Era Media (Indonesia) Market Value
| DOOH Stock | 56.00 1.00 1.82% |
| Symbol | Era |
Era Media '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 Era Media'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 Era Media.
| 06/06/2024 |
| 12/03/2024 |
If you would invest 0.00 in Era Media on June 6, 2024 and sell it all today you would earn a total of 0.00 from holding Era Media Sejahtera or generate 0.0% return on investment in Era Media over 180 days.
Era Media 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 Era Media'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 Era Media Sejahtera upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 8.35 | |||
| Value At Risk | (3.39) | |||
| Potential Upside | 1.82 |
Era Media Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Era Media's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Era Media's standard deviation. In reality, there are many statistical measures that can use Era Media historical prices to predict the future Era Media's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.5431 |
Era Media Sejahtera Backtested Returns
Era Media Sejahtera secures Sharpe Ratio (or Efficiency) of -0.0814, which denotes the company had a -0.0814% return per unit of standard deviation over the last 3 months. Era Media Sejahtera exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Era Media's Standard Deviation of 1.57, coefficient of variation of (1,665), and Mean Deviation of 0.9979 to check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.19, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Era Media are expected to decrease at a much lower rate. During the bear market, Era Media is likely to outperform the market. At this point, Era Media Sejahtera has a negative expected return of -0.13%. Please make sure to confirm Era Media's coefficient of variation, jensen alpha, and the relationship between the mean deviation and standard deviation , to decide if Era Media Sejahtera performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.51 |
Good reverse predictability
Era Media Sejahtera has good reverse predictability. Overlapping area represents the amount of predictability between Era Media time series from 6th of June 2024 to 4th of September 2024 and 4th of September 2024 to 3rd 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 Era Media Sejahtera price movement. The serial correlation of -0.51 indicates that about 51.0% of current Era Media price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.51 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 2.45 |
Era Media Sejahtera lagged returns against current returns
Autocorrelation, which is Era Media 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 Era Media's stock expected returns. We can calculate the autocorrelation of Era Media returns to help us make a trade decision. For example, suppose you find that Era Media 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 |
Era Media 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 Era Media stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Era Media stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Era Media stock over time.
Current vs Lagged Prices |
| Timeline |
Era Media Lagged Returns
When evaluating Era Media's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Era Media stock have on its future price. Era Media 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, Era Media autocorrelation shows the relationship between Era Media stock current value and its past values and can show if there is a momentum factor associated with investing in Era Media Sejahtera.
Regressed Prices |
| Timeline |
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