VIDULLANKA PLC (Sri Lanka) Market Value
| VLLX0000 | 9.40 0.10 1.08% |
| Symbol | VIDULLANKA |
Please note, there is a significant difference between VIDULLANKA PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if VIDULLANKA PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, VIDULLANKA PLC'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.
VIDULLANKA PLC '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 VIDULLANKA PLC'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 VIDULLANKA PLC.
| 10/23/2024 |
| 11/22/2024 |
If you would invest 0.00 in VIDULLANKA PLC on October 23, 2024 and sell it all today you would earn a total of 0.00 from holding VIDULLANKA PLC or generate 0.0% return on investment in VIDULLANKA PLC over 30 days. More
VIDULLANKA PLC 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 VIDULLANKA PLC'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 VIDULLANKA PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 21.17 | |||
| Value At Risk | (4.30) | |||
| Potential Upside | 4.56 |
VIDULLANKA PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for VIDULLANKA PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as VIDULLANKA PLC's standard deviation. In reality, there are many statistical measures that can use VIDULLANKA PLC historical prices to predict the future VIDULLANKA PLC's volatility.| Risk Adjusted Performance | 0.0054 | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.39) | |||
| Treynor Ratio | (0.04) |
VIDULLANKA PLC Backtested Returns
At this point, VIDULLANKA PLC is somewhat reliable. VIDULLANKA PLC owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0478, which indicates the firm had a 0.0478% return per unit of volatility over the last 3 months. We have found twenty-three technical indicators for VIDULLANKA PLC, which you can use to evaluate the volatility of the company. Please validate VIDULLANKA PLC's variance of 8.0, and Risk Adjusted Performance of 0.0054 to confirm if the risk estimate we provide is consistent with the expected return of 0.14%. VIDULLANKA PLC has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.38, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, VIDULLANKA PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding VIDULLANKA PLC is expected to be smaller as well. VIDULLANKA PLC currently has a risk of 2.9%. Please validate VIDULLANKA PLC value at risk, accumulation distribution, and the relationship between the treynor ratio and skewness , to decide if VIDULLANKA PLC will be following its existing price patterns.
Auto-correlation | 0.19 |
Very weak predictability
VIDULLANKA PLC has very weak predictability. Overlapping area represents the amount of predictability between VIDULLANKA PLC time series from 23rd of October 2024 to 7th of November 2024 and 7th of November 2024 to 22nd 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 VIDULLANKA PLC price movement. The serial correlation of 0.19 indicates that over 19.0% of current VIDULLANKA PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.19 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 0.06 |
VIDULLANKA PLC lagged returns against current returns
Autocorrelation, which is VIDULLANKA PLC 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 VIDULLANKA PLC's stock expected returns. We can calculate the autocorrelation of VIDULLANKA PLC returns to help us make a trade decision. For example, suppose you find that VIDULLANKA PLC 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 |
VIDULLANKA PLC 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 VIDULLANKA PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if VIDULLANKA PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in VIDULLANKA PLC stock over time.
Current vs Lagged Prices |
| Timeline |
VIDULLANKA PLC Lagged Returns
When evaluating VIDULLANKA PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of VIDULLANKA PLC stock have on its future price. VIDULLANKA PLC 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, VIDULLANKA PLC autocorrelation shows the relationship between VIDULLANKA PLC stock current value and its past values and can show if there is a momentum factor associated with investing in VIDULLANKA PLC.
Regressed Prices |
| Timeline |
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VIDULLANKA PLC financial ratios help investors to determine whether VIDULLANKA 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 VIDULLANKA with respect to the benefits of owning VIDULLANKA PLC security.