Optima Prima (Indonesia) Market Value
| OPMS Stock | IDR 50.00 0.00 0.00% |
| 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.
| 12/17/2024 |
| 03/17/2025 |
If you would invest 0.00 in Optima Prima on December 17, 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 90 days. Optima Prima is related to or competes with Gunung Raja, Emdeki Utama, Nusantara Almazia, Sentral Mitra, and Darmi Bersaudara. 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 | 0.1134 | |||
| Maximum Drawdown | 5.96 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 2.0 |
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 | 0.0043 | |||
| Jensen Alpha | 0.0033 | |||
| Total Risk Alpha | 0.1079 | |||
| Treynor Ratio | (0.07) |
Optima Prima Metal Backtested Returns
As of now, Optima Stock is very steady. Optima Prima Metal maintains Sharpe Ratio (i.e., Efficiency) of close to zero, which implies the firm had a close to zero % return per unit of risk over the last 3 months. We have found nineteen technical indicators for Optima Prima Metal, which you can use to evaluate the volatility of the company. Please check Optima Prima's Coefficient Of Variation of 22554.49, risk adjusted performance of 0.0043, and Variance of 0.8259 to confirm if the risk estimate we provide is consistent with the expected return of 0.004%. The company holds a Beta of 0.085, which implies not very significant fluctuations relative to the market. As returns on the market increase, Optima Prima's returns are expected to increase less than the market. However, during the bear market, the loss of holding Optima Prima is expected to be smaller as well. Optima Prima Metal right now holds a risk of 0.91%. Please check Optima Prima Metal skewness, rate of daily change, and the relationship between the potential upside and kurtosis , to decide if Optima Prima Metal will be following its historical price patterns.
Auto-correlation | -0.13 |
Insignificant reverse predictability
Optima Prima Metal has insignificant reverse predictability. Overlapping area represents the amount of predictability between Optima Prima 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 Optima Prima Metal price movement. The serial correlation of -0.13 indicates that less than 13.0% of current Optima Prima price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.13 | |
| Spearman Rank Test | 0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 0.07 |
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.