Sanasa Development (Sri Lanka) Price on September 2, 2024
| SDBN0000 | LKR 42.10 2.50 5.61% |
If you're considering investing in Sanasa Stock, it is important to understand the factors that can impact its price. As of today, the current price of Sanasa Development stands at 42.10, as last reported on the 20th of January, with the highest price reaching 45.40 and the lowest price hitting 42.00 during the day. Sanasa Development appears to be very steady, given 3 months investment horizon. Sanasa Development Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.17, which indicates the firm had a 0.17 % return per unit of risk over the last 3 months. By inspecting Sanasa Development's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please review Sanasa Development's Coefficient Of Variation of 635.16, risk adjusted performance of 0.1388, and Semi Deviation of 1.71 to confirm if our risk estimates are consistent with your expectations.
Sanasa Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Sanasa |
Sharpe Ratio = 0.1733
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Estimated Market Risk
| 3.09 actual daily | 27 73% of assets are more volatile |
Expected Return
| 0.54 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Sanasa Development is performing at about 13% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Sanasa Development by adding it to a well-diversified portfolio.
Sanasa Development Valuation on September 2, 2024
It is possible to determine the worth of Sanasa Development on a given historical date. On September 2, 2024 Sanasa was worth 29.6 at the beginning of the trading date compared to the closed value of 29.8. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Sanasa Development stock. Still, in general, we apply an absolute valuation method to find Sanasa Development's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Sanasa Development where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Sanasa Development's related companies.
| Open | High | Low | Close | Volume | |
| 29.60 | 29.60 | 29.50 | 29.60 | 4,959 | |
09/02/2024 | 29.60 | 30.80 | 28.70 | 29.80 | 2,875 |
| 30.70 | 30.70 | 29.50 | 29.80 | 1,649 |
| Backtest Sanasa Development | | | Sanasa Development History | Previous | Next |
Sanasa Development Trading Date Momentum on September 2, 2024
| On September 03 2024 Sanasa Development Bank was traded for 29.80 at the closing time. The highest price during the trading period was 30.70 and the lowest recorded bid was listed for 29.50 . The volume for the day was 1.6 K. This history from September 3, 2024 did not result in any price rise and fall. The trading price change to the current price is 0.67% . |
About Sanasa Development Stock history
Sanasa Development investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Sanasa is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Sanasa Development Bank will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Sanasa Development stock prices may prove useful in developing a viable investing in Sanasa Development
Sanasa Development Stock Technical Analysis
Sanasa Development technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Sanasa Development Period Price Range
Low | January 20, 2025
| High |
0.00 | 0.00 |
Sanasa Development Bank cannot be verified against its exchange. Please verify the symbol is currently traded on Colombo Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Sanasa Development January 20, 2025 Market Strength
Market strength indicators help investors to evaluate how Sanasa Development stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Sanasa Development shares will generate the highest return on investment. By undertsting and applying Sanasa Development stock market strength indicators, traders can identify Sanasa Development Bank entry and exit signals to maximize returns
Sanasa Development Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Sanasa Development's price direction in advance. Along with the technical and fundamental analysis of Sanasa Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Sanasa to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1388 | |||
| Jensen Alpha | 0.4584 | |||
| Total Risk Alpha | 0.3878 | |||
| Sortino Ratio | 0.2032 | |||
| Treynor Ratio | (15.21) |
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Complementary Tools for Sanasa Stock analysis
When running Sanasa Development's price analysis, check to measure Sanasa Development's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Sanasa Development is operating at the current time. Most of Sanasa Development's value examination focuses on studying past and present price action to predict the probability of Sanasa Development's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Sanasa Development's price. Additionally, you may evaluate how the addition of Sanasa Development to your portfolios can decrease your overall portfolio volatility.
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