Asiri Surgical (Sri Lanka) Market Value
| AMSLN0000 | LKR 10.80 0.10 0.92% |
| Symbol | Asiri |
Please note, there is a significant difference between Asiri Surgical's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asiri Surgical is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asiri Surgical's 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.
Asiri Surgical '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 Asiri Surgical'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 Asiri Surgical.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Asiri Surgical on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Asiri Surgical Hospital or generate 0.0% return on investment in Asiri Surgical over 30 days. More
Asiri Surgical 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 Asiri Surgical'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 Asiri Surgical Hospital upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 7.28 | |||
| Value At Risk | (2.68) | |||
| Potential Upside | 2.75 |
Asiri Surgical Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asiri Surgical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asiri Surgical's standard deviation. In reality, there are many statistical measures that can use Asiri Surgical historical prices to predict the future Asiri Surgical's volatility.| Risk Adjusted Performance | 0.0016 | |||
| Jensen Alpha | (0.07) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.04) |
Asiri Surgical Hospital Backtested Returns
Asiri Surgical Hospital secures Sharpe Ratio (or Efficiency) of -0.0386, which signifies that the company had a -0.0386% return per unit of risk over the last 3 months. Asiri Surgical Hospital exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asiri Surgical's Risk Adjusted Performance of 0.0016, standard deviation of 1.83, and Mean Deviation of 1.44 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.59, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asiri Surgical's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asiri Surgical is expected to be smaller as well. At this point, Asiri Surgical Hospital has a negative expected return of -0.0726%. Please make sure to confirm Asiri Surgical's maximum drawdown, as well as the relationship between the accumulation distribution and market facilitation index , to decide if Asiri Surgical Hospital performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.16 |
Very weak predictability
Asiri Surgical Hospital has very weak predictability. Overlapping area represents the amount of predictability between Asiri Surgical time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th of December 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 Asiri Surgical Hospital price movement. The serial correlation of 0.16 indicates that over 16.0% of current Asiri Surgical price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Asiri Surgical Hospital lagged returns against current returns
Autocorrelation, which is Asiri Surgical 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 Asiri Surgical's stock expected returns. We can calculate the autocorrelation of Asiri Surgical returns to help us make a trade decision. For example, suppose you find that Asiri Surgical 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 |
Asiri Surgical 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 Asiri Surgical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asiri Surgical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asiri Surgical stock over time.
Current vs Lagged Prices |
| Timeline |
Asiri Surgical Lagged Returns
When evaluating Asiri Surgical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asiri Surgical stock have on its future price. Asiri Surgical 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, Asiri Surgical autocorrelation shows the relationship between Asiri Surgical stock current value and its past values and can show if there is a momentum factor associated with investing in Asiri Surgical Hospital.
Regressed Prices |
| Timeline |
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Asiri Surgical financial ratios help investors to determine whether Asiri 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 Asiri with respect to the benefits of owning Asiri Surgical security.