PT Trimuda (Indonesia) Market Value
| TNCA Stock | 222.00 14.00 5.93% |
| Symbol | TNCA |
PT Trimuda '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 PT Trimuda'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 PT Trimuda.
| 09/16/2024 |
| 12/15/2024 |
If you would invest 0.00 in PT Trimuda on September 16, 2024 and sell it all today you would earn a total of 0.00 from holding PT Trimuda Nuansa or generate 0.0% return on investment in PT Trimuda over 90 days. PT Trimuda is related to or competes with Jasa Armada, Cikarang Listrindo, Mitra Pinasthika, Wijaya Karya, and Puradelta Lestari. More
PT Trimuda 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 PT Trimuda'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 PT Trimuda Nuansa upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 40.58 | |||
| Value At Risk | (11.06) | |||
| Potential Upside | 13.73 |
PT Trimuda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PT Trimuda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PT Trimuda's standard deviation. In reality, there are many statistical measures that can use PT Trimuda historical prices to predict the future PT Trimuda's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.69) | |||
| Total Risk Alpha | (1.68) | |||
| Treynor Ratio | (2.64) |
PT Trimuda Nuansa Backtested Returns
PT Trimuda Nuansa retains Efficiency (Sharpe Ratio) of -0.0821, which implies the firm had a -0.0821% return per unit of price deviation over the last 3 months. PT Trimuda exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check PT Trimuda's information ratio of (0.09), and Market Risk Adjusted Performance of (2.63) to confirm the risk estimate we provide. The company owns a Beta (Systematic Risk) of 0.25, which implies not very significant fluctuations relative to the market. As returns on the market increase, PT Trimuda's returns are expected to increase less than the market. However, during the bear market, the loss of holding PT Trimuda is expected to be smaller as well. At this point, PT Trimuda Nuansa has a negative expected return of -0.68%. Please make sure to check PT Trimuda's market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if PT Trimuda Nuansa performance from the past will be repeated at some future date.
Auto-correlation | 0.26 |
Poor predictability
PT Trimuda Nuansa has poor predictability. Overlapping area represents the amount of predictability between PT Trimuda time series from 16th of September 2024 to 31st of October 2024 and 31st of October 2024 to 15th 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 PT Trimuda Nuansa price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current PT Trimuda price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 544.06 |
PT Trimuda Nuansa lagged returns against current returns
Autocorrelation, which is PT Trimuda 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 PT Trimuda's stock expected returns. We can calculate the autocorrelation of PT Trimuda returns to help us make a trade decision. For example, suppose you find that PT Trimuda 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 |
PT Trimuda 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 PT Trimuda stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PT Trimuda stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PT Trimuda stock over time.
Current vs Lagged Prices |
| Timeline |
PT Trimuda Lagged Returns
When evaluating PT Trimuda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PT Trimuda stock have on its future price. PT Trimuda 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, PT Trimuda autocorrelation shows the relationship between PT Trimuda stock current value and its past values and can show if there is a momentum factor associated with investing in PT Trimuda Nuansa.
Regressed Prices |
| Timeline |
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PT Trimuda financial ratios help investors to determine whether TNCA 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 TNCA with respect to the benefits of owning PT Trimuda security.