Nuwara Eliya (Sri Lanka) Market Value
| NEHN0000 | LKR 2,335 258.00 12.42% |
| Symbol | Nuwara |
Please note, there is a significant difference between Nuwara Eliya's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nuwara Eliya is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nuwara Eliya'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.
Nuwara Eliya '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 Nuwara Eliya'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 Nuwara Eliya.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Nuwara Eliya on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Nuwara Eliya Hotels or generate 0.0% return on investment in Nuwara Eliya over 30 days. More
Nuwara Eliya 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 Nuwara Eliya'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 Nuwara Eliya Hotels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.29 | |||
| Information Ratio | 0.0095 | |||
| Maximum Drawdown | 19.12 | |||
| Value At Risk | (2.83) | |||
| Potential Upside | 1.99 |
Nuwara Eliya Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nuwara Eliya's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nuwara Eliya's standard deviation. In reality, there are many statistical measures that can use Nuwara Eliya historical prices to predict the future Nuwara Eliya's volatility.| Risk Adjusted Performance | 0.0465 | |||
| Jensen Alpha | 0.1196 | |||
| Total Risk Alpha | (0.31) | |||
| Sortino Ratio | 0.0067 | |||
| Treynor Ratio | 0.6813 |
Nuwara Eliya Hotels Backtested Returns
Nuwara Eliya appears to be very steady, given 3 months investment horizon. Nuwara Eliya Hotels has Sharpe Ratio of 0.19, which conveys that the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Nuwara Eliya's technical indicators, you can evaluate if the expected return of 0.7% is justified by implied risk. Please exercise Nuwara Eliya's Downside Deviation of 4.29, risk adjusted performance of 0.0465, and Mean Deviation of 1.05 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nuwara Eliya holds a performance score of 15. The company secures a Beta (Market Risk) of 0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Nuwara Eliya's returns are expected to increase less than the market. However, during the bear market, the loss of holding Nuwara Eliya is expected to be smaller as well. Please check Nuwara Eliya's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Nuwara Eliya's current price movements will revert.
Auto-correlation | 0.00 |
No correlation between past and present
Nuwara Eliya Hotels has no correlation between past and present. Overlapping area represents the amount of predictability between Nuwara Eliya time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Nuwara Eliya Hotels price movement. The serial correlation of 0.0 indicates that just 0.0% of current Nuwara Eliya price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.0 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 33.7 K |
Nuwara Eliya Hotels lagged returns against current returns
Autocorrelation, which is Nuwara Eliya 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 Nuwara Eliya's stock expected returns. We can calculate the autocorrelation of Nuwara Eliya returns to help us make a trade decision. For example, suppose you find that Nuwara Eliya 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 |
Nuwara Eliya 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 Nuwara Eliya stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nuwara Eliya stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nuwara Eliya stock over time.
Current vs Lagged Prices |
| Timeline |
Nuwara Eliya Lagged Returns
When evaluating Nuwara Eliya's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nuwara Eliya stock have on its future price. Nuwara Eliya 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, Nuwara Eliya autocorrelation shows the relationship between Nuwara Eliya stock current value and its past values and can show if there is a momentum factor associated with investing in Nuwara Eliya Hotels.
Regressed Prices |
| Timeline |
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Nuwara Eliya financial ratios help investors to determine whether Nuwara 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 Nuwara with respect to the benefits of owning Nuwara Eliya security.