Renuka Agri (Sri Lanka) Market Value
| RALN0000 | LKR 3.40 0.10 3.03% |
| Symbol | Renuka |
Please note, there is a significant difference between Renuka Agri's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renuka Agri is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renuka Agri'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.
Renuka Agri '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 Renuka Agri'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 Renuka Agri.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Renuka Agri on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Renuka Agri Foods or generate 0.0% return on investment in Renuka Agri over 30 days. More
Renuka Agri 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 Renuka Agri'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 Renuka Agri Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.62 | |||
| Information Ratio | 0.0178 | |||
| Maximum Drawdown | 15.56 | |||
| Value At Risk | (3.33) | |||
| Potential Upside | 3.45 |
Renuka Agri Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renuka Agri's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renuka Agri's standard deviation. In reality, there are many statistical measures that can use Renuka Agri historical prices to predict the future Renuka Agri's volatility.| Risk Adjusted Performance | 0.0559 | |||
| Jensen Alpha | 0.1325 | |||
| Total Risk Alpha | (0.27) | |||
| Sortino Ratio | 0.0138 | |||
| Treynor Ratio | 0.5541 |
Renuka Agri Foods Backtested Returns
Renuka Agri appears to be unstable, given 3 months investment horizon. Renuka Agri Foods maintains Sharpe Ratio (i.e., Efficiency) of 0.0905, which implies the firm had a 0.0905% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Renuka Agri Foods, which you can use to evaluate the volatility of the company. Please evaluate Renuka Agri's Risk Adjusted Performance of 0.0559, coefficient of variation of 1572.7, and Semi Deviation of 2.09 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Renuka Agri holds a performance score of 7. The company holds a Beta of 0.3, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Renuka Agri's returns are expected to increase less than the market. However, during the bear market, the loss of holding Renuka Agri is expected to be smaller as well. Please check Renuka Agri's total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Renuka Agri's historical price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
Renuka Agri Foods has below average predictability. Overlapping area represents the amount of predictability between Renuka Agri time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th 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 Renuka Agri Foods price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Renuka Agri price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Renuka Agri Foods lagged returns against current returns
Autocorrelation, which is Renuka Agri 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 Renuka Agri's stock expected returns. We can calculate the autocorrelation of Renuka Agri returns to help us make a trade decision. For example, suppose you find that Renuka Agri 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 |
Renuka Agri 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 Renuka Agri stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renuka Agri stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renuka Agri stock over time.
Current vs Lagged Prices |
| Timeline |
Renuka Agri Lagged Returns
When evaluating Renuka Agri's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renuka Agri stock have on its future price. Renuka Agri 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, Renuka Agri autocorrelation shows the relationship between Renuka Agri stock current value and its past values and can show if there is a momentum factor associated with investing in Renuka Agri Foods.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Renuka Stock
Renuka Agri financial ratios help investors to determine whether Renuka 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 Renuka with respect to the benefits of owning Renuka Agri security.