Ceylon Hospitals (Sri Lanka) Market Value
| CHLN0000 | LKR 118.25 4.25 3.73% |
| Symbol | Ceylon |
Please note, there is a significant difference between Ceylon Hospitals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ceylon Hospitals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ceylon Hospitals' 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.
Ceylon Hospitals '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 Ceylon Hospitals' 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 Ceylon Hospitals.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Ceylon Hospitals on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Ceylon Hospitals PLC or generate 0.0% return on investment in Ceylon Hospitals over 720 days. More
Ceylon Hospitals 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 Ceylon Hospitals' 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 Ceylon Hospitals PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.55 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 16.06 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 3.73 |
Ceylon Hospitals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ceylon Hospitals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ceylon Hospitals' standard deviation. In reality, there are many statistical measures that can use Ceylon Hospitals historical prices to predict the future Ceylon Hospitals' volatility.| Risk Adjusted Performance | 0.0091 | |||
| Jensen Alpha | (0.03) | |||
| Total Risk Alpha | (0.35) | |||
| Sortino Ratio | (0.05) | |||
| Treynor Ratio | (0.01) |
Ceylon Hospitals PLC Backtested Returns
Ceylon Hospitals PLC secures Sharpe Ratio (or Efficiency) of -0.0012, which signifies that the company had a -0.0012% return per unit of risk over the last 3 months. Ceylon Hospitals PLC exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Ceylon Hospitals' Risk Adjusted Performance of 0.0091, downside deviation of 2.55, and Mean Deviation of 1.04 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.25, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ceylon Hospitals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ceylon Hospitals is expected to be smaller as well. At this point, Ceylon Hospitals PLC has a negative expected return of -0.0019%. Please make sure to confirm Ceylon Hospitals' treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to decide if Ceylon Hospitals PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.04 |
Very weak reverse predictability
Ceylon Hospitals PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Ceylon Hospitals time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 to 12th 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 Ceylon Hospitals PLC price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Ceylon Hospitals price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.04 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 11.41 |
Ceylon Hospitals PLC lagged returns against current returns
Autocorrelation, which is Ceylon Hospitals 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 Ceylon Hospitals' stock expected returns. We can calculate the autocorrelation of Ceylon Hospitals returns to help us make a trade decision. For example, suppose you find that Ceylon Hospitals 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 |
Ceylon Hospitals 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 Ceylon Hospitals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ceylon Hospitals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ceylon Hospitals stock over time.
Current vs Lagged Prices |
| Timeline |
Ceylon Hospitals Lagged Returns
When evaluating Ceylon Hospitals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ceylon Hospitals stock have on its future price. Ceylon Hospitals 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, Ceylon Hospitals autocorrelation shows the relationship between Ceylon Hospitals stock current value and its past values and can show if there is a momentum factor associated with investing in Ceylon Hospitals PLC.
Regressed Prices |
| Timeline |
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Ceylon Hospitals financial ratios help investors to determine whether Ceylon 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 Ceylon with respect to the benefits of owning Ceylon Hospitals security.