Renuka City (Sri Lanka) Market Value
| RENUN0000 | LKR 400.75 6.75 1.66% |
| Symbol | Renuka |
Please note, there is a significant difference between Renuka City's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renuka City is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renuka City'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.
Renuka City '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 Renuka City'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 Renuka City.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Renuka City on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Renuka City Hotel or generate 0.0% return on investment in Renuka City over 30 days. More
Renuka City 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 Renuka City'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 Renuka City Hotel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.42 | |||
| Information Ratio | 0.0618 | |||
| Maximum Drawdown | 11.79 | |||
| Value At Risk | (2.80) | |||
| Potential Upside | 5.05 |
Renuka City Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renuka City's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renuka City's standard deviation. In reality, there are many statistical measures that can use Renuka City historical prices to predict the future Renuka City's volatility.| Risk Adjusted Performance | 0.0871 | |||
| Jensen Alpha | 0.1899 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0517 | |||
| Treynor Ratio | 0.7655 |
Renuka City Hotel Backtested Returns
Renuka City appears to be very steady, given 3 months investment horizon. Renuka City Hotel maintains Sharpe Ratio (i.e., Efficiency) of 0.12, which implies the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Renuka City Hotel, which you can use to evaluate the volatility of the company. Please evaluate Renuka City's Risk Adjusted Performance of 0.0871, coefficient of variation of 898.61, and Semi Deviation of 1.11 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Renuka City holds a performance score of 9. The company holds a Beta of 0.28, which implies not very significant fluctuations relative to the market. As returns on the market increase, Renuka City's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renuka City is expected to be smaller as well. Please check Renuka City's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Renuka City's historical price patterns will revert.
Auto-correlation | -0.42 |
Modest reverse predictability
Renuka City Hotel has modest reverse predictability. Overlapping area represents the amount of predictability between Renuka City time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Renuka City Hotel price movement. The serial correlation of -0.42 indicates that just about 42.0% of current Renuka City price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.42 | |
| Spearman Rank Test | -0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 35.78 |
Renuka City Hotel lagged returns against current returns
Autocorrelation, which is Renuka City 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 Renuka City's stock expected returns. We can calculate the autocorrelation of Renuka City returns to help us make a trade decision. For example, suppose you find that Renuka City 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 |
Renuka City 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 Renuka City stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renuka City stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renuka City stock over time.
Current vs Lagged Prices |
| Timeline |
Renuka City Lagged Returns
When evaluating Renuka City's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renuka City stock have on its future price. Renuka City 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, Renuka City autocorrelation shows the relationship between Renuka City stock current value and its past values and can show if there is a momentum factor associated with investing in Renuka City Hotel.
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 Renuka Stock
Renuka City financial ratios help investors to determine whether Renuka 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 Renuka with respect to the benefits of owning Renuka City security.