Commercial Credit (Sri Lanka) Price on November 8, 2024
| COCRN0000 | LKR 47.40 0.90 1.94% |
If you're considering investing in Commercial Stock, it is important to understand the factors that can impact its price. As of today, the current price of Commercial Credit stands at 47.40, as last reported on the 14th of December 2024, with the highest price reaching 48.50 and the lowest price hitting 46.50 during the day. Commercial Credit appears to be very steady, given 3 months investment horizon. Commercial Credit secures Sharpe Ratio (or Efficiency) of 0.35, which signifies that the company had a 0.35% return per unit of risk over the last 3 months. By analyzing Commercial Credit's technical indicators, you can evaluate if the expected return of 0.69% is justified by implied risk. Please makes use of Commercial Credit's Mean Deviation of 1.57, risk adjusted performance of 0.2411, and Downside Deviation of 1.7 to double-check if our risk estimates are consistent with your expectations.
Commercial Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Commercial |
Sharpe Ratio = 0.3503
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Estimated Market Risk
| 1.97 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.69 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.35 actual daily | 27 73% of assets perform better |
Based on monthly moving average Commercial Credit is performing at about 27% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Commercial Credit by adding it to a well-diversified portfolio.
Commercial Credit Valuation on November 8, 2024
It is possible to determine the worth of Commercial Credit on a given historical date. On November 8, 2024 Commercial was worth 42.2 at the beginning of the trading date compared to the closed value of 41.6. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Commercial Credit stock. Still, in general, we apply an absolute valuation method to find Commercial Credit's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Commercial Credit where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Commercial Credit's related companies.
| Open | High | Low | Close | Volume | |
| 41.40 | 42.30 | 41.40 | 42.10 | 414,836 | |
11/08/2024 | 42.20 | 42.20 | 41.50 | 41.60 | 262,880 |
| 42.10 | 42.10 | 41.50 | 41.90 | 282,022 |
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Commercial Credit Trading Date Momentum on November 8, 2024
| On November 11 2024 Commercial Credit and was traded for 41.90 at the closing time. The highest price during the trading period was 42.10 and the lowest recorded bid was listed for 41.50 . The volume for the day was 282 K. This history from November 11, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.72% . The overall trading delta to the current price is 8.17% . |
About Commercial Credit Stock history
Commercial Credit investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Commercial is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Commercial Credit will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Commercial Credit stock prices may prove useful in developing a viable investing in Commercial Credit
Commercial Credit Stock Technical Analysis
Commercial Credit 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.
Price Boundaries
Commercial Credit Period Price Range
Low | December 14, 2024
| High |
0.00 | 0.00 |
Commercial Credit and cannot be verified against its exchange. Please verify the symbol is currently traded on Colombo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Commercial Credit December 14, 2024 Market Strength
Market strength indicators help investors to evaluate how Commercial Credit stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Commercial Credit shares will generate the highest return on investment. By undertsting and applying Commercial Credit stock market strength indicators, traders can identify Commercial Credit and entry and exit signals to maximize returns
Commercial Credit Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Commercial Credit's price direction in advance. Along with the technical and fundamental analysis of Commercial Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Commercial to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.2411 | |||
| Jensen Alpha | 0.6326 | |||
| Total Risk Alpha | 0.397 | |||
| Sortino Ratio | 0.329 | |||
| Treynor Ratio | 3.21 |
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| Volume Indicators |
Complementary Tools for Commercial Stock analysis
When running Commercial Credit's price analysis, check to measure Commercial Credit'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 Commercial Credit is operating at the current time. Most of Commercial Credit's value examination focuses on studying past and present price action to predict the probability of Commercial Credit's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Commercial Credit's price. Additionally, you may evaluate how the addition of Commercial Credit to your portfolios can decrease your overall portfolio volatility.
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| Instant Ratings Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |