COMMERCIAL BANK (Sri Lanka) Price on September 27, 2024
| COMBX0000 | LKR 94.50 1.20 1.29% |
If you're considering investing in COMMERCIAL Stock, it is important to understand the factors that can impact its price. As of today, the current price of COMMERCIAL BANK stands at 94.50, as last reported on the 29th of November, with the highest price reaching 94.70 and the lowest price hitting 93.70 during the day. COMMERCIAL BANK appears to be very steady, given 3 months investment horizon. COMMERCIAL BANK secures Sharpe Ratio (or Efficiency) of 0.35, which signifies that the company had a 0.35% return per unit of risk over the last 3 months. By reviewing COMMERCIAL BANK's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of COMMERCIAL BANK's risk adjusted performance of 0.1783, and Mean Deviation of 1.29 to double-check if our risk estimates are consistent with your expectations.
COMMERCIAL Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
COMMERCIAL |
Sharpe Ratio = 0.3485
| Best Portfolio | Best Equity | |||
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| Small Returns | COMBX0000 | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 1.58 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.55 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.35 actual daily | 27 73% of assets perform better |
Based on monthly moving average COMMERCIAL BANK is performing at about 27% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of COMMERCIAL BANK by adding it to a well-diversified portfolio.
COMMERCIAL BANK Valuation on September 27, 2024
It is possible to determine the worth of COMMERCIAL BANK on a given historical date. On September 27, 2024 COMMERCIAL was worth 80.8 at the beginning of the trading date compared to the closed value of 80.1. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of COMMERCIAL BANK stock. Still, in general, we apply an absolute valuation method to find COMMERCIAL BANK's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of COMMERCIAL BANK where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against COMMERCIAL BANK's related companies.
| Open | High | Low | Close | Volume | |
| 79.80 | 81.00 | 78.20 | 78.80 | 590,267 | |
09/27/2024 | 80.80 | 80.80 | 78.10 | 80.10 | 406,257 |
| 80.50 | 81.70 | 80.50 | 81.50 | 353,875 |
| Backtest COMMERCIAL BANK | | | COMMERCIAL BANK History | Previous | Next |
COMMERCIAL BANK Trading Date Momentum on September 27, 2024
| On September 30 2024 COMMERCIAL BANK OF was traded for 81.50 at the closing time. The highest price during the trading period was 81.70 and the lowest recorded bid was listed for 80.50 . The volume for the day was 353.9 K. This history from September 30, 2024 contributed to the next trading day price jump. The overall trading delta to the next closing price was 1.75% . The overall trading delta to the current price is 4.24% . |
About COMMERCIAL BANK Stock history
COMMERCIAL BANK investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for COMMERCIAL is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in COMMERCIAL BANK will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing COMMERCIAL BANK stock prices may prove useful in developing a viable investing in COMMERCIAL BANK
COMMERCIAL BANK Stock Technical Analysis
COMMERCIAL BANK technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
COMMERCIAL BANK Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
COMMERCIAL BANK OF cannot be verified against its exchange. Please verify the symbol is currently traded on Colombo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
COMMERCIAL BANK November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how COMMERCIAL BANK stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading COMMERCIAL BANK shares will generate the highest return on investment. By undertsting and applying COMMERCIAL BANK stock market strength indicators, traders can identify COMMERCIAL BANK OF entry and exit signals to maximize returns
COMMERCIAL BANK Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for COMMERCIAL BANK's price direction in advance. Along with the technical and fundamental analysis of COMMERCIAL Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of COMMERCIAL to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1783 | |||
| Jensen Alpha | 0.3709 | |||
| Total Risk Alpha | 0.1111 | |||
| Sortino Ratio | 0.2154 | |||
| Treynor Ratio | (2.34) |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for COMMERCIAL Stock analysis
When running COMMERCIAL BANK's price analysis, check to measure COMMERCIAL BANK's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy COMMERCIAL BANK is operating at the current time. Most of COMMERCIAL BANK's value examination focuses on studying past and present price action to predict the probability of COMMERCIAL BANK's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move COMMERCIAL BANK's price. Additionally, you may evaluate how the addition of COMMERCIAL BANK to your portfolios can decrease your overall portfolio volatility.
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