Industrial Asphalts (Sri Lanka) Market Value
| ASPHN0000 | 0.30 0.00 0.00% |
| Symbol | Industrial |
Please note, there is a significant difference between Industrial Asphalts' value and its price as these two are different measures arrived at by different means. Investors typically determine if Industrial Asphalts is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Industrial Asphalts' 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.
Industrial Asphalts '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 Industrial Asphalts' 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 Industrial Asphalts.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Industrial Asphalts on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Industrial Asphalts PLC or generate 0.0% return on investment in Industrial Asphalts over 30 days. More
Industrial Asphalts 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 Industrial Asphalts' 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 Industrial Asphalts PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 30.37 | |||
| Information Ratio | 0.073 | |||
| Maximum Drawdown | 83.33 | |||
| Value At Risk | (25.00) | |||
| Potential Upside | 33.33 |
Industrial Asphalts Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Industrial Asphalts' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Industrial Asphalts' standard deviation. In reality, there are many statistical measures that can use Industrial Asphalts historical prices to predict the future Industrial Asphalts' volatility.| Risk Adjusted Performance | 0.071 | |||
| Jensen Alpha | 1.5 | |||
| Total Risk Alpha | (1.30) | |||
| Sortino Ratio | 0.0415 | |||
| Treynor Ratio | (1.39) |
Industrial Asphalts PLC Backtested Returns
Industrial Asphalts is out of control given 3 months investment horizon. Industrial Asphalts PLC holds Efficiency (Sharpe) Ratio of 0.0809, which attests that the entity had a 0.0809% return per unit of risk over the last 3 months. We were able to interpolate twenty-seven different technical indicators, which can help you to evaluate if expected returns of 1.41% are justified by taking the suggested risk. Use Industrial Asphalts PLC Market Risk Adjusted Performance of (1.38), downside deviation of 30.37, and Risk Adjusted Performance of 0.071 to evaluate company specific risk that cannot be diversified away. Industrial Asphalts holds a performance score of 6 on a scale of zero to a hundred. The company retains a Market Volatility (i.e., Beta) of -0.99, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Industrial Asphalts are expected to decrease slowly. On the other hand, during market turmoil, Industrial Asphalts is expected to outperform it slightly. Use Industrial Asphalts PLC information ratio and the relationship between the maximum drawdown and day median price , to analyze future returns on Industrial Asphalts PLC.
Auto-correlation | 0.00 |
No correlation between past and present
Industrial Asphalts PLC has no correlation between past and present. Overlapping area represents the amount of predictability between Industrial Asphalts 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 Industrial Asphalts PLC price movement. The serial correlation of 0.0 indicates that just 0.0% of current Industrial Asphalts price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Industrial Asphalts PLC lagged returns against current returns
Autocorrelation, which is Industrial Asphalts 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 Industrial Asphalts' stock expected returns. We can calculate the autocorrelation of Industrial Asphalts returns to help us make a trade decision. For example, suppose you find that Industrial Asphalts 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 |
Industrial Asphalts 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 Industrial Asphalts stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Industrial Asphalts stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Industrial Asphalts stock over time.
Current vs Lagged Prices |
| Timeline |
Industrial Asphalts Lagged Returns
When evaluating Industrial Asphalts' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Industrial Asphalts stock have on its future price. Industrial Asphalts 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, Industrial Asphalts autocorrelation shows the relationship between Industrial Asphalts stock current value and its past values and can show if there is a momentum factor associated with investing in Industrial Asphalts PLC.
Regressed Prices |
| Timeline |
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Industrial Asphalts financial ratios help investors to determine whether Industrial 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 Industrial with respect to the benefits of owning Industrial Asphalts security.