Lanka Realty (Sri Lanka) Market Value
| ASCON0000 | 11.60 0.20 1.69% |
| Symbol | Lanka |
Please note, there is a significant difference between Lanka Realty's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lanka Realty is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lanka Realty'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.
Lanka Realty '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 Lanka Realty'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 Lanka Realty.
| 12/24/2022 |
| 12/13/2024 |
If you would invest 0.00 in Lanka Realty on December 24, 2022 and sell it all today you would earn a total of 0.00 from holding Lanka Realty Investments or generate 0.0% return on investment in Lanka Realty over 720 days. More
Lanka Realty 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 Lanka Realty'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 Lanka Realty Investments upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.07 | |||
| Information Ratio | 0.052 | |||
| Maximum Drawdown | 13.56 | |||
| Value At Risk | (4.46) | |||
| Potential Upside | 7.48 |
Lanka Realty Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lanka Realty's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lanka Realty's standard deviation. In reality, there are many statistical measures that can use Lanka Realty historical prices to predict the future Lanka Realty's volatility.| Risk Adjusted Performance | 0.0689 | |||
| Jensen Alpha | 0.2367 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0522 | |||
| Treynor Ratio | 1.64 |
Lanka Realty Investments Backtested Returns
Lanka Realty appears to be somewhat reliable, given 3 months investment horizon. Lanka Realty Investments has Sharpe Ratio of 0.0845, which conveys that the firm had a 0.0845% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Lanka Realty, which you can use to evaluate the volatility of the firm. Please exercise Lanka Realty's Downside Deviation of 3.07, mean deviation of 2.31, and Risk Adjusted Performance of 0.0689 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lanka Realty holds a performance score of 6. The company secures a Beta (Market Risk) of 0.15, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lanka Realty's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lanka Realty is expected to be smaller as well. Please check Lanka Realty's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Lanka Realty's current price movements will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Lanka Realty Investments has poor reverse predictability. Overlapping area represents the amount of predictability between Lanka Realty time series from 24th of December 2022 to 19th of December 2023 and 19th of December 2023 to 13th 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 Lanka Realty Investments price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Lanka Realty price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 0.63 |
Lanka Realty Investments lagged returns against current returns
Autocorrelation, which is Lanka Realty 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 Lanka Realty's stock expected returns. We can calculate the autocorrelation of Lanka Realty returns to help us make a trade decision. For example, suppose you find that Lanka Realty 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 |
Lanka Realty 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 Lanka Realty stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lanka Realty stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lanka Realty stock over time.
Current vs Lagged Prices |
| Timeline |
Lanka Realty Lagged Returns
When evaluating Lanka Realty's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lanka Realty stock have on its future price. Lanka Realty 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, Lanka Realty autocorrelation shows the relationship between Lanka Realty stock current value and its past values and can show if there is a momentum factor associated with investing in Lanka Realty Investments.
Regressed Prices |
| Timeline |
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Lanka Realty financial ratios help investors to determine whether Lanka 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 Lanka with respect to the benefits of owning Lanka Realty security.