Mahaweli Coconut (Sri Lanka) Market Value
| MCPLN0000 | LKR 35.00 0.40 1.16% |
| Symbol | Mahaweli |
Please note, there is a significant difference between Mahaweli Coconut's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mahaweli Coconut is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mahaweli Coconut'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.
Mahaweli Coconut '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 Mahaweli Coconut'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 Mahaweli Coconut.
| 11/14/2024 |
| 12/14/2024 |
If you would invest 0.00 in Mahaweli Coconut on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Mahaweli Coconut Plantations or generate 0.0% return on investment in Mahaweli Coconut over 30 days. More
Mahaweli Coconut 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 Mahaweli Coconut'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 Mahaweli Coconut Plantations upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.57 | |||
| Information Ratio | 0.0979 | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (4.14) | |||
| Potential Upside | 5.54 |
Mahaweli Coconut Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mahaweli Coconut's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mahaweli Coconut's standard deviation. In reality, there are many statistical measures that can use Mahaweli Coconut historical prices to predict the future Mahaweli Coconut's volatility.| Risk Adjusted Performance | 0.1034 | |||
| Jensen Alpha | 0.4204 | |||
| Total Risk Alpha | 0.0134 | |||
| Sortino Ratio | 0.1105 | |||
| Treynor Ratio | (0.74) |
Mahaweli Coconut Pla Backtested Returns
Mahaweli Coconut appears to be not too volatile, given 3 months investment horizon. Mahaweli Coconut Pla has Sharpe Ratio of 0.12, which conveys that the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Mahaweli Coconut, which you can use to evaluate the volatility of the firm. Please exercise Mahaweli Coconut's Mean Deviation of 1.89, risk adjusted performance of 0.1034, and Downside Deviation of 2.57 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mahaweli Coconut holds a performance score of 9. The company secures a Beta (Market Risk) of -0.51, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Mahaweli Coconut are expected to decrease at a much lower rate. During the bear market, Mahaweli Coconut is likely to outperform the market. Please check Mahaweli Coconut's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Mahaweli Coconut's current price movements will revert.
Auto-correlation | 0.07 |
Virtually no predictability
Mahaweli Coconut Plantations has virtually no predictability. Overlapping area represents the amount of predictability between Mahaweli Coconut 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 Mahaweli Coconut Pla price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Mahaweli Coconut price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.07 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.49 |
Mahaweli Coconut Pla lagged returns against current returns
Autocorrelation, which is Mahaweli Coconut 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 Mahaweli Coconut's stock expected returns. We can calculate the autocorrelation of Mahaweli Coconut returns to help us make a trade decision. For example, suppose you find that Mahaweli Coconut 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 |
Mahaweli Coconut 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 Mahaweli Coconut stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mahaweli Coconut stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mahaweli Coconut stock over time.
Current vs Lagged Prices |
| Timeline |
Mahaweli Coconut Lagged Returns
When evaluating Mahaweli Coconut's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mahaweli Coconut stock have on its future price. Mahaweli Coconut 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, Mahaweli Coconut autocorrelation shows the relationship between Mahaweli Coconut stock current value and its past values and can show if there is a momentum factor associated with investing in Mahaweli Coconut Plantations.
Regressed Prices |
| Timeline |
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Mahaweli Coconut financial ratios help investors to determine whether Mahaweli 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 Mahaweli with respect to the benefits of owning Mahaweli Coconut security.