Tangerine Beach (Sri Lanka) Market Value
| TANGN0000 | LKR 72.30 1.00 1.36% |
| Symbol | Tangerine |
Please note, there is a significant difference between Tangerine Beach's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tangerine Beach is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tangerine Beach'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.
Tangerine Beach '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 Tangerine Beach'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 Tangerine Beach.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Tangerine Beach on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Tangerine Beach Hotels or generate 0.0% return on investment in Tangerine Beach over 390 days. More
Tangerine Beach 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 Tangerine Beach'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 Tangerine Beach Hotels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.0789 | |||
| Maximum Drawdown | 16.85 | |||
| Value At Risk | (2.66) | |||
| Potential Upside | 3.81 |
Tangerine Beach Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tangerine Beach's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tangerine Beach's standard deviation. In reality, there are many statistical measures that can use Tangerine Beach historical prices to predict the future Tangerine Beach's volatility.| Risk Adjusted Performance | 0.0961 | |||
| Jensen Alpha | 0.3436 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0848 | |||
| Treynor Ratio | (0.79) |
Tangerine Beach Hotels Backtested Returns
Tangerine Beach appears to be very steady, given 3 months investment horizon. Tangerine Beach Hotels owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Tangerine Beach Hotels, which you can use to evaluate the volatility of the company. Please review Tangerine Beach's Risk Adjusted Performance of 0.0961, semi deviation of 1.5, and Coefficient Of Variation of 816.95 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tangerine Beach holds a performance score of 9. The entity has a beta of -0.39, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Tangerine Beach are expected to decrease at a much lower rate. During the bear market, Tangerine Beach is likely to outperform the market. Please check Tangerine Beach's skewness, and the relationship between the value at risk and day median price , to make a quick decision on whether Tangerine Beach's existing price patterns will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Tangerine Beach Hotels has no correlation between past and present. Overlapping area represents the amount of predictability between Tangerine Beach time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Tangerine Beach Hotels price movement. The serial correlation of 0.0 indicates that just 0.0% of current Tangerine Beach price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | -0.06 | |
| Residual Average | 0.0 | |
| Price Variance | 4.97 |
Tangerine Beach Hotels lagged returns against current returns
Autocorrelation, which is Tangerine Beach 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 Tangerine Beach's stock expected returns. We can calculate the autocorrelation of Tangerine Beach returns to help us make a trade decision. For example, suppose you find that Tangerine Beach 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 |
Tangerine Beach 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 Tangerine Beach stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tangerine Beach stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tangerine Beach stock over time.
Current vs Lagged Prices |
| Timeline |
Tangerine Beach Lagged Returns
When evaluating Tangerine Beach's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tangerine Beach stock have on its future price. Tangerine Beach 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, Tangerine Beach autocorrelation shows the relationship between Tangerine Beach stock current value and its past values and can show if there is a momentum factor associated with investing in Tangerine Beach Hotels.
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 Tangerine Stock
Tangerine Beach financial ratios help investors to determine whether Tangerine 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 Tangerine with respect to the benefits of owning Tangerine Beach security.