Pegasus Hotels (Sri Lanka) Market Value
| PEGN0000 | LKR 39.00 3.00 8.33% |
| Symbol | Pegasus |
Please note, there is a significant difference between Pegasus Hotels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Pegasus Hotels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pegasus Hotels' 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.
Pegasus Hotels '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 Pegasus Hotels' 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 Pegasus Hotels.
| 08/31/2024 |
| 11/29/2024 |
If you would invest 0.00 in Pegasus Hotels on August 31, 2024 and sell it all today you would earn a total of 0.00 from holding Pegasus Hotels of or generate 0.0% return on investment in Pegasus Hotels over 90 days. More
Pegasus Hotels 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 Pegasus Hotels' 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 Pegasus Hotels of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.36 | |||
| Information Ratio | 0.1243 | |||
| Maximum Drawdown | 14.35 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 6.31 |
Pegasus Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pegasus Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pegasus Hotels' standard deviation. In reality, there are many statistical measures that can use Pegasus Hotels historical prices to predict the future Pegasus Hotels' volatility.| Risk Adjusted Performance | 0.132 | |||
| Jensen Alpha | 0.5966 | |||
| Total Risk Alpha | 0.0287 | |||
| Sortino Ratio | 0.094 | |||
| Treynor Ratio | (0.85) |
Pegasus Hotels Backtested Returns
Pegasus Hotels appears to be not too volatile, given 3 months investment horizon. Pegasus Hotels maintains Sharpe Ratio (i.e., Efficiency) of 0.27, which implies the firm had a 0.27% return per unit of risk over the last 3 months. By analyzing Pegasus Hotels' technical indicators, you can evaluate if the expected return of 0.83% is justified by implied risk. Please evaluate Pegasus Hotels' Risk Adjusted Performance of 0.132, coefficient of variation of 616.2, and Semi Deviation of 2.53 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pegasus Hotels holds a performance score of 21. The company holds a Beta of -0.62, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pegasus Hotels are expected to decrease at a much lower rate. During the bear market, Pegasus Hotels is likely to outperform the market. Please check Pegasus Hotels' coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Pegasus Hotels' historical price patterns will revert.
Auto-correlation | 0.57 |
Modest predictability
Pegasus Hotels of has modest predictability. Overlapping area represents the amount of predictability between Pegasus Hotels time series from 31st of August 2024 to 15th of October 2024 and 15th of October 2024 to 29th 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 Pegasus Hotels price movement. The serial correlation of 0.57 indicates that roughly 57.0% of current Pegasus Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.57 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 13.77 |
Pegasus Hotels lagged returns against current returns
Autocorrelation, which is Pegasus Hotels 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 Pegasus Hotels' stock expected returns. We can calculate the autocorrelation of Pegasus Hotels returns to help us make a trade decision. For example, suppose you find that Pegasus Hotels 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 |
Pegasus Hotels 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 Pegasus Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pegasus Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pegasus Hotels stock over time.
Current vs Lagged Prices |
| Timeline |
Pegasus Hotels Lagged Returns
When evaluating Pegasus Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pegasus Hotels stock have on its future price. Pegasus Hotels 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, Pegasus Hotels autocorrelation shows the relationship between Pegasus Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Pegasus Hotels of.
Regressed Prices |
| Timeline |
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Pegasus Hotels financial ratios help investors to determine whether Pegasus 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 Pegasus with respect to the benefits of owning Pegasus Hotels security.