Ceylinco Insurance (Sri Lanka) Market Value
| CINSN0000 | LKR 2,548 52.25 2.01% |
| Symbol | Ceylinco |
Please note, there is a significant difference between Ceylinco Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ceylinco Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ceylinco Insurance'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.
Ceylinco Insurance '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 Ceylinco Insurance'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 Ceylinco Insurance.
| 09/15/2024 |
| 12/14/2024 |
If you would invest 0.00 in Ceylinco Insurance on September 15, 2024 and sell it all today you would earn a total of 0.00 from holding Ceylinco Insurance PLC or generate 0.0% return on investment in Ceylinco Insurance over 90 days. More
Ceylinco Insurance 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 Ceylinco Insurance'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 Ceylinco Insurance PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.07 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.52 | |||
| Value At Risk | (3.20) | |||
| Potential Upside | 3.97 |
Ceylinco Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ceylinco Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ceylinco Insurance's standard deviation. In reality, there are many statistical measures that can use Ceylinco Insurance historical prices to predict the future Ceylinco Insurance's volatility.| Risk Adjusted Performance | 0.0235 | |||
| Jensen Alpha | (0) | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.0821 |
Ceylinco Insurance PLC Backtested Returns
Ceylinco Insurance appears to be very steady, given 3 months investment horizon. Ceylinco Insurance PLC secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ceylinco Insurance PLC, which you can use to evaluate the volatility of the firm. Please makes use of Ceylinco Insurance's Risk Adjusted Performance of 0.0235, downside deviation of 4.07, and Mean Deviation of 0.991 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ceylinco Insurance holds a performance score of 14. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Ceylinco Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ceylinco Insurance is expected to be smaller as well. Please check Ceylinco Insurance's downside variance, as well as the relationship between the accumulation distribution and market facilitation index , to make a quick decision on whether Ceylinco Insurance's price patterns will revert.
Auto-correlation | 0.34 |
Below average predictability
Ceylinco Insurance PLC has below average predictability. Overlapping area represents the amount of predictability between Ceylinco Insurance time series from 15th of September 2024 to 30th of October 2024 and 30th of October 2024 to 14th 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 Ceylinco Insurance PLC price movement. The serial correlation of 0.34 indicates that nearly 34.0% of current Ceylinco Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.34 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 1957.16 |
Ceylinco Insurance PLC lagged returns against current returns
Autocorrelation, which is Ceylinco Insurance 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 Ceylinco Insurance's stock expected returns. We can calculate the autocorrelation of Ceylinco Insurance returns to help us make a trade decision. For example, suppose you find that Ceylinco Insurance 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 |
Ceylinco Insurance 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 Ceylinco Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ceylinco Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ceylinco Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Ceylinco Insurance Lagged Returns
When evaluating Ceylinco Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ceylinco Insurance stock have on its future price. Ceylinco Insurance 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, Ceylinco Insurance autocorrelation shows the relationship between Ceylinco Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Ceylinco Insurance PLC.
Regressed Prices |
| Timeline |
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Ceylinco Insurance financial ratios help investors to determine whether Ceylinco 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 Ceylinco with respect to the benefits of owning Ceylinco Insurance security.