Nusa Raya (Indonesia) Market Value
| NRCA Stock | IDR 350.00 2.00 0.57% |
| Symbol | Nusa |
Nusa Raya '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 Nusa Raya'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 Nusa Raya.
| 06/21/2024 |
| 12/18/2024 |
If you would invest 0.00 in Nusa Raya on June 21, 2024 and sell it all today you would earn a total of 0.00 from holding Nusa Raya Cipta or generate 0.0% return on investment in Nusa Raya over 180 days. Nusa Raya is related to or competes with PT Indonesia, Surya Toto, Mitra Pinasthika, Integra Indocabinet, Multistrada Arah, Bhuwanatala Indah, and Mitrabara Adiperdana. More
Nusa Raya 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 Nusa Raya'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 Nusa Raya Cipta upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 14.52 | |||
| Value At Risk | (4.08) | |||
| Potential Upside | 5.03 |
Nusa Raya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nusa Raya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nusa Raya's standard deviation. In reality, there are many statistical measures that can use Nusa Raya historical prices to predict the future Nusa Raya's volatility.| Risk Adjusted Performance | 0.0013 | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.23) | |||
| Treynor Ratio | (0.08) |
Nusa Raya Cipta Backtested Returns
Nusa Raya Cipta has Sharpe Ratio of -0.0082, which conveys that the firm had a -0.0082% return per unit of risk over the last 3 months. Nusa Raya exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Nusa Raya's Mean Deviation of 1.6, standard deviation of 2.53, and Risk Adjusted Performance of 0.0013 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.38, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Nusa Raya's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nusa Raya is expected to be smaller as well. At this point, Nusa Raya Cipta has a negative expected return of -0.0211%. Please make sure to verify Nusa Raya's skewness, accumulation distribution, and the relationship between the potential upside and kurtosis , to decide if Nusa Raya Cipta performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.27 |
Weak reverse predictability
Nusa Raya Cipta has weak reverse predictability. Overlapping area represents the amount of predictability between Nusa Raya time series from 21st of June 2024 to 19th of September 2024 and 19th of September 2024 to 18th 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 Nusa Raya Cipta price movement. The serial correlation of -0.27 indicates that nearly 27.0% of current Nusa Raya price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.27 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 671.86 |
Nusa Raya Cipta lagged returns against current returns
Autocorrelation, which is Nusa Raya 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 Nusa Raya's stock expected returns. We can calculate the autocorrelation of Nusa Raya returns to help us make a trade decision. For example, suppose you find that Nusa Raya 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 |
Nusa Raya 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 Nusa Raya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nusa Raya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nusa Raya stock over time.
Current vs Lagged Prices |
| Timeline |
Nusa Raya Lagged Returns
When evaluating Nusa Raya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nusa Raya stock have on its future price. Nusa Raya 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, Nusa Raya autocorrelation shows the relationship between Nusa Raya stock current value and its past values and can show if there is a momentum factor associated with investing in Nusa Raya Cipta.
Regressed Prices |
| Timeline |
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Nusa Raya financial ratios help investors to determine whether Nusa 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 Nusa with respect to the benefits of owning Nusa Raya security.