Gunung Raja (Indonesia) Market Value
| GGRP Stock | IDR 232.00 20.00 9.43% |
| Symbol | Gunung |
Gunung Raja '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 Gunung Raja'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 Gunung Raja.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Gunung Raja on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Gunung Raja Paksi or generate 0.0% return on investment in Gunung Raja over 30 days. Gunung Raja is related to or competes with Alumindo Light, Duta Pertiwi, Berlina Tbk, and Asiaplast Industries. PT Gunung Raja Paksi Tbk produces and sells steel products in Indonesia and internationally More
Gunung Raja 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 Gunung Raja'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 Gunung Raja Paksi upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 7.29 | |||
| Information Ratio | 0.0211 | |||
| Maximum Drawdown | 115.12 | |||
| Value At Risk | (9.72) | |||
| Potential Upside | 5.47 |
Gunung Raja Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gunung Raja's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gunung Raja's standard deviation. In reality, there are many statistical measures that can use Gunung Raja historical prices to predict the future Gunung Raja's volatility.| Risk Adjusted Performance | 0.0301 | |||
| Jensen Alpha | 0.3651 | |||
| Total Risk Alpha | (1.33) | |||
| Sortino Ratio | 0.04 | |||
| Treynor Ratio | 2.1 |
Gunung Raja Paksi Backtested Returns
Gunung Raja appears to be very steady, given 3 months investment horizon. Gunung Raja Paksi holds Efficiency (Sharpe) Ratio of 0.0235, which attests that the entity had a 0.0235% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Gunung Raja Paksi, which you can use to evaluate the volatility of the firm. Please utilize Gunung Raja's Market Risk Adjusted Performance of 2.11, risk adjusted performance of 0.0301, and Downside Deviation of 7.29 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Gunung Raja holds a performance score of 1. The company retains a Market Volatility (i.e., Beta) of 0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Gunung Raja's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gunung Raja is expected to be smaller as well. Please check Gunung Raja's information ratio, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Gunung Raja's current trending patterns will revert.
Auto-correlation | -0.18 |
Insignificant reverse predictability
Gunung Raja Paksi has insignificant reverse predictability. Overlapping area represents the amount of predictability between Gunung Raja time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Gunung Raja Paksi price movement. The serial correlation of -0.18 indicates that over 18.0% of current Gunung Raja price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.18 | |
| Spearman Rank Test | -0.23 | |
| Residual Average | 0.0 | |
| Price Variance | 33.06 |
Gunung Raja Paksi lagged returns against current returns
Autocorrelation, which is Gunung Raja 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 Gunung Raja's stock expected returns. We can calculate the autocorrelation of Gunung Raja returns to help us make a trade decision. For example, suppose you find that Gunung Raja 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 |
Gunung Raja 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 Gunung Raja stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gunung Raja stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gunung Raja stock over time.
Current vs Lagged Prices |
| Timeline |
Gunung Raja Lagged Returns
When evaluating Gunung Raja's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gunung Raja stock have on its future price. Gunung Raja 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, Gunung Raja autocorrelation shows the relationship between Gunung Raja stock current value and its past values and can show if there is a momentum factor associated with investing in Gunung Raja Paksi.
Regressed Prices |
| Timeline |
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Gunung Raja financial ratios help investors to determine whether Gunung 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 Gunung with respect to the benefits of owning Gunung Raja security.