Hotel Sigiriya (Sri Lanka) Market Value
| HSIGN0000 | 75.70 4.10 5.73% |
| Symbol | Hotel |
Please note, there is a significant difference between Hotel Sigiriya's value and its price as these two are different measures arrived at by different means. Investors typically determine if Hotel Sigiriya is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hotel Sigiriya'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.
Hotel Sigiriya '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 Hotel Sigiriya'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 Hotel Sigiriya.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Hotel Sigiriya on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Hotel Sigiriya PLC or generate 0.0% return on investment in Hotel Sigiriya over 30 days. More
Hotel Sigiriya 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 Hotel Sigiriya'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 Hotel Sigiriya PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.22 | |||
| Information Ratio | 0.2701 | |||
| Maximum Drawdown | 13.99 | |||
| Value At Risk | (3.23) | |||
| Potential Upside | 5.66 |
Hotel Sigiriya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hotel Sigiriya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hotel Sigiriya's standard deviation. In reality, there are many statistical measures that can use Hotel Sigiriya historical prices to predict the future Hotel Sigiriya's volatility.| Risk Adjusted Performance | 0.2278 | |||
| Jensen Alpha | 0.9215 | |||
| Total Risk Alpha | 0.5237 | |||
| Sortino Ratio | 0.3611 | |||
| Treynor Ratio | (2.85) |
Hotel Sigiriya PLC Backtested Returns
Hotel Sigiriya appears to be very steady, given 3 months investment horizon. Hotel Sigiriya PLC holds Efficiency (Sharpe) Ratio of 0.32, which attests that the entity had a 0.32% return per unit of risk over the last 3 months. By evaluating Hotel Sigiriya's technical indicators, you can evaluate if the expected return of 0.96% is justified by implied risk. Please utilize Hotel Sigiriya's Risk Adjusted Performance of 0.2278, market risk adjusted performance of (2.84), and Downside Deviation of 2.22 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Hotel Sigiriya holds a performance score of 24. The company retains a Market Volatility (i.e., Beta) of -0.31, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hotel Sigiriya are expected to decrease at a much lower rate. During the bear market, Hotel Sigiriya is likely to outperform the market. Please check Hotel Sigiriya's potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Hotel Sigiriya's current trending patterns will revert.
Auto-correlation | 0.77 |
Good predictability
Hotel Sigiriya PLC has good predictability. Overlapping area represents the amount of predictability between Hotel Sigiriya time series from 14th of November 2024 to 29th of November 2024 and 29th of November 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 Hotel Sigiriya PLC price movement. The serial correlation of 0.77 indicates that around 77.0% of current Hotel Sigiriya price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.77 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 6.81 |
Hotel Sigiriya PLC lagged returns against current returns
Autocorrelation, which is Hotel Sigiriya 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 Hotel Sigiriya's stock expected returns. We can calculate the autocorrelation of Hotel Sigiriya returns to help us make a trade decision. For example, suppose you find that Hotel Sigiriya 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 |
Hotel Sigiriya 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 Hotel Sigiriya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hotel Sigiriya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hotel Sigiriya stock over time.
Current vs Lagged Prices |
| Timeline |
Hotel Sigiriya Lagged Returns
When evaluating Hotel Sigiriya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hotel Sigiriya stock have on its future price. Hotel Sigiriya 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, Hotel Sigiriya autocorrelation shows the relationship between Hotel Sigiriya stock current value and its past values and can show if there is a momentum factor associated with investing in Hotel Sigiriya PLC.
Regressed Prices |
| Timeline |
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Hotel Sigiriya financial ratios help investors to determine whether Hotel 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 Hotel with respect to the benefits of owning Hotel Sigiriya security.