Surya Biru (Indonesia) Market Value
| SBMA Stock | 124.00 1.00 0.80% |
| Symbol | Surya |
Surya Biru '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 Surya Biru'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 Surya Biru.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Surya Biru on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Surya Biru Murni or generate 0.0% return on investment in Surya Biru over 30 days. Surya Biru is related to or competes with Indo Oil, Archi Indonesia, Nusa Palapa, Obm Drilchem, and PAM Mineral. More
Surya Biru 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 Surya Biru'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 Surya Biru Murni upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 5.5 | |||
| Value At Risk | (1.57) | |||
| Potential Upside | 2.38 |
Surya Biru Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Surya Biru's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Surya Biru's standard deviation. In reality, there are many statistical measures that can use Surya Biru historical prices to predict the future Surya Biru's volatility.| Risk Adjusted Performance | (0.0005) | |||
| Jensen Alpha | (0.0003) | |||
| Total Risk Alpha | (0.15) | |||
| Treynor Ratio | 0.0918 |
Surya Biru Murni Backtested Returns
Surya Biru Murni owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0406, which indicates the firm had a -0.0406% return per unit of risk over the last 3 months. Surya Biru Murni exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Surya Biru's Risk Adjusted Performance of (0.0005), variance of 1.24, and Coefficient Of Variation of (18,236) to confirm the risk estimate we provide. The entity has a beta of -0.18, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Surya Biru are expected to decrease at a much lower rate. During the bear market, Surya Biru is likely to outperform the market. At this point, Surya Biru Murni has a negative expected return of -0.0445%. Please make sure to validate Surya Biru's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Surya Biru Murni performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.32 |
Below average predictability
Surya Biru Murni has below average predictability. Overlapping area represents the amount of predictability between Surya Biru time series from 14th of November 2024 to 29th of November 2024 and 29th of November 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 Surya Biru Murni price movement. The serial correlation of 0.32 indicates that nearly 32.0% of current Surya Biru price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.32 | |
| Spearman Rank Test | -0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 0.26 |
Surya Biru Murni lagged returns against current returns
Autocorrelation, which is Surya Biru 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 Surya Biru's stock expected returns. We can calculate the autocorrelation of Surya Biru returns to help us make a trade decision. For example, suppose you find that Surya Biru 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 |
Surya Biru 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 Surya Biru stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Surya Biru stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Surya Biru stock over time.
Current vs Lagged Prices |
| Timeline |
Surya Biru Lagged Returns
When evaluating Surya Biru's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Surya Biru stock have on its future price. Surya Biru 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, Surya Biru autocorrelation shows the relationship between Surya Biru stock current value and its past values and can show if there is a momentum factor associated with investing in Surya Biru Murni.
Regressed Prices |
| Timeline |
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Surya Biru financial ratios help investors to determine whether Surya 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 Surya with respect to the benefits of owning Surya Biru security.