PT Steel's market value is the price at which a share of PT Steel trades on a public exchange. It measures the collective expectations of PT Steel Pipe investors about its performance. PT Steel is trading at 0.0115 as of the 9th of January 2025. This is a 20.69 percent decrease since the beginning of the trading day. The stock's lowest day price was 0.0115. With this module, you can estimate the performance of a buy and hold strategy of PT Steel Pipe and determine expected loss or profit from investing in PT Steel over a given investment horizon. Check out PT Steel Correlation, PT Steel Volatility and PT Steel Alpha and Beta module to complement your research on PT Steel.
Please note, there is a significant difference between PT Steel's value and its price as these two are different measures arrived at by different means. Investors typically determine if PT Steel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PT Steel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
PT Steel '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 PT Steel'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 PT Steel.
0.00
01/20/2023
No Change 0.00
0.0
In 1 year 11 months and 22 days
01/09/2025
0.00
If you would invest 0.00 in PT Steel on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding PT Steel Pipe or generate 0.0% return on investment in PT Steel over 720 days. PT Steel is related to or competes with Take-Two Interactive, X-FAB Silicon, Elmos Semiconductor, Hua Hong, and Tower Semiconductor. PT Steel Pipe Industry of Indonesia Tbk manufactures and sells steel pipestubes and other related products in Indonesia More
PT Steel 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 PT Steel'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 PT Steel Pipe upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Steel's standard deviation. In reality, there are many statistical measures that can use PT Steel historical prices to predict the future PT Steel's volatility.
PT Steel Pipe retains Efficiency (Sharpe Ratio) of -0.0457, which implies the firm had a -0.0457% return per unit of price deviation over the last 3 months. PT Steel exposes twenty-one different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Steel's market risk adjusted performance of (1.09), and Information Ratio of (0.04) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.19, which implies not very significant fluctuations relative to the market. As returns on the market increase, PT Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT Steel is expected to be smaller as well. At this point, PT Steel Pipe has a negative expected return of -0.22%. Please make sure to check PT Steel's coefficient of variation, variance, and the relationship between the mean deviation and standard deviation , to decide if PT Steel Pipe performance from the past will be repeated at some future date.
Auto-correlation
-0.16
Insignificant reverse predictability
PT Steel Pipe has insignificant reverse predictability. Overlapping area represents the amount of predictability between PT Steel time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 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 PT Steel Pipe price movement. The serial correlation of -0.16 indicates that over 16.0% of current PT Steel price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.16
Spearman Rank Test
-0.05
Residual Average
0.0
Price Variance
0.0
PT Steel Pipe lagged returns against current returns
Autocorrelation, which is PT Steel 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 PT Steel's stock expected returns. We can calculate the autocorrelation of PT Steel returns to help us make a trade decision. For example, suppose you find that PT Steel 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
PT Steel 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 PT Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Steel stock over time.
Current vs Lagged Prices
Timeline
PT Steel Lagged Returns
When evaluating PT Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Steel stock have on its future price. PT Steel 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, PT Steel autocorrelation shows the relationship between PT Steel stock current value and its past values and can show if there is a momentum factor associated with investing in PT Steel Pipe.
PT Steel financial ratios help investors to determine whether S08 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 S08 with respect to the benefits of owning PT Steel security.