Samindo Resources (Indonesia) Market Value
| MYOH Stock | IDR 2,050 30.00 1.44% |
| Symbol | Samindo |
Samindo Resources '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 Samindo Resources' 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 Samindo Resources.
| 04/03/2024 |
| 05/03/2024 |
If you would invest 0.00 in Samindo Resources on April 3, 2024 and sell it all today you would earn a total of 0.00 from holding Samindo Resources Tbk or generate 0.0% return on investment in Samindo Resources over 30 days. Samindo Resources is related to or competes with PT MNC, Tanah Laut, Indorama Synthetics, Fortune Mate, and Rig Tenders. PT Samindo Resources Tbk, through its subsidiaries, provides coal and other mining services primarily in Indonesia More
Samindo Resources 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 Samindo Resources' 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 Samindo Resources Tbk upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.8781 | |||
| Information Ratio | 0.0831 | |||
| Maximum Drawdown | 7.9 | |||
| Value At Risk | (1.44) | |||
| Potential Upside | 2.3 |
Samindo Resources Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Samindo Resources' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Samindo Resources' standard deviation. In reality, there are many statistical measures that can use Samindo Resources historical prices to predict the future Samindo Resources' volatility.| Risk Adjusted Performance | 0.0838 | |||
| Jensen Alpha | 0.1528 | |||
| Total Risk Alpha | 0.0635 | |||
| Sortino Ratio | 0.1349 | |||
| Treynor Ratio | 0.6863 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Samindo Resources' 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.
Samindo Resources Tbk Backtested Returns
Samindo Resources appears to be very steady, given 3 months investment horizon. Samindo Resources Tbk owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.15, which indicates the firm had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Samindo Resources Tbk, which you can use to evaluate the volatility of the company. Please review Samindo Resources' Coefficient Of Variation of 821.31, risk adjusted performance of 0.0838, and Semi Deviation of 0.5009 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Samindo Resources holds a performance score of 11. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Samindo Resources' returns are expected to increase less than the market. However, during the bear market, the loss of holding Samindo Resources is expected to be smaller as well. Please check Samindo Resources' sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Samindo Resources' existing price patterns will revert.
Auto-correlation | -0.17 |
Insignificant reverse predictability
Samindo Resources Tbk has insignificant reverse predictability. Overlapping area represents the amount of predictability between Samindo Resources time series from 3rd of April 2024 to 18th of April 2024 and 18th of April 2024 to 3rd 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 Samindo Resources Tbk price movement. The serial correlation of -0.17 indicates that over 17.0% of current Samindo Resources price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.17 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2920.14 |
Samindo Resources Tbk lagged returns against current returns
Autocorrelation, which is Samindo Resources 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 Samindo Resources' stock expected returns. We can calculate the autocorrelation of Samindo Resources returns to help us make a trade decision. For example, suppose you find that Samindo Resources 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 |
Samindo Resources 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 Samindo Resources stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Samindo Resources stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Samindo Resources stock over time.
Current vs Lagged Prices |
| Timeline |
Samindo Resources Lagged Returns
When evaluating Samindo Resources' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Samindo Resources stock have on its future price. Samindo Resources 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, Samindo Resources autocorrelation shows the relationship between Samindo Resources stock current value and its past values and can show if there is a momentum factor associated with investing in Samindo Resources Tbk.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Samindo Resources in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Samindo Resources' short interest history, or implied volatility extrapolated from Samindo Resources options trading.
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Complementary Tools for Samindo Stock analysis
When running Samindo Resources' price analysis, check to measure Samindo Resources' 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 Samindo Resources is operating at the current time. Most of Samindo Resources' value examination focuses on studying past and present price action to predict the probability of Samindo Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Samindo Resources' price. Additionally, you may evaluate how the addition of Samindo Resources to your portfolios can decrease your overall portfolio volatility.
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Samindo Resources 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.