Obm Drilchem (Indonesia) Market Value
| OBMD Stock | 222.00 2.00 0.91% |
| Symbol | Obm |
Obm Drilchem '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 Obm Drilchem'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 Obm Drilchem.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Obm Drilchem on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Obm Drilchem PT or generate 0.0% return on investment in Obm Drilchem over 180 days. Obm Drilchem is related to or competes with RMK Energy, PT Hasnur, Surya Biru, PAM Mineral, and Jaya Swarasa. More
Obm Drilchem 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 Obm Drilchem'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 Obm Drilchem PT upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 9.62 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.55 |
Obm Drilchem Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Obm Drilchem's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Obm Drilchem's standard deviation. In reality, there are many statistical measures that can use Obm Drilchem historical prices to predict the future Obm Drilchem's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.31) | |||
| Treynor Ratio | 0.1309 |
Obm Drilchem PT Backtested Returns
Obm Drilchem PT maintains Sharpe Ratio (i.e., Efficiency) of -0.0412, which implies the firm had a -0.0412% return per unit of risk over the last 3 months. Obm Drilchem PT exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Obm Drilchem's Risk Adjusted Performance of (0.02), variance of 3.52, and Coefficient Of Variation of (3,008) to confirm the risk estimate we provide. The company holds a Beta of -0.55, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Obm Drilchem are expected to decrease at a much lower rate. During the bear market, Obm Drilchem is likely to outperform the market. At this point, Obm Drilchem PT has a negative expected return of -0.0789%. Please make sure to check Obm Drilchem's value at risk, skewness, and the relationship between the maximum drawdown and potential upside , to decide if Obm Drilchem PT performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
Obm Drilchem PT has virtually no predictability. Overlapping area represents the amount of predictability between Obm Drilchem time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Obm Drilchem PT price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Obm Drilchem price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 140.5 |
Obm Drilchem PT lagged returns against current returns
Autocorrelation, which is Obm Drilchem 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 Obm Drilchem's stock expected returns. We can calculate the autocorrelation of Obm Drilchem returns to help us make a trade decision. For example, suppose you find that Obm Drilchem 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 |
Obm Drilchem 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 Obm Drilchem stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Obm Drilchem stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Obm Drilchem stock over time.
Current vs Lagged Prices |
| Timeline |
Obm Drilchem Lagged Returns
When evaluating Obm Drilchem's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Obm Drilchem stock have on its future price. Obm Drilchem 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, Obm Drilchem autocorrelation shows the relationship between Obm Drilchem stock current value and its past values and can show if there is a momentum factor associated with investing in Obm Drilchem PT.
Regressed Prices |
| Timeline |
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Obm Drilchem financial ratios help investors to determine whether Obm 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 Obm with respect to the benefits of owning Obm Drilchem security.