Citrus Leisure (Sri Lanka) Market Value
| REEFN0000 | LKR 4.40 0.10 2.22% |
| Symbol | Citrus |
Please note, there is a significant difference between Citrus Leisure's value and its price as these two are different measures arrived at by different means. Investors typically determine if Citrus Leisure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Citrus Leisure'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.
Citrus Leisure '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 Citrus Leisure'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 Citrus Leisure.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Citrus Leisure on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Citrus Leisure PLC or generate 0.0% return on investment in Citrus Leisure over 30 days. More
Citrus Leisure 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 Citrus Leisure'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 Citrus Leisure PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 24.26 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 4.35 |
Citrus Leisure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Citrus Leisure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Citrus Leisure's standard deviation. In reality, there are many statistical measures that can use Citrus Leisure historical prices to predict the future Citrus Leisure's volatility.| Risk Adjusted Performance | 0.0012 | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.50) | |||
| Treynor Ratio | (0.08) |
Citrus Leisure PLC Backtested Returns
Citrus Leisure PLC secures Sharpe Ratio (or Efficiency) of -0.0099, which signifies that the company had a -0.0099% return per unit of risk over the last 3 months. Citrus Leisure PLC exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Citrus Leisure's Standard Deviation of 2.97, risk adjusted performance of 0.0012, and Mean Deviation of 1.82 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Citrus Leisure's returns are expected to increase less than the market. However, during the bear market, the loss of holding Citrus Leisure is expected to be smaller as well. At this point, Citrus Leisure PLC has a negative expected return of -0.0301%. Please make sure to confirm Citrus Leisure's accumulation distribution, as well as the relationship between the day typical price and relative strength index , to decide if Citrus Leisure PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.22 |
Weak reverse predictability
Citrus Leisure PLC has weak reverse predictability. Overlapping area represents the amount of predictability between Citrus Leisure time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Citrus Leisure PLC price movement. The serial correlation of -0.22 indicates that over 22.0% of current Citrus Leisure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.22 | |
| Spearman Rank Test | 0.05 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Citrus Leisure PLC lagged returns against current returns
Autocorrelation, which is Citrus Leisure 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 Citrus Leisure's stock expected returns. We can calculate the autocorrelation of Citrus Leisure returns to help us make a trade decision. For example, suppose you find that Citrus Leisure 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 |
Citrus Leisure 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 Citrus Leisure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Citrus Leisure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Citrus Leisure stock over time.
Current vs Lagged Prices |
| Timeline |
Citrus Leisure Lagged Returns
When evaluating Citrus Leisure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Citrus Leisure stock have on its future price. Citrus Leisure 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, Citrus Leisure autocorrelation shows the relationship between Citrus Leisure stock current value and its past values and can show if there is a momentum factor associated with investing in Citrus Leisure PLC.
Regressed Prices |
| Timeline |
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Citrus Leisure financial ratios help investors to determine whether Citrus 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 Citrus with respect to the benefits of owning Citrus Leisure security.