RMK Energy (Indonesia) Market Value
| RMKE Stock | 520.00 10.00 1.96% |
| Symbol | RMK |
RMK Energy '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 RMK Energy'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 RMK Energy.
| 06/05/2024 |
| 12/02/2024 |
If you would invest 0.00 in RMK Energy on June 5, 2024 and sell it all today you would earn a total of 0.00 from holding RMK Energy PT or generate 0.0% return on investment in RMK Energy over 180 days. RMK Energy is related to or competes with Baramulti Suksessarana, Mitrabara Adiperdana, and Adaro Minerals. More
RMK Energy 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 RMK Energy'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 RMK Energy PT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.19) | |||
| Maximum Drawdown | 15.45 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 1.94 |
RMK Energy Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for RMK Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RMK Energy's standard deviation. In reality, there are many statistical measures that can use RMK Energy historical prices to predict the future RMK Energy's volatility.| Risk Adjusted Performance | (0.09) | |||
| Jensen Alpha | (0.32) | |||
| Total Risk Alpha | (0.58) | |||
| Treynor Ratio | (0.45) |
RMK Energy PT Backtested Returns
RMK Energy PT maintains Sharpe Ratio (i.e., Efficiency) of -0.1, which implies the firm had a -0.1% return per unit of volatility over the last 3 months. RMK Energy PT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RMK Energy's risk adjusted performance of (0.09), and Coefficient Of Variation of (828.80) to confirm the risk estimate we provide. The company holds a Beta of 0.56, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RMK Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding RMK Energy is expected to be smaller as well. At this point, RMK Energy PT has a negative expected return of -0.21%. Please make sure to check RMK Energy's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if RMK Energy PT performance from the past will be repeated at future time.
Auto-correlation | -0.64 |
Very good reverse predictability
RMK Energy PT has very good reverse predictability. Overlapping area represents the amount of predictability between RMK Energy time series from 5th of June 2024 to 3rd of September 2024 and 3rd of September 2024 to 2nd 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 RMK Energy PT price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current RMK Energy price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 1181.91 |
RMK Energy PT lagged returns against current returns
Autocorrelation, which is RMK Energy 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 RMK Energy's stock expected returns. We can calculate the autocorrelation of RMK Energy returns to help us make a trade decision. For example, suppose you find that RMK Energy 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 |
RMK Energy 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 RMK Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RMK Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RMK Energy stock over time.
Current vs Lagged Prices |
| Timeline |
RMK Energy Lagged Returns
When evaluating RMK Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RMK Energy stock have on its future price. RMK Energy 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, RMK Energy autocorrelation shows the relationship between RMK Energy stock current value and its past values and can show if there is a momentum factor associated with investing in RMK Energy PT.
Regressed Prices |
| Timeline |
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RMK Energy financial ratios help investors to determine whether RMK 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 RMK with respect to the benefits of owning RMK Energy security.