ACL Cables (Sri Lanka) Market Value
| ACLN0000 | LKR 93.50 0.60 0.64% |
| Symbol | ACL |
Please note, there is a significant difference between ACL Cables' value and its price as these two are different measures arrived at by different means. Investors typically determine if ACL Cables is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ACL Cables' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
ACL Cables '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 ACL Cables' 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 ACL Cables.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in ACL Cables on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding ACL Cables PLC or generate 0.0% return on investment in ACL Cables over 30 days. More
ACL Cables 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 ACL Cables' 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 ACL Cables PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.0132 | |||
| Maximum Drawdown | 8.19 | |||
| Value At Risk | (2.30) | |||
| Potential Upside | 3.07 |
ACL Cables Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ACL Cables' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ACL Cables' standard deviation. In reality, there are many statistical measures that can use ACL Cables historical prices to predict the future ACL Cables' volatility.| Risk Adjusted Performance | 0.0836 | |||
| Jensen Alpha | 0.1542 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.016 | |||
| Treynor Ratio | (2.93) |
ACL Cables PLC Backtested Returns
ACL Cables appears to be very steady, given 3 months investment horizon. ACL Cables PLC secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for ACL Cables PLC, which you can use to evaluate the volatility of the entity. Please makes use of ACL Cables' Coefficient Of Variation of 972.28, downside deviation of 1.26, and Mean Deviation of 1.15 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ACL Cables holds a performance score of 16. The firm shows a Beta (market volatility) of -0.0504, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ACL Cables are expected to decrease at a much lower rate. During the bear market, ACL Cables is likely to outperform the market. Please check ACL Cables' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether ACL Cables' price patterns will revert.
Auto-correlation | -0.04 |
Very weak reverse predictability
ACL Cables PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between ACL Cables time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th of November 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 ACL Cables PLC price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current ACL Cables price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 0.18 |
ACL Cables PLC lagged returns against current returns
Autocorrelation, which is ACL Cables 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 ACL Cables' stock expected returns. We can calculate the autocorrelation of ACL Cables returns to help us make a trade decision. For example, suppose you find that ACL Cables 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 |
ACL Cables 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 ACL Cables stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ACL Cables stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ACL Cables stock over time.
Current vs Lagged Prices |
| Timeline |
ACL Cables Lagged Returns
When evaluating ACL Cables' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ACL Cables stock have on its future price. ACL Cables 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, ACL Cables autocorrelation shows the relationship between ACL Cables stock current value and its past values and can show if there is a momentum factor associated with investing in ACL Cables PLC.
Regressed Prices |
| Timeline |
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ACL Cables financial ratios help investors to determine whether ACL 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 ACL with respect to the benefits of owning ACL Cables security.