Delta Dunia (Indonesia) Market Value
| DOID Stock | IDR 640.00 10.00 1.54% |
| Symbol | Delta |
Delta Dunia '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 Delta Dunia'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 Delta Dunia.
| 07/20/2023 |
| 12/11/2024 |
If you would invest 0.00 in Delta Dunia on July 20, 2023 and sell it all today you would earn a total of 0.00 from holding Delta Dunia Makmur or generate 0.0% return on investment in Delta Dunia over 510 days. Delta Dunia is related to or competes with Harum Energy, Adi Sarana, Elang Mahkota, and Erajaya Swasembada. PT Delta Dunia Makmur Tbk, through its subsidiaries, operates as a mining contractor in Indonesia More
Delta Dunia 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 Delta Dunia'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 Delta Dunia Makmur upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.4 | |||
| Value At Risk | (4.65) | |||
| Potential Upside | 3.85 |
Delta Dunia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Delta Dunia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Delta Dunia's standard deviation. In reality, there are many statistical measures that can use Delta Dunia historical prices to predict the future Delta Dunia's volatility.| Risk Adjusted Performance | 0.0041 | |||
| Jensen Alpha | 0.0038 | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | 0.0988 |
Delta Dunia Makmur Backtested Returns
Delta Dunia Makmur secures Sharpe Ratio (or Efficiency) of -0.0518, which denotes the company had a -0.0518% return per unit of risk over the last 3 months. Delta Dunia Makmur exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Delta Dunia's Mean Deviation of 2.27, variance of 8.8, and Standard Deviation of 2.97 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.24, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Delta Dunia are expected to decrease at a much lower rate. During the bear market, Delta Dunia is likely to outperform the market. At this point, Delta Dunia Makmur has a negative expected return of -0.15%. Please make sure to confirm Delta Dunia's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Delta Dunia Makmur performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.34 |
Poor reverse predictability
Delta Dunia Makmur has poor reverse predictability. Overlapping area represents the amount of predictability between Delta Dunia time series from 20th of July 2023 to 31st of March 2024 and 31st of March 2024 to 11th 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 Delta Dunia Makmur price movement. The serial correlation of -0.34 indicates that nearly 34.0% of current Delta Dunia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.34 | |
| Spearman Rank Test | -0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 10 K |
Delta Dunia Makmur lagged returns against current returns
Autocorrelation, which is Delta Dunia 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 Delta Dunia's stock expected returns. We can calculate the autocorrelation of Delta Dunia returns to help us make a trade decision. For example, suppose you find that Delta Dunia 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 |
Delta Dunia 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 Delta Dunia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Delta Dunia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Delta Dunia stock over time.
Current vs Lagged Prices |
| Timeline |
Delta Dunia Lagged Returns
When evaluating Delta Dunia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Delta Dunia stock have on its future price. Delta Dunia 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, Delta Dunia autocorrelation shows the relationship between Delta Dunia stock current value and its past values and can show if there is a momentum factor associated with investing in Delta Dunia Makmur.
Regressed Prices |
| Timeline |
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Try AI Portfolio ArchitectOther Information on Investing in Delta Stock
Delta Dunia financial ratios help investors to determine whether Delta 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 Delta with respect to the benefits of owning Delta Dunia security.