Amana Bank (Sri Lanka) Market Value
| ABLN0000 | 23.50 0.20 0.86% |
| Symbol | Amana |
Please note, there is a significant difference between Amana Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amana Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amana Bank'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.
Amana Bank '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 Amana Bank'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 Amana Bank.
| 05/23/2023 |
| 12/13/2024 |
If you would invest 0.00 in Amana Bank on May 23, 2023 and sell it all today you would earn a total of 0.00 from holding Amana Bank or generate 0.0% return on investment in Amana Bank over 570 days. More
Amana Bank 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 Amana Bank'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 Amana Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | 0.0543 | |||
| Maximum Drawdown | 8.1 | |||
| Value At Risk | (1.29) | |||
| Potential Upside | 1.79 |
Amana Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amana Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amana Bank's standard deviation. In reality, there are many statistical measures that can use Amana Bank historical prices to predict the future Amana Bank's volatility.| Risk Adjusted Performance | 0.1101 | |||
| Jensen Alpha | 0.1692 | |||
| Total Risk Alpha | (0) | |||
| Sortino Ratio | 0.0503 | |||
| Treynor Ratio | (13.32) |
Amana Bank Backtested Returns
Amana Bank appears to be very steady, given 3 months investment horizon. Amana Bank secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Amana Bank, which you can use to evaluate the volatility of the firm. Please makes use of Amana Bank's risk adjusted performance of 0.1101, and Mean Deviation of 0.8822 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Amana Bank holds a performance score of 12. The firm shows a Beta (market volatility) of -0.0126, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amana Bank are expected to decrease at a much lower rate. During the bear market, Amana Bank is likely to outperform the market. Please check Amana Bank's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Amana Bank's price patterns will revert.
Auto-correlation | -0.75 |
Almost perfect reverse predictability
Amana Bank has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Amana Bank time series from 23rd of May 2023 to 3rd of March 2024 and 3rd of March 2024 to 13th of December 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 Amana Bank price movement. The serial correlation of -0.75 indicates that around 75.0% of current Amana Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.75 | |
| Spearman Rank Test | -0.52 | |
| Residual Average | 0.0 | |
| Price Variance | 96.33 |
Amana Bank lagged returns against current returns
Autocorrelation, which is Amana Bank 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 Amana Bank's stock expected returns. We can calculate the autocorrelation of Amana Bank returns to help us make a trade decision. For example, suppose you find that Amana Bank 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 |
Amana Bank 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 Amana Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amana Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amana Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Amana Bank Lagged Returns
When evaluating Amana Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amana Bank stock have on its future price. Amana Bank 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, Amana Bank autocorrelation shows the relationship between Amana Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Amana Bank.
Regressed Prices |
| Timeline |
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Amana Bank financial ratios help investors to determine whether Amana 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 Amana with respect to the benefits of owning Amana Bank security.