Carson Cumberbatch (Sri Lanka) Market Value
| CARSN0000 | LKR 343.75 11.00 3.10% |
| Symbol | Carson |
Please note, there is a significant difference between Carson Cumberbatch's value and its price as these two are different measures arrived at by different means. Investors typically determine if Carson Cumberbatch is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Carson Cumberbatch'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.
Carson Cumberbatch '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 Carson Cumberbatch'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 Carson Cumberbatch.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Carson Cumberbatch on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Carson Cumberbatch PLC or generate 0.0% return on investment in Carson Cumberbatch over 360 days. More
Carson Cumberbatch 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 Carson Cumberbatch'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 Carson Cumberbatch PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.0747 | |||
| Maximum Drawdown | 10.23 | |||
| Value At Risk | (3.10) | |||
| Potential Upside | 3.73 |
Carson Cumberbatch Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Carson Cumberbatch's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Carson Cumberbatch's standard deviation. In reality, there are many statistical measures that can use Carson Cumberbatch historical prices to predict the future Carson Cumberbatch's volatility.| Risk Adjusted Performance | 0.106 | |||
| Jensen Alpha | 0.3079 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0613 | |||
| Treynor Ratio | (0.65) |
Carson Cumberbatch PLC Backtested Returns
Carson Cumberbatch appears to be very steady, given 3 months investment horizon. Carson Cumberbatch PLC secures Sharpe Ratio (or Efficiency) of 0.26, which signifies that the company had a 0.26% return per unit of risk over the last 3 months. By analyzing Carson Cumberbatch's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please makes use of Carson Cumberbatch's Mean Deviation of 1.27, downside deviation of 2.4, and Risk Adjusted Performance of 0.106 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Carson Cumberbatch holds a performance score of 20. The firm shows a Beta (market volatility) of -0.4, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Carson Cumberbatch are expected to decrease at a much lower rate. During the bear market, Carson Cumberbatch is likely to outperform the market. Please check Carson Cumberbatch's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Carson Cumberbatch's price patterns will revert.
Auto-correlation | 0.82 |
Very good predictability
Carson Cumberbatch PLC has very good predictability. Overlapping area represents the amount of predictability between Carson Cumberbatch time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 to 12th 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 Carson Cumberbatch PLC price movement. The serial correlation of 0.82 indicates that around 82.0% of current Carson Cumberbatch price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.82 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 387.31 |
Carson Cumberbatch PLC lagged returns against current returns
Autocorrelation, which is Carson Cumberbatch 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 Carson Cumberbatch's stock expected returns. We can calculate the autocorrelation of Carson Cumberbatch returns to help us make a trade decision. For example, suppose you find that Carson Cumberbatch 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 |
Carson Cumberbatch 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 Carson Cumberbatch stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Carson Cumberbatch stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Carson Cumberbatch stock over time.
Current vs Lagged Prices |
| Timeline |
Carson Cumberbatch Lagged Returns
When evaluating Carson Cumberbatch's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Carson Cumberbatch stock have on its future price. Carson Cumberbatch 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, Carson Cumberbatch autocorrelation shows the relationship between Carson Cumberbatch stock current value and its past values and can show if there is a momentum factor associated with investing in Carson Cumberbatch PLC.
Regressed Prices |
| Timeline |
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Carson Cumberbatch financial ratios help investors to determine whether Carson 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 Carson with respect to the benefits of owning Carson Cumberbatch security.