| Year | Strat | JKSE | Δ |
|---|---|---|---|
| 2026* | +3.5% | -24.6% | +28.2% |
| 2025 | -3.1% | +22.1% | -25.3% |
| 2024* | -2.3% | -7.6% | +5.3% |
Indonesian commodity producers by EV/EBITDA reversion upside. Equal weight.
| Period | Strategy | ^JKSE | vs index |
|---|---|---|---|
| Day | -1.2% | -1.1% | -0.1% |
| Week | -3.4% | -2.4% | -1.0% |
| Month | +4.3% | +0.9% | +3.4% |
| # | Holding | Weight | Day | upside |
|---|---|---|---|---|
| 1 | SMGR EV/EBITDA mean-reversion upside +98%. | 16.7% | -4.2% | 98% |
| 2 | PTBA EV/EBITDA mean-reversion upside +69%. | 16.7% | -1.9% | 69% |
| 3 | ANTM EV/EBITDA mean-reversion upside -12%. | 16.7% | +2.5% | -12% |
| 4 | ADRO EV/EBITDA mean-reversion upside -95%. | 16.7% | -1.1% | -95% |
| 5 | INCO EV/EBITDA mean-reversion upside -95%. | 16.7% | -1.1% | -95% |
| 6 | PGAS EV/EBITDA mean-reversion upside -95%. | 16.7% | -1.3% | -95% |
| Rebalance | Signal | Holding | Price (IDR) | Weight | Result |
|---|---|---|---|---|---|
| 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.