BROWNS INVESTMENTS (Sri Lanka) Market Value
| BILN0000 | LKR 6.00 0.10 1.69% |
| Symbol | BROWNS |
Please note, there is a significant difference between BROWNS INVESTMENTS's value and its price as these two are different measures arrived at by different means. Investors typically determine if BROWNS INVESTMENTS is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, BROWNS INVESTMENTS'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.
BROWNS INVESTMENTS '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 BROWNS INVESTMENTS'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 BROWNS INVESTMENTS.
| 11/03/2024 |
| 12/03/2024 |
If you would invest 0.00 in BROWNS INVESTMENTS on November 3, 2024 and sell it all today you would earn a total of 0.00 from holding BROWNS INVESTMENTS PLC or generate 0.0% return on investment in BROWNS INVESTMENTS over 30 days. More
BROWNS INVESTMENTS 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 BROWNS INVESTMENTS'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 BROWNS INVESTMENTS PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.067 | |||
| Maximum Drawdown | 10.55 | |||
| Value At Risk | (2.04) | |||
| Potential Upside | 3.92 |
BROWNS INVESTMENTS Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for BROWNS INVESTMENTS's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as BROWNS INVESTMENTS's standard deviation. In reality, there are many statistical measures that can use BROWNS INVESTMENTS historical prices to predict the future BROWNS INVESTMENTS's volatility.| Risk Adjusted Performance | 0.1016 | |||
| Jensen Alpha | 0.2835 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.068 | |||
| Treynor Ratio | (1.22) |
BROWNS INVESTMENTS PLC Backtested Returns
BROWNS INVESTMENTS appears to be slightly risky, given 3 months investment horizon. BROWNS INVESTMENTS PLC secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for BROWNS INVESTMENTS PLC, which you can use to evaluate the volatility of the firm. Please makes use of BROWNS INVESTMENTS's mean deviation of 1.6, and Risk Adjusted Performance of 0.1016 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, BROWNS INVESTMENTS holds a performance score of 12. The firm shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning BROWNS INVESTMENTS are expected to decrease at a much lower rate. During the bear market, BROWNS INVESTMENTS is likely to outperform the market. Please check BROWNS INVESTMENTS's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether BROWNS INVESTMENTS's price patterns will revert.
Auto-correlation | -0.58 |
Good reverse predictability
BROWNS INVESTMENTS PLC has good reverse predictability. Overlapping area represents the amount of predictability between BROWNS INVESTMENTS time series from 3rd of November 2024 to 18th of November 2024 and 18th of November 2024 to 3rd 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 BROWNS INVESTMENTS PLC price movement. The serial correlation of -0.58 indicates that roughly 58.0% of current BROWNS INVESTMENTS price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.58 | |
| Spearman Rank Test | -0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
BROWNS INVESTMENTS PLC lagged returns against current returns
Autocorrelation, which is BROWNS INVESTMENTS 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 BROWNS INVESTMENTS's stock expected returns. We can calculate the autocorrelation of BROWNS INVESTMENTS returns to help us make a trade decision. For example, suppose you find that BROWNS INVESTMENTS 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 |
BROWNS INVESTMENTS 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 BROWNS INVESTMENTS stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if BROWNS INVESTMENTS stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in BROWNS INVESTMENTS stock over time.
Current vs Lagged Prices |
| Timeline |
BROWNS INVESTMENTS Lagged Returns
When evaluating BROWNS INVESTMENTS's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of BROWNS INVESTMENTS stock have on its future price. BROWNS INVESTMENTS 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, BROWNS INVESTMENTS autocorrelation shows the relationship between BROWNS INVESTMENTS stock current value and its past values and can show if there is a momentum factor associated with investing in BROWNS INVESTMENTS PLC.
Regressed Prices |
| Timeline |
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BROWNS INVESTMENTS financial ratios help investors to determine whether BROWNS 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 BROWNS with respect to the benefits of owning BROWNS INVESTMENTS security.