Bukit Asam (Indonesia) Market Value
| PTBA Stock | IDR 2,450 30.00 1.21% |
| Symbol | Bukit |
Bukit Asam '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 Bukit Asam'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 Bukit Asam.
| 12/16/2024 |
| 03/16/2025 |
If you would invest 0.00 in Bukit Asam on December 16, 2024 and sell it all today you would earn a total of 0.00 from holding Bukit Asam Tbk or generate 0.0% return on investment in Bukit Asam over 90 days. Bukit Asam is related to or competes with Perusahaan Gas, Indo Tambangraya, Aneka Tambang, Adaro Energy, and United Tractors. PT Bukit Asam Tbk, together with its subsidiaries, engages in the coal mining activities in Indonesia More
Bukit Asam 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 Bukit Asam'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 Bukit Asam Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 7.94 | |||
| Value At Risk | (2.57) | |||
| Potential Upside | 2.67 |
Bukit Asam Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bukit Asam's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bukit Asam's standard deviation. In reality, there are many statistical measures that can use Bukit Asam historical prices to predict the future Bukit Asam's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | 0.0304 | |||
| Treynor Ratio | (0.87) |
Bukit Asam Tbk Backtested Returns
Bukit Asam Tbk secures Sharpe Ratio (or Efficiency) of -0.12, which signifies that the company had a -0.12 % return per unit of risk over the last 3 months. Bukit Asam Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Bukit Asam's Risk Adjusted Performance of (0.08), mean deviation of 1.05, and Standard Deviation of 1.46 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.17, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bukit Asam's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bukit Asam is expected to be smaller as well. At this point, Bukit Asam Tbk has a negative expected return of -0.18%. Please make sure to confirm Bukit Asam's maximum drawdown, potential upside, and the relationship between the treynor ratio and value at risk , to decide if Bukit Asam Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Bukit Asam Tbk has modest reverse predictability. Overlapping area represents the amount of predictability between Bukit Asam time series from 16th of December 2024 to 30th of January 2025 and 30th of January 2025 to 16th 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 Bukit Asam Tbk price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Bukit Asam price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 2671.88 |
Bukit Asam Tbk lagged returns against current returns
Autocorrelation, which is Bukit Asam 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 Bukit Asam's stock expected returns. We can calculate the autocorrelation of Bukit Asam returns to help us make a trade decision. For example, suppose you find that Bukit Asam 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 |
Bukit Asam 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 Bukit Asam stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bukit Asam stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bukit Asam stock over time.
Current vs Lagged Prices |
| Timeline |
Bukit Asam Lagged Returns
When evaluating Bukit Asam's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bukit Asam stock have on its future price. Bukit Asam 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, Bukit Asam autocorrelation shows the relationship between Bukit Asam stock current value and its past values and can show if there is a momentum factor associated with investing in Bukit Asam Tbk.
Regressed Prices |
| Timeline |
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Bukit Asam financial ratios help investors to determine whether Bukit 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 Bukit with respect to the benefits of owning Bukit Asam security.