Merdeka Copper (Indonesia) Market Value
| MDKA Stock | IDR 1,850 80.00 4.15% |
| Symbol | Merdeka |
Merdeka Copper '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 Merdeka Copper'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 Merdeka Copper.
| 09/03/2024 |
| 12/02/2024 |
If you would invest 0.00 in Merdeka Copper on September 3, 2024 and sell it all today you would earn a total of 0.00 from holding Merdeka Copper Gold or generate 0.0% return on investment in Merdeka Copper over 90 days. Merdeka Copper is related to or competes with Timah Persero, Semen Indonesia, Mitra Pinasthika, Jakarta Int, Asuransi Harta, Indosterling Technomedia, and Indosat Tbk. More
Merdeka Copper 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 Merdeka Copper'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 Merdeka Copper Gold upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.26) | |||
| Maximum Drawdown | 10.51 | |||
| Value At Risk | (3.67) | |||
| Potential Upside | 3.48 |
Merdeka Copper Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Merdeka Copper's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Merdeka Copper's standard deviation. In reality, there are many statistical measures that can use Merdeka Copper historical prices to predict the future Merdeka Copper's volatility.| Risk Adjusted Performance | (0.15) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 2.64 |
Merdeka Copper Gold Backtested Returns
Merdeka Copper Gold has Sharpe Ratio of -0.17, which conveys that the firm had a -0.17% return per unit of risk over the last 3 months. Merdeka Copper exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Merdeka Copper's Risk Adjusted Performance of (0.15), mean deviation of 1.58, and Standard Deviation of 2.12 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of -0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Merdeka Copper are expected to decrease at a much lower rate. During the bear market, Merdeka Copper is likely to outperform the market. At this point, Merdeka Copper Gold has a negative expected return of -0.36%. Please make sure to verify Merdeka Copper's potential upside, kurtosis, and the relationship between the value at risk and skewness , to decide if Merdeka Copper Gold performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.71 |
Almost perfect reverse predictability
Merdeka Copper Gold has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Merdeka Copper time series from 3rd of September 2024 to 18th of October 2024 and 18th of October 2024 to 2nd 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 Merdeka Copper Gold price movement. The serial correlation of -0.71 indicates that around 71.0% of current Merdeka Copper price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.71 | |
| Spearman Rank Test | -0.7 | |
| Residual Average | 0.0 | |
| Price Variance | 41.9 K |
Merdeka Copper Gold lagged returns against current returns
Autocorrelation, which is Merdeka Copper 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 Merdeka Copper's stock expected returns. We can calculate the autocorrelation of Merdeka Copper returns to help us make a trade decision. For example, suppose you find that Merdeka Copper 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 |
Merdeka Copper 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 Merdeka Copper stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Merdeka Copper stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Merdeka Copper stock over time.
Current vs Lagged Prices |
| Timeline |
Merdeka Copper Lagged Returns
When evaluating Merdeka Copper's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Merdeka Copper stock have on its future price. Merdeka Copper 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, Merdeka Copper autocorrelation shows the relationship between Merdeka Copper stock current value and its past values and can show if there is a momentum factor associated with investing in Merdeka Copper Gold.
Regressed Prices |
| Timeline |
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Merdeka Copper financial ratios help investors to determine whether Merdeka 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 Merdeka with respect to the benefits of owning Merdeka Copper security.