Lanka Milk (Sri Lanka) Market Value
| LMFN0000 | LKR 32.80 0.30 0.91% |
| Symbol | Lanka |
Please note, there is a significant difference between Lanka Milk's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lanka Milk is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lanka Milk'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.
Lanka Milk '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 Lanka Milk'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 Lanka Milk.
| 12/06/2022 |
| 11/25/2024 |
If you would invest 0.00 in Lanka Milk on December 6, 2022 and sell it all today you would earn a total of 0.00 from holding Lanka Milk Foods or generate 0.0% return on investment in Lanka Milk over 720 days. More
Lanka Milk 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 Lanka Milk'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 Lanka Milk Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.83 | |||
| Information Ratio | 0.1092 | |||
| Maximum Drawdown | 9.89 | |||
| Value At Risk | (3.15) | |||
| Potential Upside | 4.62 |
Lanka Milk Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lanka Milk's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lanka Milk's standard deviation. In reality, there are many statistical measures that can use Lanka Milk historical prices to predict the future Lanka Milk's volatility.| Risk Adjusted Performance | 0.1373 | |||
| Jensen Alpha | 0.2846 | |||
| Total Risk Alpha | 0.0182 | |||
| Sortino Ratio | 0.1271 | |||
| Treynor Ratio | 0.6227 |
Lanka Milk Foods Backtested Returns
Lanka Milk appears to be very steady, given 3 months investment horizon. Lanka Milk Foods has Sharpe Ratio of 0.24, which conveys that the firm had a 0.24% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lanka Milk, which you can use to evaluate the volatility of the firm. Please exercise Lanka Milk's Mean Deviation of 1.62, downside deviation of 1.83, and Risk Adjusted Performance of 0.1373 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lanka Milk holds a performance score of 18. The company secures a Beta (Market Risk) of 0.57, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Lanka Milk's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lanka Milk is expected to be smaller as well. Please check Lanka Milk's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Lanka Milk's current price movements will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Lanka Milk Foods has poor reverse predictability. Overlapping area represents the amount of predictability between Lanka Milk time series from 6th of December 2022 to 1st of December 2023 and 1st of December 2023 to 25th 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 Lanka Milk Foods price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Lanka Milk price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 3055.47 |
Lanka Milk Foods lagged returns against current returns
Autocorrelation, which is Lanka Milk 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 Lanka Milk's stock expected returns. We can calculate the autocorrelation of Lanka Milk returns to help us make a trade decision. For example, suppose you find that Lanka Milk 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 |
Lanka Milk 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 Lanka Milk stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lanka Milk stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lanka Milk stock over time.
Current vs Lagged Prices |
| Timeline |
Lanka Milk Lagged Returns
When evaluating Lanka Milk's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lanka Milk stock have on its future price. Lanka Milk 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, Lanka Milk autocorrelation shows the relationship between Lanka Milk stock current value and its past values and can show if there is a momentum factor associated with investing in Lanka Milk Foods.
Regressed Prices |
| Timeline |
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Lanka Milk financial ratios help investors to determine whether Lanka 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 Lanka with respect to the benefits of owning Lanka Milk security.