RMK Energy (Indonesia) Market Value

RMKE Stock   515.00  5.00  0.96%   
RMK Energy's market value is the price at which a share of RMK Energy trades on a public exchange. It measures the collective expectations of RMK Energy PT investors about its performance. RMK Energy is selling for 515.00 as of the 14th of December 2024. This is a 0.96 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 515.0.
With this module, you can estimate the performance of a buy and hold strategy of RMK Energy PT and determine expected loss or profit from investing in RMK Energy over a given investment horizon. Check out RMK Energy Correlation, RMK Energy Volatility and RMK Energy Alpha and Beta module to complement your research on RMK Energy.
Symbol

Please note, there is a significant difference between RMK Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if RMK Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RMK Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

RMK Energy '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 RMK Energy'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 RMK Energy.
0.00
09/15/2024
No Change 0.00  0.0 
In 3 months and 1 day
12/14/2024
0.00
If you would invest  0.00  in RMK Energy on September 15, 2024 and sell it all today you would earn a total of 0.00 from holding RMK Energy PT or generate 0.0% return on investment in RMK Energy over 90 days. RMK Energy is related to or competes with Bank Artos, GoTo Gojek, Elang Mahkota, PT Bukalapak, and Merdeka Copper. More

RMK Energy 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 RMK Energy'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 RMK Energy PT upside and downside potential and time the market with a certain degree of confidence.

RMK Energy Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for RMK Energy's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as RMK Energy's standard deviation. In reality, there are many statistical measures that can use RMK Energy historical prices to predict the future RMK Energy's volatility.
Hype
Prediction
LowEstimatedHigh
512.96515.00517.04
Details
Intrinsic
Valuation
LowRealHigh
463.50535.00537.04
Details

RMK Energy PT Backtested Returns

RMK Energy PT maintains Sharpe Ratio (i.e., Efficiency) of -0.076, which implies the firm had a -0.076% return per unit of volatility over the last 3 months. RMK Energy PT exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check RMK Energy's coefficient of variation of (1,073), and Risk Adjusted Performance of (0.06) to confirm the risk estimate we provide. The company holds a Beta of 0.68, which implies possible diversification benefits within a given portfolio. As returns on the market increase, RMK Energy's returns are expected to increase less than the market. However, during the bear market, the loss of holding RMK Energy is expected to be smaller as well. At this point, RMK Energy PT has a negative expected return of -0.15%. Please make sure to check RMK Energy's treynor ratio, potential upside, and the relationship between the total risk alpha and maximum drawdown , to decide if RMK Energy PT performance from the past will be repeated at future time.

Auto-correlation

    
  -0.12  

Insignificant reverse predictability

RMK Energy PT has insignificant reverse predictability. Overlapping area represents the amount of predictability between RMK Energy time series from 15th of September 2024 to 30th of October 2024 and 30th of October 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 RMK Energy PT price movement. The serial correlation of -0.12 indicates that less than 12.0% of current RMK Energy price fluctuation can be explain by its past prices.
Correlation Coefficient-0.12
Spearman Rank Test-0.33
Residual Average0.0
Price Variance103.13

RMK Energy PT lagged returns against current returns

Autocorrelation, which is RMK Energy 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 RMK Energy's stock expected returns. We can calculate the autocorrelation of RMK Energy returns to help us make a trade decision. For example, suppose you find that RMK Energy 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  

RMK Energy 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 RMK Energy stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if RMK Energy stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in RMK Energy stock over time.
   Current vs Lagged Prices   
       Timeline  

RMK Energy Lagged Returns

When evaluating RMK Energy's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of RMK Energy stock have on its future price. RMK Energy 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, RMK Energy autocorrelation shows the relationship between RMK Energy stock current value and its past values and can show if there is a momentum factor associated with investing in RMK Energy PT.
   Regressed Prices   
       Timeline  

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Other Information on Investing in RMK Stock

RMK Energy financial ratios help investors to determine whether RMK 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 RMK with respect to the benefits of owning RMK Energy security.