Pan Asia (Sri Lanka) Market Value
| PABCN0000 | LKR 26.90 0.50 1.82% |
| Symbol | Pan |
Please note, there is a significant difference between Pan Asia's value and its price as these two are different measures arrived at by different means. Investors typically determine if Pan Asia is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pan Asia'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.
Pan Asia '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 Pan Asia'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 Pan Asia.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Pan Asia on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Pan Asia Banking or generate 0.0% return on investment in Pan Asia over 180 days. More
Pan Asia 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 Pan Asia'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 Pan Asia Banking upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.5 | |||
| Information Ratio | 0.1733 | |||
| Maximum Drawdown | 11.75 | |||
| Value At Risk | (2.50) | |||
| Potential Upside | 4.17 |
Pan Asia Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pan Asia's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pan Asia's standard deviation. In reality, there are many statistical measures that can use Pan Asia historical prices to predict the future Pan Asia's volatility.| Risk Adjusted Performance | 0.1852 | |||
| Jensen Alpha | 0.4894 | |||
| Total Risk Alpha | 0.1627 | |||
| Sortino Ratio | 0.2399 | |||
| Treynor Ratio | (4.21) |
Pan Asia Banking Backtested Returns
Pan Asia appears to be not too volatile, given 3 months investment horizon. Pan Asia Banking maintains Sharpe Ratio (i.e., Efficiency) of 0.3, which implies the firm had a 0.3% return per unit of risk over the last 3 months. By analyzing Pan Asia's technical indicators, you can evaluate if the expected return of 0.64% is justified by implied risk. Please evaluate Pan Asia's Semi Deviation of 1.01, risk adjusted performance of 0.1852, and Coefficient Of Variation of 428.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pan Asia holds a performance score of 23. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pan Asia are expected to decrease at a much lower rate. During the bear market, Pan Asia is likely to outperform the market. Please check Pan Asia's treynor ratio, kurtosis, period momentum indicator, as well as the relationship between the downside variance and day median price , to make a quick decision on whether Pan Asia's historical price patterns will revert.
Auto-correlation | -0.91 |
Near perfect reversele predictability
Pan Asia Banking has near perfect reversele predictability. Overlapping area represents the amount of predictability between Pan Asia time series from 1st of June 2024 to 30th of August 2024 and 30th of August 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 Pan Asia Banking price movement. The serial correlation of -0.91 indicates that approximately 91.0% of current Pan Asia price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.91 | |
| Spearman Rank Test | -0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 9.18 |
Pan Asia Banking lagged returns against current returns
Autocorrelation, which is Pan Asia 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 Pan Asia's stock expected returns. We can calculate the autocorrelation of Pan Asia returns to help us make a trade decision. For example, suppose you find that Pan Asia 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 |
Pan Asia 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 Pan Asia stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pan Asia stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pan Asia stock over time.
Current vs Lagged Prices |
| Timeline |
Pan Asia Lagged Returns
When evaluating Pan Asia's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pan Asia stock have on its future price. Pan Asia 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, Pan Asia autocorrelation shows the relationship between Pan Asia stock current value and its past values and can show if there is a momentum factor associated with investing in Pan Asia Banking.
Regressed Prices |
| Timeline |
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Pan Asia financial ratios help investors to determine whether Pan 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 Pan with respect to the benefits of owning Pan Asia security.