Ceylon Cold (Sri Lanka) Market Value
| CCSN0000 | LKR 64.70 0.70 1.07% |
| Symbol | Ceylon |
Please note, there is a significant difference between Ceylon Cold's value and its price as these two are different measures arrived at by different means. Investors typically determine if Ceylon Cold is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ceylon Cold'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.
Ceylon Cold '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 Ceylon Cold'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 Ceylon Cold.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Ceylon Cold on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Ceylon Cold Stores or generate 0.0% return on investment in Ceylon Cold over 30 days. More
Ceylon Cold 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 Ceylon Cold'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 Ceylon Cold Stores upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.32 | |||
| Information Ratio | 0.0528 | |||
| Maximum Drawdown | 11.82 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 2.27 |
Ceylon Cold Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ceylon Cold's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ceylon Cold's standard deviation. In reality, there are many statistical measures that can use Ceylon Cold historical prices to predict the future Ceylon Cold's volatility.| Risk Adjusted Performance | 0.099 | |||
| Jensen Alpha | 0.191 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.0727 | |||
| Treynor Ratio | 1.2 |
Ceylon Cold Stores Backtested Returns
Ceylon Cold appears to be very steady, given 3 months investment horizon. Ceylon Cold Stores secures Sharpe Ratio (or Efficiency) of 0.22, which signifies that the company had a 0.22% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Ceylon Cold Stores, which you can use to evaluate the volatility of the firm. Please makes use of Ceylon Cold's Mean Deviation of 1.16, risk adjusted performance of 0.099, and Downside Deviation of 1.32 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Ceylon Cold holds a performance score of 17. The firm shows a Beta (market volatility) of 0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Ceylon Cold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Ceylon Cold is expected to be smaller as well. Please check Ceylon Cold's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Ceylon Cold's price patterns will revert.
Auto-correlation | 0.02 |
Virtually no predictability
Ceylon Cold Stores has virtually no predictability. Overlapping area represents the amount of predictability between Ceylon Cold time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Ceylon Cold Stores price movement. The serial correlation of 0.02 indicates that only 2.0% of current Ceylon Cold price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | 0.45 | |
| Residual Average | 0.0 | |
| Price Variance | 0.38 |
Ceylon Cold Stores lagged returns against current returns
Autocorrelation, which is Ceylon Cold 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 Ceylon Cold's stock expected returns. We can calculate the autocorrelation of Ceylon Cold returns to help us make a trade decision. For example, suppose you find that Ceylon Cold 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 |
Ceylon Cold 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 Ceylon Cold stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ceylon Cold stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ceylon Cold stock over time.
Current vs Lagged Prices |
| Timeline |
Ceylon Cold Lagged Returns
When evaluating Ceylon Cold's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ceylon Cold stock have on its future price. Ceylon Cold 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, Ceylon Cold autocorrelation shows the relationship between Ceylon Cold stock current value and its past values and can show if there is a momentum factor associated with investing in Ceylon Cold Stores.
Regressed Prices |
| Timeline |
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Ceylon Cold financial ratios help investors to determine whether Ceylon 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 Ceylon with respect to the benefits of owning Ceylon Cold security.