Sumi Indo (Indonesia) Market Value
| IKBI Stock | IDR 404.00 2.00 0.50% |
| Symbol | Sumi |
Sumi Indo '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 Sumi Indo'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 Sumi Indo.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Sumi Indo on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Sumi Indo Kabel or generate 0.0% return on investment in Sumi Indo over 30 days. Sumi Indo is related to or competes with Jembo Cable, Kabelindo Murni, Indorama Synthetics, Indospring Tbk, and Goodyear Indonesia. PT Sumi Indo Kabel Tbk manufactures and sells conductors, power and control cables, and automobile and telecommunication... More
Sumi Indo 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 Sumi Indo'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 Sumi Indo Kabel upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.21) | |||
| Maximum Drawdown | 7.71 | |||
| Value At Risk | (1.96) | |||
| Potential Upside | 1.43 |
Sumi Indo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sumi Indo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sumi Indo's standard deviation. In reality, there are many statistical measures that can use Sumi Indo historical prices to predict the future Sumi Indo's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.38) | |||
| Treynor Ratio | 1.65 |
Sumi Indo Kabel Backtested Returns
Sumi Indo Kabel owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.086, which indicates the firm had a -0.086% return per unit of risk over the last 3 months. Sumi Indo Kabel exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sumi Indo's Coefficient Of Variation of (834.60), risk adjusted performance of (0.08), and Variance of 1.8 to confirm the risk estimate we provide. The entity has a beta of -0.1, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sumi Indo are expected to decrease at a much lower rate. During the bear market, Sumi Indo is likely to outperform the market. At this point, Sumi Indo Kabel has a negative expected return of -0.11%. Please make sure to validate Sumi Indo's total risk alpha, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Sumi Indo Kabel performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.63 |
Very good reverse predictability
Sumi Indo Kabel has very good reverse predictability. Overlapping area represents the amount of predictability between Sumi Indo time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Sumi Indo Kabel price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Sumi Indo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.63 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 5.96 |
Sumi Indo Kabel lagged returns against current returns
Autocorrelation, which is Sumi Indo 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 Sumi Indo's stock expected returns. We can calculate the autocorrelation of Sumi Indo returns to help us make a trade decision. For example, suppose you find that Sumi Indo 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 |
Sumi Indo 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 Sumi Indo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sumi Indo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sumi Indo stock over time.
Current vs Lagged Prices |
| Timeline |
Sumi Indo Lagged Returns
When evaluating Sumi Indo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sumi Indo stock have on its future price. Sumi Indo 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, Sumi Indo autocorrelation shows the relationship between Sumi Indo stock current value and its past values and can show if there is a momentum factor associated with investing in Sumi Indo Kabel.
Regressed Prices |
| Timeline |
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Sumi Indo financial ratios help investors to determine whether Sumi 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 Sumi with respect to the benefits of owning Sumi Indo security.