PANASIAN POWER (Sri Lanka) Market Value
| PAPN0000 | LKR 5.10 0.10 1.92% |
| Symbol | PANASIAN |
Please note, there is a significant difference between PANASIAN POWER's value and its price as these two are different measures arrived at by different means. Investors typically determine if PANASIAN POWER is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, PANASIAN POWER'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.
PANASIAN POWER '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 PANASIAN POWER'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 PANASIAN POWER.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in PANASIAN POWER on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding PANASIAN POWER PLC or generate 0.0% return on investment in PANASIAN POWER over 30 days. More
PANASIAN POWER 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 PANASIAN POWER'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 PANASIAN POWER PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.1199 | |||
| Maximum Drawdown | 10.89 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 5.41 |
PANASIAN POWER Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for PANASIAN POWER's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as PANASIAN POWER's standard deviation. In reality, there are many statistical measures that can use PANASIAN POWER historical prices to predict the future PANASIAN POWER's volatility.| Risk Adjusted Performance | 0.1354 | |||
| Jensen Alpha | 0.4365 | |||
| Total Risk Alpha | 0.0346 | |||
| Sortino Ratio | 0.1317 | |||
| Treynor Ratio | (8.79) |
PANASIAN POWER PLC Backtested Returns
PANASIAN POWER appears to be moderately volatile, given 3 months investment horizon. PANASIAN POWER PLC maintains Sharpe Ratio (i.e., Efficiency) of 0.2, which implies the company had a 0.2% return per unit of volatility over the last 3 months. By evaluating PANASIAN POWER's technical indicators, you can evaluate if the expected return of 0.53% is justified by implied risk. Please evaluate PANASIAN POWER's coefficient of variation of 597.03, and Market Risk Adjusted Performance of (8.78) to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, PANASIAN POWER holds a performance score of 15. The firm holds a Beta of -0.049, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning PANASIAN POWER are expected to decrease at a much lower rate. During the bear market, PANASIAN POWER is likely to outperform the market. Please check PANASIAN POWER's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether PANASIAN POWER's historical price patterns will revert.
Auto-correlation | 0.11 |
Insignificant predictability
PANASIAN POWER PLC has insignificant predictability. Overlapping area represents the amount of predictability between PANASIAN POWER 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 PANASIAN POWER PLC price movement. The serial correlation of 0.11 indicates that less than 11.0% of current PANASIAN POWER price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
PANASIAN POWER PLC lagged returns against current returns
Autocorrelation, which is PANASIAN POWER 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 PANASIAN POWER's stock expected returns. We can calculate the autocorrelation of PANASIAN POWER returns to help us make a trade decision. For example, suppose you find that PANASIAN POWER 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 |
PANASIAN POWER 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 PANASIAN POWER stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if PANASIAN POWER stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in PANASIAN POWER stock over time.
Current vs Lagged Prices |
| Timeline |
PANASIAN POWER Lagged Returns
When evaluating PANASIAN POWER's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of PANASIAN POWER stock have on its future price. PANASIAN POWER 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, PANASIAN POWER autocorrelation shows the relationship between PANASIAN POWER stock current value and its past values and can show if there is a momentum factor associated with investing in PANASIAN POWER PLC.
Regressed Prices |
| Timeline |
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PANASIAN POWER financial ratios help investors to determine whether PANASIAN 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 PANASIAN with respect to the benefits of owning PANASIAN POWER security.