| Year | Strat | JKSE | Δ |
|---|---|---|---|
| 2026 | -9.2% | -40.3% | +31.0% |
| 2025 | +18.5% | +22.1% | -3.6% |
| 2024 | -2.3% | -7.6% | +5.3% |
Indonesian commodity producers by EV/EBITDA reversion upside. Equal weight.
| Period | Strategy | ^JKSE | vs index |
|---|---|---|---|
| Day | +0.6% | +1.0% | -0.4% |
| Week | +11.8% | +4.9% | +6.9% |
| Month | -9.3% | -14.7% | +5.4% |
| Holding | Weight | Day | upside |
|---|---|---|---|
| ADRO EV/EBITDA mean-reversion upside -95%. | 16.7% | +0.8% | -95% |
| ANTM EV/EBITDA mean-reversion upside -95%. | 16.7% | +0.7% | -95% |
| INCO EV/EBITDA mean-reversion upside -95%. | 16.7% | -1.3% | -95% |
| PGAS EV/EBITDA mean-reversion upside -95%. | 16.7% | -1.1% | -95% |
| PTBA EV/EBITDA mean-reversion upside -95%. | 16.7% | +3.1% | -95% |
| SMGR EV/EBITDA mean-reversion upside -95%. | 16.7% | +1.1% | -95% |
| Rebalance | Signal | Holding | Price (IDR) | Weight | Result |
|---|---|---|---|---|---|
| 2 Oct 2026 | Sell | TPIA Chandra Asri Pacific dropped out of the top ranking (entry score was -95%) | 1 700 | — | -7.4% |
| 18 Sep 2026 | Buy | TPIA Chandra Asri Pacific EV/EBITDA mean-reversion upside -95%. | 1 835 | 14.3% | — |
| 12 Jul 2026 | Sell | TPIA Chandra Asri Pacific dropped out of the top ranking (entry score was -95%) | 1 890 | — | -5.3% |
| 16 Jun 2026 | Buy | PGAS Perusahaan Gas Negara EV/EBITDA mean-reversion upside -95%. | 1 565 | 14.3% | — |
| Buy | TPIA Chandra Asri Pacific EV/EBITDA mean-reversion upside -95%. | 1 995 | 14.3% | — | |
| 15 Jun 2026 initial book | Buy | SMGR Semen Indonesia EV/EBITDA mean-reversion upside +80%. | 1 555 | 20.0% | — |
| Buy | PTBA Bukit Asam EV/EBITDA mean-reversion upside +23%. | 2 503 | 20.0% | — | |
| Buy | ANTM Aneka Tambang EV/EBITDA mean-reversion upside +2%. | 2 917 | 20.0% | — | |
| Buy | ADRO Alamtri Resources Indonesia EV/EBITDA mean-reversion upside -95%. | 2 320 | 20.0% | — | |
| Buy | INCO Vale Indonesia EV/EBITDA mean-reversion upside -95%. | 5 075 | 20.0% | — |
Prices are the frozen close on the signal date — the price at which the live paper-book starts (buy) or stops (sell) holding the position. Sell result is the price change from the position's own buy signal, dividends not included.