Aitken Spence (Sri Lanka) Market Value
| AHUNN0000 | LKR 79.10 0.90 1.15% |
| Symbol | Aitken |
Please note, there is a significant difference between Aitken Spence's value and its price as these two are different measures arrived at by different means. Investors typically determine if Aitken Spence is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Aitken Spence'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.
Aitken Spence '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 Aitken Spence'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 Aitken Spence.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Aitken Spence on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Aitken Spence Hotel or generate 0.0% return on investment in Aitken Spence over 90 days. More
Aitken Spence 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 Aitken Spence'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 Aitken Spence Hotel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.95 | |||
| Information Ratio | 0.0993 | |||
| Maximum Drawdown | 12.92 | |||
| Value At Risk | (2.84) | |||
| Potential Upside | 3.54 |
Aitken Spence Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Aitken Spence's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aitken Spence's standard deviation. In reality, there are many statistical measures that can use Aitken Spence historical prices to predict the future Aitken Spence's volatility.| Risk Adjusted Performance | 0.0565 | |||
| Jensen Alpha | 0.0822 | |||
| Total Risk Alpha | 0.3398 | |||
| Sortino Ratio | 0.1061 | |||
| Treynor Ratio | (0.38) |
Aitken Spence Hotel Backtested Returns
At this point, Aitken Spence is very steady. Aitken Spence Hotel secures Sharpe Ratio (or Efficiency) of 0.049, which signifies that the company had a 0.049 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Aitken Spence Hotel, which you can use to evaluate the volatility of the firm. Please confirm Aitken Spence's Downside Deviation of 1.95, mean deviation of 1.53, and Risk Adjusted Performance of 0.0565 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Aitken Spence has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.29, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Aitken Spence are expected to decrease at a much lower rate. During the bear market, Aitken Spence is likely to outperform the market. Aitken Spence Hotel right now shows a risk of 2.16%. Please confirm Aitken Spence Hotel skewness, and the relationship between the value at risk and day median price , to decide if Aitken Spence Hotel will be following its price patterns.
Auto-correlation | -0.67 |
Very good reverse predictability
Aitken Spence Hotel has very good reverse predictability. Overlapping area represents the amount of predictability between Aitken Spence time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Aitken Spence Hotel price movement. The serial correlation of -0.67 indicates that around 67.0% of current Aitken Spence price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.67 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 3.82 |
Aitken Spence Hotel lagged returns against current returns
Autocorrelation, which is Aitken Spence 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 Aitken Spence's stock expected returns. We can calculate the autocorrelation of Aitken Spence returns to help us make a trade decision. For example, suppose you find that Aitken Spence 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 |
Aitken Spence 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 Aitken Spence stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Aitken Spence stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Aitken Spence stock over time.
Current vs Lagged Prices |
| Timeline |
Aitken Spence Lagged Returns
When evaluating Aitken Spence's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Aitken Spence stock have on its future price. Aitken Spence 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, Aitken Spence autocorrelation shows the relationship between Aitken Spence stock current value and its past values and can show if there is a momentum factor associated with investing in Aitken Spence Hotel.
Regressed Prices |
| Timeline |
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Aitken Spence financial ratios help investors to determine whether Aitken 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 Aitken with respect to the benefits of owning Aitken Spence security.