Solusi Tunas (Indonesia) Market Value
| SUPR Stock | IDR 39,125 0.00 0.00% |
| Symbol | Solusi |
Solusi Tunas '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 Solusi Tunas' 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 Solusi Tunas.
| 03/12/2024 |
| 06/10/2024 |
If you would invest 0.00 in Solusi Tunas on March 12, 2024 and sell it all today you would earn a total of 0.00 from holding Solusi Tunas Pratama or generate 0.0% return on investment in Solusi Tunas over 90 days. Solusi Tunas is related to or competes with XL Axiata, Energi Mega, Medco Energi, Jakarta Int, Integra Indocabinet, Multistrada Arah, and Inocycle Technology. PT Solusi Tunas Pratama Tbk operates as an independent tower company in Indonesia More
Solusi Tunas 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 Solusi Tunas' 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 Solusi Tunas Pratama upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.18) | |||
| Maximum Drawdown | 1.88 |
Solusi Tunas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solusi Tunas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Solusi Tunas' standard deviation. In reality, there are many statistical measures that can use Solusi Tunas historical prices to predict the future Solusi Tunas' volatility.| Risk Adjusted Performance | (0.1) | |||
| Jensen Alpha | (0.04) | |||
| Total Risk Alpha | (0.04) | |||
| Treynor Ratio | 3.23 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Solusi Tunas' 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.
Solusi Tunas Pratama Backtested Returns
Solusi Tunas Pratama owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.14, which indicates the firm had a -0.14% return per unit of risk over the last 3 months. Solusi Tunas Pratama exposes sixteen different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Solusi Tunas' Risk Adjusted Performance of (0.1), variance of 0.0536, and Coefficient Of Variation of (786.25) to confirm the risk estimate we provide. The entity has a beta of -0.0122, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Solusi Tunas are expected to decrease at a much lower rate. During the bear market, Solusi Tunas is likely to outperform the market. At this point, Solusi Tunas Pratama has a negative expected return of -0.0381%. Please make sure to validate Solusi Tunas' treynor ratio, skewness, rate of daily change, as well as the relationship between the maximum drawdown and kurtosis , to decide if Solusi Tunas Pratama performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.00 |
No correlation between past and present
Solusi Tunas Pratama has no correlation between past and present. Overlapping area represents the amount of predictability between Solusi Tunas time series from 12th of March 2024 to 26th of April 2024 and 26th of April 2024 to 10th 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 Solusi Tunas Pratama price movement. The serial correlation of 0.0 indicates that just 0.0% of current Solusi Tunas price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Solusi Tunas Pratama lagged returns against current returns
Autocorrelation, which is Solusi Tunas 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 Solusi Tunas' stock expected returns. We can calculate the autocorrelation of Solusi Tunas returns to help us make a trade decision. For example, suppose you find that Solusi Tunas 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 |
Solusi Tunas 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 Solusi Tunas stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Solusi Tunas stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Solusi Tunas stock over time.
Current vs Lagged Prices |
| Timeline |
Solusi Tunas Lagged Returns
When evaluating Solusi Tunas' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Solusi Tunas stock have on its future price. Solusi Tunas 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, Solusi Tunas autocorrelation shows the relationship between Solusi Tunas stock current value and its past values and can show if there is a momentum factor associated with investing in Solusi Tunas Pratama.
Regressed Prices |
| Timeline |
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Other Information on Investing in Solusi Stock
Solusi Tunas financial ratios help investors to determine whether Solusi 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 Solusi with respect to the benefits of owning Solusi Tunas security.