HATTON NATIONAL (Sri Lanka) Market Value
| HNBX0000 | LKR 185.25 2.25 1.20% |
| Symbol | HATTON |
Please note, there is a significant difference between HATTON NATIONAL's value and its price as these two are different measures arrived at by different means. Investors typically determine if HATTON NATIONAL is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HATTON NATIONAL'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.
HATTON NATIONAL '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 HATTON NATIONAL'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 HATTON NATIONAL.
| 12/15/2022 |
| 12/04/2024 |
If you would invest 0.00 in HATTON NATIONAL on December 15, 2022 and sell it all today you would earn a total of 0.00 from holding HATTON NATIONAL BANK or generate 0.0% return on investment in HATTON NATIONAL over 720 days. More
HATTON NATIONAL 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 HATTON NATIONAL'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 HATTON NATIONAL BANK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.1836 | |||
| Maximum Drawdown | 9.16 | |||
| Value At Risk | (1.54) | |||
| Potential Upside | 4.27 |
HATTON NATIONAL Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HATTON NATIONAL's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HATTON NATIONAL's standard deviation. In reality, there are many statistical measures that can use HATTON NATIONAL historical prices to predict the future HATTON NATIONAL's volatility.| Risk Adjusted Performance | 0.1924 | |||
| Jensen Alpha | 0.4752 | |||
| Total Risk Alpha | 0.1932 | |||
| Sortino Ratio | 0.2689 | |||
| Treynor Ratio | (1.56) |
HATTON NATIONAL BANK Backtested Returns
HATTON NATIONAL appears to be very steady, given 3 months investment horizon. HATTON NATIONAL BANK holds Efficiency (Sharpe) Ratio of 0.33, which attests that the company had a 0.33% return per unit of volatility over the last 3 months. By examining HATTON NATIONAL's technical indicators, you can evaluate if the expected return of 0.61% is justified by implied risk. Please utilize HATTON NATIONAL's market risk adjusted performance of (1.55), and Semi Deviation of 0.8443 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HATTON NATIONAL holds a performance score of 26. The firm retains a Market Volatility (i.e., Beta) of -0.29, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning HATTON NATIONAL are expected to decrease at a much lower rate. During the bear market, HATTON NATIONAL is likely to outperform the market. Please check HATTON NATIONAL's sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to make a quick decision on whether HATTON NATIONAL's current trending patterns will revert.
Auto-correlation | 0.33 |
Below average predictability
HATTON NATIONAL BANK has below average predictability. Overlapping area represents the amount of predictability between HATTON NATIONAL time series from 15th of December 2022 to 10th of December 2023 and 10th of December 2023 to 4th 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 HATTON NATIONAL BANK price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current HATTON NATIONAL price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | 0.4 | |
| Residual Average | 0.0 | |
| Price Variance | 305.0 |
HATTON NATIONAL BANK lagged returns against current returns
Autocorrelation, which is HATTON NATIONAL 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 HATTON NATIONAL's stock expected returns. We can calculate the autocorrelation of HATTON NATIONAL returns to help us make a trade decision. For example, suppose you find that HATTON NATIONAL 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 |
HATTON NATIONAL 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 HATTON NATIONAL stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HATTON NATIONAL stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HATTON NATIONAL stock over time.
Current vs Lagged Prices |
| Timeline |
HATTON NATIONAL Lagged Returns
When evaluating HATTON NATIONAL's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HATTON NATIONAL stock have on its future price. HATTON NATIONAL 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, HATTON NATIONAL autocorrelation shows the relationship between HATTON NATIONAL stock current value and its past values and can show if there is a momentum factor associated with investing in HATTON NATIONAL BANK.
Regressed Prices |
| Timeline |
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HATTON NATIONAL financial ratios help investors to determine whether HATTON 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 HATTON with respect to the benefits of owning HATTON NATIONAL security.