HK Metals (Indonesia) Market Value
| HKMU Stock | 50.00 0.00 0.00% |
| Symbol | HKMU |
HK Metals '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 HK Metals' 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 HK Metals.
| 02/28/2024 |
| 05/28/2024 |
If you would invest 0.00 in HK Metals on February 28, 2024 and sell it all today you would earn a total of 0.00 from holding HK Metals Utama or generate 0.0% return on investment in HK Metals over 90 days. HK Metals is related to or competes with PT Indonesia, Wijaya Karya, Buyung Poetra, J Resources, and Steel Pipe. More
HK Metals 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 HK Metals' 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 HK Metals Utama upside and downside potential and time the market with a certain degree of confidence.
HK Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HK Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HK Metals' standard deviation. In reality, there are many statistical measures that can use HK Metals historical prices to predict the future HK Metals' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of HK Metals' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
HK Metals Utama Backtested Returns
We have found three technical indicators for HK Metals, which you can use to evaluate the volatility of the firm. The company owns a Beta (Systematic Risk) of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and HK Metals are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
HK Metals Utama has no correlation between past and present. Overlapping area represents the amount of predictability between HK Metals time series from 28th of February 2024 to 13th of April 2024 and 13th of April 2024 to 28th of May 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 HK Metals Utama price movement. The serial correlation of 0.0 indicates that just 0.0% of current HK Metals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
HK Metals Utama lagged returns against current returns
Autocorrelation, which is HK Metals 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 HK Metals' stock expected returns. We can calculate the autocorrelation of HK Metals returns to help us make a trade decision. For example, suppose you find that HK Metals 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 |
HK Metals 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 HK Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HK Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HK Metals stock over time.
Current vs Lagged Prices |
| Timeline |
HK Metals Lagged Returns
When evaluating HK Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HK Metals stock have on its future price. HK Metals 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, HK Metals autocorrelation shows the relationship between HK Metals stock current value and its past values and can show if there is a momentum factor associated with investing in HK Metals Utama.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
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Check out HK Metals Correlation, HK Metals Volatility and HK Metals Alpha and Beta module to complement your research on HK Metals. You can also try the Bonds Directory module to find actively traded corporate debentures issued by US companies.
Complementary Tools for HKMU Stock analysis
When running HK Metals' price analysis, check to measure HK Metals' 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 HK Metals is operating at the current time. Most of HK Metals' value examination focuses on studying past and present price action to predict the probability of HK Metals' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move HK Metals' price. Additionally, you may evaluate how the addition of HK Metals to your portfolios can decrease your overall portfolio volatility.
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HK Metals technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.