Multi Bintang (Indonesia) Market Value
| MLBI Stock | IDR 6,150 25.00 0.40% |
| Symbol | Multi |
Multi Bintang '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 Multi Bintang'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 Multi Bintang.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Multi Bintang on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Multi Bintang Indonesia or generate 0.0% return on investment in Multi Bintang over 30 days. Multi Bintang is related to or competes with Austindo Nusantara, Garudafood Putra, Provident Agro, Dharma Satya, and Sawit Sumbermas. PT Multi Bintang Indonesia Tbk produces and markets alcoholic and non-alcoholic beverages in Indonesia More
Multi Bintang 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 Multi Bintang'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 Multi Bintang Indonesia upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.43 | |||
| Information Ratio | 0.0165 | |||
| Maximum Drawdown | 11.61 | |||
| Value At Risk | (2.45) | |||
| Potential Upside | 2.02 |
Multi Bintang Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Multi Bintang's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Multi Bintang's standard deviation. In reality, there are many statistical measures that can use Multi Bintang historical prices to predict the future Multi Bintang's volatility.| Risk Adjusted Performance | 0.0623 | |||
| Jensen Alpha | 0.1556 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0187 | |||
| Treynor Ratio | (0.27) |
Multi Bintang Indonesia Backtested Returns
As of now, Multi Stock is very steady. Multi Bintang Indonesia has Sharpe Ratio of 0.0796, which conveys that the firm had a 0.0796% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Multi Bintang, which you can use to evaluate the volatility of the firm. Please verify Multi Bintang's Risk Adjusted Performance of 0.0623, downside deviation of 1.43, and Mean Deviation of 0.8349 to check out if the risk estimate we provide is consistent with the expected return of 0.13%. Multi Bintang has a performance score of 6 on a scale of 0 to 100. The company secures a Beta (Market Risk) of -0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Multi Bintang are expected to decrease at a much lower rate. During the bear market, Multi Bintang is likely to outperform the market. Multi Bintang Indonesia right now secures a risk of 1.64%. Please verify Multi Bintang Indonesia standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Multi Bintang Indonesia will be following its current price movements.
Auto-correlation | 0.30 |
Below average predictability
Multi Bintang Indonesia has below average predictability. Overlapping area represents the amount of predictability between Multi Bintang time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Multi Bintang Indonesia price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Multi Bintang price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 2551.65 |
Multi Bintang Indonesia lagged returns against current returns
Autocorrelation, which is Multi Bintang 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 Multi Bintang's stock expected returns. We can calculate the autocorrelation of Multi Bintang returns to help us make a trade decision. For example, suppose you find that Multi Bintang 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 |
Multi Bintang 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 Multi Bintang stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Multi Bintang stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Multi Bintang stock over time.
Current vs Lagged Prices |
| Timeline |
Multi Bintang Lagged Returns
When evaluating Multi Bintang's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Multi Bintang stock have on its future price. Multi Bintang 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, Multi Bintang autocorrelation shows the relationship between Multi Bintang stock current value and its past values and can show if there is a momentum factor associated with investing in Multi Bintang Indonesia.
Regressed Prices |
| Timeline |
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Multi Bintang financial ratios help investors to determine whether Multi 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 Multi with respect to the benefits of owning Multi Bintang security.