United Tractors Tbk Stock Market Value
| PUTKY Stock | USD 31.72 0.58 1.80% |
| Symbol | United |
United Tractors '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 United Tractors' pink sheet 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 United Tractors.
| 06/25/2024 |
| 12/22/2024 |
If you would invest 0.00 in United Tractors on June 25, 2024 and sell it all today you would earn a total of 0.00 from holding United Tractors Tbk or generate 0.0% return on investment in United Tractors over 180 days. PT United Tractors Tbk, together with its subsidiaries, sells and rents heavy equipment in Indonesia More
United Tractors 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 United Tractors' pink sheet 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 United Tractors Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 14.05 | |||
| Value At Risk | (4.00) | |||
| Potential Upside | 2.98 |
United Tractors Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for United Tractors' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as United Tractors' standard deviation. In reality, there are many statistical measures that can use United Tractors historical prices to predict the future United Tractors' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.1) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | (0.33) |
United Tractors Tbk Backtested Returns
United Tractors Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.05, which indicates the firm had a -0.05% return per unit of risk over the last 3 months. United Tractors Tbk exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate United Tractors' Risk Adjusted Performance of (0.02), coefficient of variation of (2,827), and Variance of 5.2 to confirm the risk estimate we provide. The entity has a beta of 0.27, which indicates not very significant fluctuations relative to the market. As returns on the market increase, United Tractors' returns are expected to increase less than the market. However, during the bear market, the loss of holding United Tractors is expected to be smaller as well. At this point, United Tractors Tbk has a negative expected return of -0.11%. Please make sure to validate United Tractors' standard deviation, potential upside, as well as the relationship between the Potential Upside and day median price , to decide if United Tractors Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.19 |
Insignificant reverse predictability
United Tractors Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between United Tractors time series from 25th of June 2024 to 23rd of September 2024 and 23rd of September 2024 to 22nd 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 United Tractors Tbk price movement. The serial correlation of -0.19 indicates that over 19.0% of current United Tractors price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.19 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.85 |
United Tractors Tbk lagged returns against current returns
Autocorrelation, which is United Tractors pink sheet'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 United Tractors' pink sheet expected returns. We can calculate the autocorrelation of United Tractors returns to help us make a trade decision. For example, suppose you find that United Tractors has exhibited high autocorrelation historically, and you observe that the pink sheet 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 |
United Tractors 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 United Tractors pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if United Tractors pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in United Tractors pink sheet over time.
Current vs Lagged Prices |
| Timeline |
United Tractors Lagged Returns
When evaluating United Tractors' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of United Tractors pink sheet have on its future price. United Tractors 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, United Tractors autocorrelation shows the relationship between United Tractors pink sheet current value and its past values and can show if there is a momentum factor associated with investing in United Tractors Tbk.
Regressed Prices |
| Timeline |
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for United Pink Sheet Analysis
When running United Tractors' price analysis, check to measure United Tractors' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy United Tractors is operating at the current time. Most of United Tractors' value examination focuses on studying past and present price action to predict the probability of United Tractors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move United Tractors' price. Additionally, you may evaluate how the addition of United Tractors to your portfolios can decrease your overall portfolio volatility.