HNB Finance (Sri Lanka) Market Value
| HNBFN0000 | 5.50 0.10 1.79% |
| Symbol | HNB |
Please note, there is a significant difference between HNB Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if HNB Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HNB Finance'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.
HNB Finance '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 HNB Finance'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 HNB Finance.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in HNB Finance on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding HNB Finance or generate 0.0% return on investment in HNB Finance over 30 days. More
HNB Finance 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 HNB Finance'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 HNB Finance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.84 | |||
| Information Ratio | 0.0181 | |||
| Maximum Drawdown | 12.36 | |||
| Value At Risk | (3.85) | |||
| Potential Upside | 4.08 |
HNB Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HNB Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HNB Finance's standard deviation. In reality, there are many statistical measures that can use HNB Finance historical prices to predict the future HNB Finance's volatility.| Risk Adjusted Performance | 0.0591 | |||
| Jensen Alpha | 0.1616 | |||
| Total Risk Alpha | (0.25) | |||
| Sortino Ratio | 0.0167 | |||
| Treynor Ratio | 3.01 |
HNB Finance Backtested Returns
HNB Finance appears to be slightly risky, given 3 months investment horizon. HNB Finance retains Efficiency (Sharpe Ratio) of 0.0729, which attests that the entity had a 0.0729% return per unit of return volatility over the last 3 months. We have found thirty technical indicators for HNB Finance, which you can use to evaluate the volatility of the firm. Please utilize HNB Finance's Market Risk Adjusted Performance of 3.02, semi deviation of 1.99, and Downside Deviation of 2.84 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, HNB Finance holds a performance score of 5. The company owns a Beta (Systematic Risk) of 0.0559, which attests to not very significant fluctuations relative to the market. As returns on the market increase, HNB Finance's returns are expected to increase less than the market. However, during the bear market, the loss of holding HNB Finance is expected to be smaller as well. Please check HNB Finance's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether HNB Finance's current price history will revert.
Auto-correlation | 0.12 |
Insignificant predictability
HNB Finance has insignificant predictability. Overlapping area represents the amount of predictability between HNB Finance 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 HNB Finance price movement. The serial correlation of 0.12 indicates that less than 12.0% of current HNB Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
HNB Finance lagged returns against current returns
Autocorrelation, which is HNB Finance 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 HNB Finance's stock expected returns. We can calculate the autocorrelation of HNB Finance returns to help us make a trade decision. For example, suppose you find that HNB Finance 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 |
HNB Finance 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 HNB Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HNB Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HNB Finance stock over time.
Current vs Lagged Prices |
| Timeline |
HNB Finance Lagged Returns
When evaluating HNB Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HNB Finance stock have on its future price. HNB Finance 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, HNB Finance autocorrelation shows the relationship between HNB Finance stock current value and its past values and can show if there is a momentum factor associated with investing in HNB Finance.
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 HNB Stock
HNB Finance financial ratios help investors to determine whether HNB 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 HNB with respect to the benefits of owning HNB Finance security.