Trimitra Propertindo (Indonesia) Market Value
| LAND Stock | 20.00 1.00 5.26% |
| Symbol | Trimitra |
Trimitra Propertindo '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 Trimitra Propertindo'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 Trimitra Propertindo.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Trimitra Propertindo on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Trimitra Propertindo Tbk or generate 0.0% return on investment in Trimitra Propertindo over 570 days. Trimitra Propertindo is related to or competes with Jaya Sukses, Mahkota Group, Pollux Properti, Kioson Komersial, and Trisula Textile. More
Trimitra Propertindo 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 Trimitra Propertindo'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 Trimitra Propertindo Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.56 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 12.13 | |||
| Value At Risk | (5.56) | |||
| Potential Upside | 5.88 |
Trimitra Propertindo Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trimitra Propertindo's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trimitra Propertindo's standard deviation. In reality, there are many statistical measures that can use Trimitra Propertindo historical prices to predict the future Trimitra Propertindo's volatility.| Risk Adjusted Performance | 0.0203 | |||
| Jensen Alpha | 0.1055 | |||
| Total Risk Alpha | (0.44) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.09) |
Trimitra Propertindo Tbk Backtested Returns
Trimitra Propertindo Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0271, which indicates the firm had a -0.0271% return per unit of risk over the last 3 months. Trimitra Propertindo Tbk exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Trimitra Propertindo's Coefficient Of Variation of 5854.63, semi deviation of 2.66, and Risk Adjusted Performance of 0.0203 to confirm the risk estimate we provide. The entity has a beta of -0.55, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Trimitra Propertindo are expected to decrease at a much lower rate. During the bear market, Trimitra Propertindo is likely to outperform the market. At this point, Trimitra Propertindo Tbk has a negative expected return of -0.0943%. Please make sure to validate Trimitra Propertindo's jensen alpha, sortino ratio, and the relationship between the information ratio and total risk alpha , to decide if Trimitra Propertindo Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.38 |
Poor reverse predictability
Trimitra Propertindo Tbk has poor reverse predictability. Overlapping area represents the amount of predictability between Trimitra Propertindo time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th 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 Trimitra Propertindo Tbk price movement. The serial correlation of -0.38 indicates that just about 38.0% of current Trimitra Propertindo price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.38 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 14.08 |
Trimitra Propertindo Tbk lagged returns against current returns
Autocorrelation, which is Trimitra Propertindo 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 Trimitra Propertindo's stock expected returns. We can calculate the autocorrelation of Trimitra Propertindo returns to help us make a trade decision. For example, suppose you find that Trimitra Propertindo 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 |
Trimitra Propertindo 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 Trimitra Propertindo stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trimitra Propertindo stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trimitra Propertindo stock over time.
Current vs Lagged Prices |
| Timeline |
Trimitra Propertindo Lagged Returns
When evaluating Trimitra Propertindo's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trimitra Propertindo stock have on its future price. Trimitra Propertindo 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, Trimitra Propertindo autocorrelation shows the relationship between Trimitra Propertindo stock current value and its past values and can show if there is a momentum factor associated with investing in Trimitra Propertindo Tbk.
Regressed Prices |
| Timeline |
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Trimitra Propertindo financial ratios help investors to determine whether Trimitra 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 Trimitra with respect to the benefits of owning Trimitra Propertindo security.