Mitra Pinasthika (Indonesia) Market Value
| MPMX Stock | IDR 990.00 5.00 0.50% |
| Symbol | Mitra |
Mitra Pinasthika '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 Mitra Pinasthika'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 Mitra Pinasthika.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Mitra Pinasthika on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Mitra Pinasthika Mustika or generate 0.0% return on investment in Mitra Pinasthika over 180 days. Mitra Pinasthika is related to or competes with Saratoga Investama, Puradelta Lestari, Cikarang Listrindo, Erajaya Swasembada, and Link Net. More
Mitra Pinasthika 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 Mitra Pinasthika'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 Mitra Pinasthika Mustika upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.31) | |||
| Maximum Drawdown | 2.48 | |||
| Value At Risk | (0.98) | |||
| Potential Upside | 0.5076 |
Mitra Pinasthika Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mitra Pinasthika's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mitra Pinasthika's standard deviation. In reality, there are many statistical measures that can use Mitra Pinasthika historical prices to predict the future Mitra Pinasthika's volatility.| Risk Adjusted Performance | (0.06) | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.14) | |||
| Treynor Ratio | (0.46) |
Mitra Pinasthika Mustika Backtested Returns
Mitra Pinasthika Mustika has Sharpe Ratio of -0.13, which conveys that the firm had a -0.13% return per unit of risk over the last 3 months. Mitra Pinasthika exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Mitra Pinasthika's Standard Deviation of 0.5476, mean deviation of 0.4153, and Risk Adjusted Performance of (0.06) to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.12, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Mitra Pinasthika's returns are expected to increase less than the market. However, during the bear market, the loss of holding Mitra Pinasthika is expected to be smaller as well. At this point, Mitra Pinasthika Mustika has a negative expected return of -0.0691%. Please make sure to verify Mitra Pinasthika's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Mitra Pinasthika Mustika performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.74 |
Almost perfect reverse predictability
Mitra Pinasthika Mustika has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Mitra Pinasthika time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th of November 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 Mitra Pinasthika Mustika price movement. The serial correlation of -0.74 indicates that around 74.0% of current Mitra Pinasthika price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.74 | |
| Spearman Rank Test | -0.68 | |
| Residual Average | 0.0 | |
| Price Variance | 290.07 |
Mitra Pinasthika Mustika lagged returns against current returns
Autocorrelation, which is Mitra Pinasthika 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 Mitra Pinasthika's stock expected returns. We can calculate the autocorrelation of Mitra Pinasthika returns to help us make a trade decision. For example, suppose you find that Mitra Pinasthika 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 |
Mitra Pinasthika 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 Mitra Pinasthika stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mitra Pinasthika stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mitra Pinasthika stock over time.
Current vs Lagged Prices |
| Timeline |
Mitra Pinasthika Lagged Returns
When evaluating Mitra Pinasthika's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mitra Pinasthika stock have on its future price. Mitra Pinasthika 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, Mitra Pinasthika autocorrelation shows the relationship between Mitra Pinasthika stock current value and its past values and can show if there is a momentum factor associated with investing in Mitra Pinasthika Mustika.
Regressed Prices |
| Timeline |
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Mitra Pinasthika financial ratios help investors to determine whether Mitra 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 Mitra with respect to the benefits of owning Mitra Pinasthika security.