Rukun Raharja (Indonesia) Market Value
| RAJA Stock | IDR 2,130 30.00 1.43% |
| Symbol | Rukun |
Rukun Raharja '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 Rukun Raharja'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 Rukun Raharja.
| 11/01/2024 |
| 12/01/2024 |
If you would invest 0.00 in Rukun Raharja on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Rukun Raharja Tbk or generate 0.0% return on investment in Rukun Raharja over 30 days. Rukun Raharja is related to or competes with Mitrabahtera Segara, Weha Transportasi, and Rig Tenders. More
Rukun Raharja 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 Rukun Raharja'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 Rukun Raharja Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.94 | |||
| Information Ratio | 0.1382 | |||
| Maximum Drawdown | 36.07 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 9.76 |
Rukun Raharja Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Rukun Raharja's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Rukun Raharja's standard deviation. In reality, there are many statistical measures that can use Rukun Raharja historical prices to predict the future Rukun Raharja's volatility.| Risk Adjusted Performance | 0.1342 | |||
| Jensen Alpha | 0.6971 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.1847 | |||
| Treynor Ratio | 0.693 |
Rukun Raharja Tbk Backtested Returns
Rukun Raharja appears to be very steady, given 3 months investment horizon. Rukun Raharja Tbk maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. By analyzing Rukun Raharja's technical indicators, you can evaluate if the expected return of 0.98% is justified by implied risk. Please evaluate Rukun Raharja's Risk Adjusted Performance of 0.1342, semi deviation of 3.4, and Coefficient Of Variation of 608.26 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Rukun Raharja holds a performance score of 14. The company holds a Beta of 1.23, 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, Rukun Raharja will likely underperform. Please check Rukun Raharja's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Rukun Raharja's historical price patterns will revert.
Auto-correlation | -0.06 |
Very weak reverse predictability
Rukun Raharja Tbk has very weak reverse predictability. Overlapping area represents the amount of predictability between Rukun Raharja time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st 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 Rukun Raharja Tbk price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Rukun Raharja price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 17.6 K |
Rukun Raharja Tbk lagged returns against current returns
Autocorrelation, which is Rukun Raharja 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 Rukun Raharja's stock expected returns. We can calculate the autocorrelation of Rukun Raharja returns to help us make a trade decision. For example, suppose you find that Rukun Raharja 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 |
Rukun Raharja 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 Rukun Raharja stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Rukun Raharja stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Rukun Raharja stock over time.
Current vs Lagged Prices |
| Timeline |
Rukun Raharja Lagged Returns
When evaluating Rukun Raharja's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Rukun Raharja stock have on its future price. Rukun Raharja 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, Rukun Raharja autocorrelation shows the relationship between Rukun Raharja stock current value and its past values and can show if there is a momentum factor associated with investing in Rukun Raharja Tbk.
Regressed Prices |
| Timeline |
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Rukun Raharja financial ratios help investors to determine whether Rukun 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 Rukun with respect to the benefits of owning Rukun Raharja security.