ACL Plastics (Sri Lanka) Market Value
| APLAN0000 | 463.50 0.50 0.11% |
| Symbol | ACL |
Please note, there is a significant difference between ACL Plastics' value and its price as these two are different measures arrived at by different means. Investors typically determine if ACL Plastics is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ACL Plastics' 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.
ACL Plastics '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 ACL Plastics' 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 ACL Plastics.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in ACL Plastics on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding ACL Plastics PLC or generate 0.0% return on investment in ACL Plastics over 30 days. More
ACL Plastics 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 ACL Plastics' 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 ACL Plastics PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.26 | |||
| Information Ratio | 0.0547 | |||
| Maximum Drawdown | 8.2 | |||
| Value At Risk | (1.97) | |||
| Potential Upside | 2.49 |
ACL Plastics Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ACL Plastics' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ACL Plastics' standard deviation. In reality, there are many statistical measures that can use ACL Plastics historical prices to predict the future ACL Plastics' volatility.| Risk Adjusted Performance | 0.1224 | |||
| Jensen Alpha | 0.2064 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.057 | |||
| Treynor Ratio | (1.72) |
ACL Plastics PLC Backtested Returns
ACL Plastics appears to be very steady, given 3 months investment horizon. ACL Plastics PLC secures Sharpe Ratio (or Efficiency) of 0.21, which signifies that the company had a 0.21% return per unit of return volatility over the last 3 months. We have found twenty-nine technical indicators for ACL Plastics PLC, which you can use to evaluate the volatility of the entity. Please makes use of ACL Plastics' Mean Deviation of 0.9226, downside deviation of 1.26, and Coefficient Of Variation of 648.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, ACL Plastics holds a performance score of 16. The firm shows a Beta (market volatility) of -0.11, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ACL Plastics are expected to decrease at a much lower rate. During the bear market, ACL Plastics is likely to outperform the market. Please check ACL Plastics' total risk alpha, expected short fall, market facilitation index, as well as the relationship between the value at risk and daily balance of power , to make a quick decision on whether ACL Plastics' price patterns will revert.
Auto-correlation | 0.84 |
Very good predictability
ACL Plastics PLC has very good predictability. Overlapping area represents the amount of predictability between ACL Plastics time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 ACL Plastics PLC price movement. The serial correlation of 0.84 indicates that around 84.0% of current ACL Plastics price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.84 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 8.46 |
ACL Plastics PLC lagged returns against current returns
Autocorrelation, which is ACL Plastics 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 ACL Plastics' stock expected returns. We can calculate the autocorrelation of ACL Plastics returns to help us make a trade decision. For example, suppose you find that ACL Plastics 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 |
ACL Plastics 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 ACL Plastics stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ACL Plastics stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ACL Plastics stock over time.
Current vs Lagged Prices |
| Timeline |
ACL Plastics Lagged Returns
When evaluating ACL Plastics' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ACL Plastics stock have on its future price. ACL Plastics 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, ACL Plastics autocorrelation shows the relationship between ACL Plastics stock current value and its past values and can show if there is a momentum factor associated with investing in ACL Plastics PLC.
Regressed Prices |
| Timeline |
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ACL Plastics financial ratios help investors to determine whether ACL 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 ACL with respect to the benefits of owning ACL Plastics security.