Colombo Investment (Sri Lanka) Market Value
| CITN0000 | LKR 107.25 1.25 1.18% |
| Symbol | Colombo |
Please note, there is a significant difference between Colombo Investment's value and its price as these two are different measures arrived at by different means. Investors typically determine if Colombo Investment is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Colombo Investment'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.
Colombo Investment '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 Colombo Investment'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 Colombo Investment.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Colombo Investment on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Colombo Investment Trust or generate 0.0% return on investment in Colombo Investment over 30 days. More
Colombo Investment 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 Colombo Investment'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 Colombo Investment Trust upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 5.82 | |||
| Information Ratio | 0.0221 | |||
| Maximum Drawdown | 28.92 | |||
| Value At Risk | (8.62) | |||
| Potential Upside | 6.57 |
Colombo Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colombo Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colombo Investment's standard deviation. In reality, there are many statistical measures that can use Colombo Investment historical prices to predict the future Colombo Investment's volatility.| Risk Adjusted Performance | 0.0439 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.39) | |||
| Sortino Ratio | 0.0157 | |||
| Treynor Ratio | 0.0764 |
Colombo Investment Trust Backtested Returns
Colombo Investment appears to be very steady, given 3 months investment horizon. Colombo Investment Trust secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had a 0.14% return per unit of risk over the last 3 months. By analyzing Colombo Investment's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Colombo Investment's Mean Deviation of 1.87, risk adjusted performance of 0.0439, and Downside Deviation of 5.82 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Colombo Investment holds a performance score of 10. The firm shows a Beta (market volatility) of 2.53, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Colombo Investment will likely underperform. Please check Colombo Investment's jensen alpha, sortino ratio, and the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Colombo Investment's price patterns will revert.
Auto-correlation | 0.01 |
Virtually no predictability
Colombo Investment Trust has virtually no predictability. Overlapping area represents the amount of predictability between Colombo Investment time series from 13th of November 2024 to 28th of November 2024 and 28th of November 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 Colombo Investment Trust price movement. The serial correlation of 0.01 indicates that just 1.0% of current Colombo Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.01 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 1.77 |
Colombo Investment Trust lagged returns against current returns
Autocorrelation, which is Colombo Investment 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 Colombo Investment's stock expected returns. We can calculate the autocorrelation of Colombo Investment returns to help us make a trade decision. For example, suppose you find that Colombo Investment 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 |
Colombo Investment 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 Colombo Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colombo Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colombo Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Colombo Investment Lagged Returns
When evaluating Colombo Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colombo Investment stock have on its future price. Colombo Investment 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, Colombo Investment autocorrelation shows the relationship between Colombo Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Colombo Investment Trust.
Regressed Prices |
| Timeline |
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Colombo Investment financial ratios help investors to determine whether Colombo 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 Colombo with respect to the benefits of owning Colombo Investment security.