Xito SA (Sri Lanka) Market Value
| EXITO Stock | 2,150 45.00 2.14% |
| Symbol | Xito |
Xito SA '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 Xito SA'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 Xito SA.
| 01/09/2023 |
| 11/29/2024 |
If you would invest 0.00 in Xito SA on January 9, 2023 and sell it all today you would earn a total of 0.00 from holding xito SA XITO or generate 0.0% return on investment in Xito SA over 690 days.
Xito SA 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 Xito SA'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 xito SA XITO upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.10) | |||
| Maximum Drawdown | 8.84 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 3.85 |
Xito SA Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Xito SA's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Xito SA's standard deviation. In reality, there are many statistical measures that can use Xito SA historical prices to predict the future Xito SA's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.11) | |||
| Total Risk Alpha | (0.35) | |||
| Treynor Ratio | (0.28) |
xito SA XITO Backtested Returns
xito SA XITO shows Sharpe Ratio of -0.0347, which attests that the company had a -0.0347% return per unit of risk over the last 3 months. xito SA XITO exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Xito SA's Market Risk Adjusted Performance of (0.27), mean deviation of 1.19, and Standard Deviation of 1.84 to validate the risk estimate we provide. The firm maintains a market beta of 0.27, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Xito SA's returns are expected to increase less than the market. However, during the bear market, the loss of holding Xito SA is expected to be smaller as well. At this point, xito SA XITO has a negative expected return of -0.0638%. Please make sure to check out Xito SA's treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if xito SA XITO performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.08 |
Virtually no predictability
xito SA XITO has virtually no predictability. Overlapping area represents the amount of predictability between Xito SA time series from 9th of January 2023 to 20th of December 2023 and 20th of December 2023 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 xito SA XITO price movement. The serial correlation of 0.08 indicates that barely 8.0% of current Xito SA price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.08 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 152.1 K |
xito SA XITO lagged returns against current returns
Autocorrelation, which is Xito SA 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 Xito SA's stock expected returns. We can calculate the autocorrelation of Xito SA returns to help us make a trade decision. For example, suppose you find that Xito SA 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 |
Xito SA 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 Xito SA stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Xito SA stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Xito SA stock over time.
Current vs Lagged Prices |
| Timeline |
Xito SA Lagged Returns
When evaluating Xito SA's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Xito SA stock have on its future price. Xito SA 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, Xito SA autocorrelation shows the relationship between Xito SA stock current value and its past values and can show if there is a momentum factor associated with investing in xito SA XITO.
Regressed Prices |
| Timeline |
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