Pelayaran Nasional (Indonesia) Market Value
| BBRM Stock | IDR 80.00 1.00 1.23% |
| Symbol | Pelayaran |
Pelayaran Nasional '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 Pelayaran Nasional'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 Pelayaran Nasional.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Pelayaran Nasional on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Pelayaran Nasional Bina or generate 0.0% return on investment in Pelayaran Nasional over 30 days. Pelayaran Nasional is related to or competes with PT Indonesia, Surya Toto, Mitra Pinasthika, Integra Indocabinet, Multistrada Arah, Bhuwanatala Indah, and Mitrabara Adiperdana. More
Pelayaran Nasional 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 Pelayaran Nasional'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 Pelayaran Nasional Bina upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.9 | |||
| Value At Risk | (2.44) | |||
| Potential Upside | 3.66 |
Pelayaran Nasional Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pelayaran Nasional's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pelayaran Nasional's standard deviation. In reality, there are many statistical measures that can use Pelayaran Nasional historical prices to predict the future Pelayaran Nasional's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.36) | |||
| Treynor Ratio | (0.38) |
Pelayaran Nasional Bina Backtested Returns
Pelayaran Nasional Bina maintains Sharpe Ratio (i.e., Efficiency) of -0.0303, which implies the firm had a -0.0303% return per unit of risk over the last 3 months. Pelayaran Nasional Bina exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Pelayaran Nasional's Coefficient Of Variation of (3,525), variance of 5.35, and Risk Adjusted Performance of (0.01) to confirm the risk estimate we provide. The company holds a Beta of 0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pelayaran Nasional's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pelayaran Nasional is expected to be smaller as well. At this point, Pelayaran Nasional Bina has a negative expected return of -0.0691%. Please make sure to check Pelayaran Nasional's treynor ratio, value at risk, and the relationship between the total risk alpha and maximum drawdown , to decide if Pelayaran Nasional Bina performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Pelayaran Nasional Bina has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Pelayaran Nasional time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Pelayaran Nasional Bina price movement. The serial correlation of -0.74 indicates that around 74.0% of current Pelayaran Nasional price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 3.89 |
Pelayaran Nasional Bina lagged returns against current returns
Autocorrelation, which is Pelayaran Nasional 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 Pelayaran Nasional's stock expected returns. We can calculate the autocorrelation of Pelayaran Nasional returns to help us make a trade decision. For example, suppose you find that Pelayaran Nasional 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 |
Pelayaran Nasional 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 Pelayaran Nasional stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pelayaran Nasional stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pelayaran Nasional stock over time.
Current vs Lagged Prices |
| Timeline |
Pelayaran Nasional Lagged Returns
When evaluating Pelayaran Nasional's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pelayaran Nasional stock have on its future price. Pelayaran Nasional 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, Pelayaran Nasional autocorrelation shows the relationship between Pelayaran Nasional stock current value and its past values and can show if there is a momentum factor associated with investing in Pelayaran Nasional Bina.
Regressed Prices |
| Timeline |
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Pelayaran Nasional financial ratios help investors to determine whether Pelayaran 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 Pelayaran with respect to the benefits of owning Pelayaran Nasional security.