Optima Prima (Indonesia) Market Value
| OPMS Stock | IDR 64.00 1.00 1.59% |
| Symbol | Optima |
Optima Prima '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 Optima Prima'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 Optima Prima.
| 05/01/2024 |
| 05/31/2024 |
If you would invest 0.00 in Optima Prima on May 1, 2024 and sell it all today you would earn a total of 0.00 from holding Optima Prima Metal or generate 0.0% return on investment in Optima Prima over 30 days. Optima Prima is related to or competes with Nusantara Almazia, Sentral Mitra, Mitra Pinasthika, Jakarta Int, Integra Indocabinet, Indosat Tbk, and Multistrada Arah. PT Optima Prima Metal Sinergi Tbk engages in the metal scrap trading business in Indonesia More
Optima Prima 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 Optima Prima'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 Optima Prima Metal upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.1439 | |||
| Maximum Drawdown | 14.78 | |||
| Value At Risk | (1.89) | |||
| Potential Upside | 1.96 |
Optima Prima Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Optima Prima's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Optima Prima's standard deviation. In reality, there are many statistical measures that can use Optima Prima historical prices to predict the future Optima Prima's volatility.| Risk Adjusted Performance | 0.1012 | |||
| Jensen Alpha | 0.2905 | |||
| Total Risk Alpha | 0.2558 | |||
| Sortino Ratio | 0.1197 | |||
| Treynor Ratio | 0.4129 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Optima Prima's 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.
Optima Prima Metal Backtested Returns
Optima Prima appears to be very steady, given 3 months investment horizon. Optima Prima Metal maintains Sharpe Ratio (i.e., Efficiency) of 0.17, which implies the firm had a 0.17% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Optima Prima Metal, which you can use to evaluate the volatility of the company. Please evaluate Optima Prima's Coefficient Of Variation of 642.2, risk adjusted performance of 0.1012, and Semi Deviation of 1.17 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Optima Prima holds a performance score of 13. The company holds a Beta of 0.73, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Optima Prima's returns are expected to increase less than the market. However, during the bear market, the loss of holding Optima Prima is expected to be smaller as well. Please check Optima Prima's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether Optima Prima's historical price patterns will revert.
Auto-correlation | 0.29 |
Poor predictability
Optima Prima Metal has poor predictability. Overlapping area represents the amount of predictability between Optima Prima time series from 1st of May 2024 to 16th of May 2024 and 16th of May 2024 to 31st 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 Optima Prima Metal price movement. The serial correlation of 0.29 indicates that nearly 29.0% of current Optima Prima price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 3.95 |
Optima Prima Metal lagged returns against current returns
Autocorrelation, which is Optima Prima 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 Optima Prima's stock expected returns. We can calculate the autocorrelation of Optima Prima returns to help us make a trade decision. For example, suppose you find that Optima Prima 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 |
Optima Prima 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 Optima Prima stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Optima Prima stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Optima Prima stock over time.
Current vs Lagged Prices |
| Timeline |
Optima Prima Lagged Returns
When evaluating Optima Prima's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Optima Prima stock have on its future price. Optima Prima 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, Optima Prima autocorrelation shows the relationship between Optima Prima stock current value and its past values and can show if there is a momentum factor associated with investing in Optima Prima Metal.
Regressed Prices |
| Timeline |
Becoming a Better Investor with Macroaxis
Macroaxis puts the power of mathematics on your side. We analyze your portfolios and positions such as Optima Prima Metal using complex mathematical models and algorithms, but make them easy to understand. There is no real person involved in your portfolio analysis. We perform a number of calculations to compute absolute and relative portfolio volatility, correlation between your assets, value at risk, expected return as well as over 100 different fundamental and technical indicators.Build Optimal Portfolios
Align your risk with return expectations
Check out Optima Prima Correlation, Optima Prima Volatility and Optima Prima Alpha and Beta module to complement your research on Optima Prima. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for Optima Stock analysis
When running Optima Prima's price analysis, check to measure Optima Prima's 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 Optima Prima is operating at the current time. Most of Optima Prima's value examination focuses on studying past and present price action to predict the probability of Optima Prima's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Optima Prima's price. Additionally, you may evaluate how the addition of Optima Prima to your portfolios can decrease your overall portfolio volatility.
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios |
Optima Prima 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.