Suparma Tbk (Indonesia) Market Value
| SPMA Stock | IDR 294.00 6.00 2.00% |
| Symbol | Suparma |
Suparma Tbk '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 Suparma Tbk'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 Suparma Tbk.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Suparma Tbk on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Suparma Tbk or generate 0.0% return on investment in Suparma Tbk over 30 days. Suparma Tbk is related to or competes with Trias Sentosa, Slj Global, PT Sreeya, Indo Acidatama, and PT Mulia. PT Suparma Tbk manufactures and sells paper and packaging paper products in Indonesia More
Suparma Tbk 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 Suparma Tbk'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 Suparma Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 11.6 | |||
| Value At Risk | (2.00) | |||
| Potential Upside | 1.88 |
Suparma Tbk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Suparma Tbk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Suparma Tbk's standard deviation. In reality, there are many statistical measures that can use Suparma Tbk historical prices to predict the future Suparma Tbk's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.24) | |||
| Treynor Ratio | (0.32) |
Suparma Tbk Backtested Returns
Suparma Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0207, which indicates the firm had a -0.0207% return per unit of risk over the last 3 months. Suparma Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Suparma Tbk's Risk Adjusted Performance of (0.01), coefficient of variation of (5,024), and Variance of 2.26 to confirm the risk estimate we provide. The entity has a beta of 0.12, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Suparma Tbk's returns are expected to increase less than the market. However, during the bear market, the loss of holding Suparma Tbk is expected to be smaller as well. At this point, Suparma Tbk has a negative expected return of -0.032%. Please make sure to validate Suparma Tbk's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Suparma Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Suparma Tbk has below average predictability. Overlapping area represents the amount of predictability between Suparma Tbk time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Suparma Tbk price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Suparma Tbk price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 7.56 |
Suparma Tbk lagged returns against current returns
Autocorrelation, which is Suparma Tbk 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 Suparma Tbk's stock expected returns. We can calculate the autocorrelation of Suparma Tbk returns to help us make a trade decision. For example, suppose you find that Suparma Tbk 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 |
Suparma Tbk 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 Suparma Tbk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Suparma Tbk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Suparma Tbk stock over time.
Current vs Lagged Prices |
| Timeline |
Suparma Tbk Lagged Returns
When evaluating Suparma Tbk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Suparma Tbk stock have on its future price. Suparma Tbk 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, Suparma Tbk autocorrelation shows the relationship between Suparma Tbk stock current value and its past values and can show if there is a momentum factor associated with investing in Suparma Tbk.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Suparma Stock
Suparma Tbk financial ratios help investors to determine whether Suparma 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 Suparma with respect to the benefits of owning Suparma Tbk security.