Serendib Hotels (Sri Lanka) Market Value
| SHOTN0000 | LKR 17.50 0.30 1.74% |
| Symbol | Serendib |
Please note, there is a significant difference between Serendib Hotels' value and its price as these two are different measures arrived at by different means. Investors typically determine if Serendib Hotels is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Serendib 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.
Serendib 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 Serendib 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 Serendib Hotels.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Serendib Hotels on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Serendib Hotels PLC or generate 0.0% return on investment in Serendib Hotels over 510 days. More
Serendib 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 Serendib 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 Serendib Hotels PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.52 | |||
| Information Ratio | 0.1338 | |||
| Maximum Drawdown | 11.02 | |||
| Value At Risk | (3.16) | |||
| Potential Upside | 6.06 |
Serendib Hotels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Serendib Hotels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Serendib Hotels' standard deviation. In reality, there are many statistical measures that can use Serendib Hotels historical prices to predict the future Serendib Hotels' volatility.| Risk Adjusted Performance | 0.1476 | |||
| Jensen Alpha | 0.5435 | |||
| Total Risk Alpha | 0.0638 | |||
| Sortino Ratio | 0.1365 | |||
| Treynor Ratio | (0.67) |
Serendib Hotels PLC Backtested Returns
Serendib Hotels appears to be not too volatile, given 3 months investment horizon. Serendib Hotels PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.23, which indicates the firm had a 0.23% return per unit of risk over the last 3 months. By inspecting Serendib Hotels' technical indicators, you can evaluate if the expected return of 0.57% is justified by implied risk. Please review Serendib Hotels' Semi Deviation of 2.01, risk adjusted performance of 0.1476, and Coefficient Of Variation of 543.57 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Serendib Hotels holds a performance score of 18. The entity has a beta of -0.69, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Serendib Hotels are expected to decrease at a much lower rate. During the bear market, Serendib Hotels is likely to outperform the market. Please check Serendib Hotels' potential upside, as well as the relationship between the kurtosis and day typical price , to make a quick decision on whether Serendib Hotels' existing price patterns will revert.
Auto-correlation | 0.26 |
Poor predictability
Serendib Hotels PLC has poor predictability. Overlapping area represents the amount of predictability between Serendib Hotels time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Serendib Hotels PLC price movement. The serial correlation of 0.26 indicates that nearly 26.0% of current Serendib Hotels price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.26 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 1.53 |
Serendib Hotels PLC lagged returns against current returns
Autocorrelation, which is Serendib 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 Serendib Hotels' stock expected returns. We can calculate the autocorrelation of Serendib Hotels returns to help us make a trade decision. For example, suppose you find that Serendib 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 |
Serendib 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 Serendib Hotels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Serendib Hotels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Serendib Hotels stock over time.
Current vs Lagged Prices |
| Timeline |
Serendib Hotels Lagged Returns
When evaluating Serendib Hotels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Serendib Hotels stock have on its future price. Serendib 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, Serendib Hotels autocorrelation shows the relationship between Serendib Hotels stock current value and its past values and can show if there is a momentum factor associated with investing in Serendib Hotels PLC.
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 Serendib Stock
Serendib Hotels financial ratios help investors to determine whether Serendib 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 Serendib with respect to the benefits of owning Serendib Hotels security.