the future Optima Prima's volatility.| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.80) | |||
| Total Risk Alpha | (1.43) | |||
| Treynor Ratio | (0.36) |
Optima Prima Metal Backtested Returns
Optima Prima Metal maintains Sharpe Ratio (i.e., Efficiency) of -0.0989, which implies the firm had a -0.0989% return per unit of risk over the last 3 months. Optima Prima Metal exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Optima Prima's Coefficient Of Variation of (974.22), risk adjusted performance of (0.07), and Variance of 35.36 to confirm the risk estimate we provide. The company holds a Beta of 1.71, which implies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Optima Prima will likely underperform. At this point, Optima Prima Metal has a negative expected return of -0.6%. Please make sure to check Optima Prima's value at risk, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Optima Prima Metal performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.05 |
Virtually no predictability
Optima Prima Metal has virtually no predictability. Overlapping area represents the amount of predictability between Optima Prima time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Optima Prima Metal price movement. The serial correlation of 0.05 indicates that only as little as 5.0% of current Optima Prima price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.05 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.15 |
Optima Prima Metal lagged returns against current returns
Autocorrelation, which is Optima Prima 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 Optima Prima's stock expected returns. We can calculate the autocorrelation of Optima Prima returns to help us make a trade decision. For example, suppose you find that Optima Prima 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 |
Optima Prima 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 Optima Prima stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optima Prima stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optima Prima stock over time.
Current vs Lagged Prices |
| Timeline |
Optima Prima Lagged Returns
When evaluating Optima Prima's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optima Prima stock have on its future price. Optima Prima 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, Optima Prima autocorrelation shows the relationship between Optima Prima stock current value and its past values and can show if there is a momentum factor associated with investing in Optima Prima Metal.
Regressed Prices |
| Timeline |
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Optima Prima financial ratios help investors to determine whether Optima 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 Optima with respect to the benefits of owning Optima Prima security.