Buana Finance (Indonesia) Market Value
| BBLD Stock | IDR 570.00 5.00 0.87% |
| Symbol | Buana |
Buana Finance '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 Buana Finance'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 Buana Finance.
| 05/11/2022 |
| 04/30/2024 |
If you would invest 0.00 in Buana Finance on May 11, 2022 and sell it all today you would earn a total of 0.00 from holding Buana Finance Tbk or generate 0.0% return on investment in Buana Finance over 720 days. Buana Finance is related to or competes with Kawasan Industri, and Global Mediacom. PT Buana Finance Tbk provides investment, consumer, working capital, and multipurpose financing services in Indonesia More
Buana Finance 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 Buana Finance'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 Buana Finance Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 26.79 | |||
| Value At Risk | (7.02) | |||
| Potential Upside | 8.65 |
Buana Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Buana Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Buana Finance's standard deviation. In reality, there are many statistical measures that can use Buana Finance historical prices to predict the future Buana Finance's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.15) | |||
| Total Risk Alpha | (0.71) | |||
| Treynor Ratio | 1.05 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Buana Finance'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.
Buana Finance Tbk Backtested Returns
We consider Buana Finance very steady. Buana Finance Tbk secures Sharpe Ratio (or Efficiency) of 0.0128, which signifies that the company had a 0.0128% return per unit of standard deviation over the last 3 months. We have found twenty-four technical indicators for Buana Finance Tbk, which you can use to evaluate the volatility of the firm. Please confirm Buana Finance's mean deviation of 2.59, and Risk Adjusted Performance of (0.01) to double-check if the risk estimate we provide is consistent with the expected return of 0.0535%. Buana Finance has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Buana Finance are expected to decrease at a much lower rate. During the bear market, Buana Finance is likely to outperform the market. Buana Finance Tbk right now shows a risk of 4.19%. Please confirm Buana Finance Tbk market risk adjusted performance, coefficient of variation, jensen alpha, as well as the relationship between the mean deviation and standard deviation , to decide if Buana Finance Tbk will be following its price patterns.
Auto-correlation | 0.01 |
Virtually no predictability
Buana Finance Tbk has virtually no predictability. Overlapping area represents the amount of predictability between Buana Finance time series from 11th of May 2022 to 6th of May 2023 and 6th of May 2023 to 30th of April 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 Buana Finance Tbk price movement. The serial correlation of 0.01 indicates that just 1.0% of current Buana Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.21 | |
| Residual Average | 0.0 | |
| Price Variance | 11.2 K |
Buana Finance Tbk lagged returns against current returns
Autocorrelation, which is Buana Finance 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 Buana Finance's stock expected returns. We can calculate the autocorrelation of Buana Finance returns to help us make a trade decision. For example, suppose you find that Buana Finance 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 |
Buana Finance 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 Buana Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Buana Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Buana Finance stock over time.
Current vs Lagged Prices |
| Timeline |
Buana Finance Lagged Returns
When evaluating Buana Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Buana Finance stock have on its future price. Buana Finance 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, Buana Finance autocorrelation shows the relationship between Buana Finance stock current value and its past values and can show if there is a momentum factor associated with investing in Buana Finance Tbk.
Regressed Prices |
| Timeline |
Pair Trading with Buana Finance
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Buana Finance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Buana Finance will appreciate offsetting losses from the drop in the long position's value.Moving against Buana Stock
| 0.61 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.6 | BMRI | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.58 | BRIS | Bank BRISyariah Tbk | PairCorr |
| 0.53 | BNGA | Bank Cimb Niaga | PairCorr |
| 0.48 | BBRI | Bank Rakyat Indonesia | PairCorr |
The ability to find closely correlated positions to Buana Finance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Buana Finance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Buana Finance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Buana Finance Tbk to buy it.
The correlation of Buana Finance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Buana Finance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Buana Finance Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Buana Finance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Buana Finance Correlation, Buana Finance Volatility and Buana Finance Alpha and Beta module to complement your research on Buana Finance. You can also try the Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Buana Stock analysis
When running Buana Finance's price analysis, check to measure Buana Finance'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 Buana Finance is operating at the current time. Most of Buana Finance's value examination focuses on studying past and present price action to predict the probability of Buana Finance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Buana Finance's price. Additionally, you may evaluate how the addition of Buana Finance to your portfolios can decrease your overall portfolio volatility.
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Buana Finance 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.