PEOPLES LEASING (Sri Lanka) Market Value
| PLCN0000 | LKR 15.00 0.30 2.04% |
| Symbol | PEOPLES |
Please note, there is a significant difference between PEOPLES LEASING's value and its price as these two are different measures arrived at by different means. Investors typically determine if PEOPLES LEASING is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PEOPLES LEASING'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.
PEOPLES LEASING '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 PEOPLES LEASING'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 PEOPLES LEASING.
| 09/15/2024 |
| 12/14/2024 |
If you would invest 0.00 in PEOPLES LEASING on September 15, 2024 and sell it all today you would earn a total of 0.00 from holding PEOPLES LEASING FINANCE or generate 0.0% return on investment in PEOPLES LEASING over 90 days. More
PEOPLES LEASING 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 PEOPLES LEASING'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 PEOPLES LEASING FINANCE upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.2343 | |||
| Maximum Drawdown | 6.18 | |||
| Value At Risk | (1.79) | |||
| Potential Upside | 3.36 |
PEOPLES LEASING Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PEOPLES LEASING's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PEOPLES LEASING's standard deviation. In reality, there are many statistical measures that can use PEOPLES LEASING historical prices to predict the future PEOPLES LEASING's volatility.| Risk Adjusted Performance | 0.2197 | |||
| Jensen Alpha | 0.5024 | |||
| Total Risk Alpha | 0.2704 | |||
| Sortino Ratio | 0.2782 | |||
| Treynor Ratio | (1.51) |
PEOPLES LEASING FINANCE Backtested Returns
PEOPLES LEASING appears to be not too volatile, given 3 months investment horizon. PEOPLES LEASING FINANCE maintains Sharpe Ratio (i.e., Efficiency) of 0.34, which implies the firm had a 0.34% return per unit of volatility over the last 3 months. By inspecting PEOPLES LEASING's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please evaluate PEOPLES LEASING's semi deviation of 0.749, and Risk Adjusted Performance of 0.2197 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PEOPLES LEASING holds a performance score of 26. The company holds a Beta of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PEOPLES LEASING are expected to decrease at a much lower rate. During the bear market, PEOPLES LEASING is likely to outperform the market. Please check PEOPLES LEASING's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether PEOPLES LEASING's historical price patterns will revert.
Auto-correlation | 0.61 |
Good predictability
PEOPLES LEASING FINANCE has good predictability. Overlapping area represents the amount of predictability between PEOPLES LEASING 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 PEOPLES LEASING FINANCE price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current PEOPLES LEASING price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.23 |
PEOPLES LEASING FINANCE lagged returns against current returns
Autocorrelation, which is PEOPLES LEASING 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 PEOPLES LEASING's stock expected returns. We can calculate the autocorrelation of PEOPLES LEASING returns to help us make a trade decision. For example, suppose you find that PEOPLES LEASING 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 |
PEOPLES LEASING 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 PEOPLES LEASING stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PEOPLES LEASING stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PEOPLES LEASING stock over time.
Current vs Lagged Prices |
| Timeline |
PEOPLES LEASING Lagged Returns
When evaluating PEOPLES LEASING's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PEOPLES LEASING stock have on its future price. PEOPLES LEASING 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, PEOPLES LEASING autocorrelation shows the relationship between PEOPLES LEASING stock current value and its past values and can show if there is a momentum factor associated with investing in PEOPLES LEASING FINANCE.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in PEOPLES Stock
PEOPLES LEASING financial ratios help investors to determine whether PEOPLES 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 PEOPLES with respect to the benefits of owning PEOPLES LEASING security.