Trinitan Metals (Indonesia) Market Value
| PURE Stock | IDR 51.00 0.00 0.00% |
| Symbol | Trinitan |
Trinitan 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 Trinitan 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 Trinitan Metals.
| 03/06/2024 |
| 06/04/2024 |
If you would invest 0.00 in Trinitan Metals on March 6, 2024 and sell it all today you would earn a total of 0.00 from holding Trinitan Metals and or generate 0.0% return on investment in Trinitan Metals over 90 days. Trinitan Metals is related to or competes with Garuda Metalindo, Indosterling Technomedia, Alumindo Light, Arkadia Digital, Equity Development, and Merdeka Copper. PT Trinitan Metals and Minerals Tbk, together with its subsidiaries, operates as a metal and mineral processing company ... More
Trinitan 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 Trinitan 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 Trinitan Metals and upside and downside potential and time the market with a certain degree of confidence.
Trinitan Metals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Trinitan Metals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Trinitan Metals' standard deviation. In reality, there are many statistical measures that can use Trinitan Metals historical prices to predict the future Trinitan Metals' volatility.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Trinitan 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.
Trinitan Metals Backtested Returns
We have found three technical indicators for Trinitan Metals and, which you can use to evaluate the volatility of the company. The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and Trinitan Metals are completely uncorrelated.
Auto-correlation | 0.00 |
No correlation between past and present
Trinitan Metals and has no correlation between past and present. Overlapping area represents the amount of predictability between Trinitan Metals time series from 6th of March 2024 to 20th of April 2024 and 20th of April 2024 to 4th of June 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 Trinitan Metals price movement. The serial correlation of 0.0 indicates that just 0.0% of current Trinitan 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 |
Trinitan Metals lagged returns against current returns
Autocorrelation, which is Trinitan 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 Trinitan Metals' stock expected returns. We can calculate the autocorrelation of Trinitan Metals returns to help us make a trade decision. For example, suppose you find that Trinitan 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 |
Trinitan 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 Trinitan Metals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Trinitan Metals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Trinitan Metals stock over time.
Current vs Lagged Prices |
| Timeline |
Trinitan Metals Lagged Returns
When evaluating Trinitan Metals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Trinitan Metals stock have on its future price. Trinitan 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, Trinitan Metals autocorrelation shows the relationship between Trinitan Metals stock current value and its past values and can show if there is a momentum factor associated with investing in Trinitan Metals and.
Regressed Prices |
| Timeline |
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Other Information on Investing in Trinitan Stock
Trinitan Metals financial ratios help investors to determine whether Trinitan 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 Trinitan with respect to the benefits of owning Trinitan Metals security.