Eden Hotel (Sri Lanka) Market Value
| EDENN0000 | LKR 14.90 0.30 2.05% |
| Symbol | Eden |
Please note, there is a significant difference between Eden Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Eden Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Eden Hotel'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.
Eden Hotel '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 Eden Hotel'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 Eden Hotel.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Eden Hotel on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Eden Hotel Lanka or generate 0.0% return on investment in Eden Hotel over 30 days. More
Eden Hotel 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 Eden Hotel'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 Eden Hotel Lanka upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.0665 | |||
| Maximum Drawdown | 12.97 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 4.1 |
Eden Hotel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Eden Hotel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Eden Hotel's standard deviation. In reality, there are many statistical measures that can use Eden Hotel historical prices to predict the future Eden Hotel's volatility.| Risk Adjusted Performance | 0.1026 | |||
| Jensen Alpha | 0.3454 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0651 | |||
| Treynor Ratio | (0.58) |
Eden Hotel Lanka Backtested Returns
Eden Hotel appears to be not too volatile, given 3 months investment horizon. Eden Hotel Lanka secures Sharpe Ratio (or Efficiency) of 0.2, which denotes the company had a 0.2% return per unit of risk over the last 3 months. We have found thirty technical indicators for Eden Hotel Lanka, which you can use to evaluate the volatility of the firm. Please utilize Eden Hotel's Coefficient Of Variation of 797.54, mean deviation of 1.79, and Downside Deviation of 2.39 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Eden Hotel holds a performance score of 15. The firm shows a Beta (market volatility) of -0.49, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Eden Hotel are expected to decrease at a much lower rate. During the bear market, Eden Hotel is likely to outperform the market. Please check Eden Hotel's jensen alpha, skewness, relative strength index, as well as the relationship between the value at risk and day median price , to make a quick decision on whether Eden Hotel's price patterns will revert.
Auto-correlation | 0.72 |
Good predictability
Eden Hotel Lanka has good predictability. Overlapping area represents the amount of predictability between Eden Hotel time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Eden Hotel Lanka price movement. The serial correlation of 0.72 indicates that around 72.0% of current Eden Hotel price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.72 | |
| Spearman Rank Test | 0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
Eden Hotel Lanka lagged returns against current returns
Autocorrelation, which is Eden Hotel 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 Eden Hotel's stock expected returns. We can calculate the autocorrelation of Eden Hotel returns to help us make a trade decision. For example, suppose you find that Eden Hotel 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 |
Eden Hotel 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 Eden Hotel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Eden Hotel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Eden Hotel stock over time.
Current vs Lagged Prices |
| Timeline |
Eden Hotel Lagged Returns
When evaluating Eden Hotel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Eden Hotel stock have on its future price. Eden Hotel 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, Eden Hotel autocorrelation shows the relationship between Eden Hotel stock current value and its past values and can show if there is a momentum factor associated with investing in Eden Hotel Lanka.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Eden Stock
Eden Hotel financial ratios help investors to determine whether Eden 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 Eden with respect to the benefits of owning Eden Hotel security.