Lanka Ceramic (Sri Lanka) Market Value
| CERAN0000 | LKR 135.50 5.50 3.90% |
| Symbol | Lanka |
Please note, there is a significant difference between Lanka Ceramic's value and its price as these two are different measures arrived at by different means. Investors typically determine if Lanka Ceramic is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Lanka Ceramic'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.
Lanka Ceramic '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 Lanka Ceramic'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 Lanka Ceramic.
| 12/11/2024 |
| 01/10/2025 |
If you would invest 0.00 in Lanka Ceramic on December 11, 2024 and sell it all today you would earn a total of 0.00 from holding Lanka Ceramic PLC or generate 0.0% return on investment in Lanka Ceramic over 30 days. More
Lanka Ceramic 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 Lanka Ceramic'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 Lanka Ceramic PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.11 | |||
| Information Ratio | 0.1583 | |||
| Maximum Drawdown | 19.57 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 5.14 |
Lanka Ceramic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Lanka Ceramic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Lanka Ceramic's standard deviation. In reality, there are many statistical measures that can use Lanka Ceramic historical prices to predict the future Lanka Ceramic's volatility.| Risk Adjusted Performance | 0.1408 | |||
| Jensen Alpha | 0.4915 | |||
| Total Risk Alpha | 0.428 | |||
| Sortino Ratio | 0.1532 | |||
| Treynor Ratio | 3.18 |
Lanka Ceramic PLC Backtested Returns
Lanka Ceramic appears to be very steady, given 3 months investment horizon. Lanka Ceramic PLC has Sharpe Ratio of 0.15, which conveys that the firm had a 0.15% return per unit of risk over the last 3 months. We have found thirty technical indicators for Lanka Ceramic, which you can use to evaluate the volatility of the firm. Please exercise Lanka Ceramic's Mean Deviation of 1.71, downside deviation of 3.11, and Risk Adjusted Performance of 0.1408 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Lanka Ceramic holds a performance score of 12. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Lanka Ceramic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Lanka Ceramic is expected to be smaller as well. Please check Lanka Ceramic's sortino ratio, skewness, price action indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether Lanka Ceramic's current price movements will revert.
Auto-correlation | -0.81 |
Excellent reverse predictability
Lanka Ceramic PLC has excellent reverse predictability. Overlapping area represents the amount of predictability between Lanka Ceramic time series from 11th of December 2024 to 26th of December 2024 and 26th of December 2024 to 10th of January 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 Lanka Ceramic PLC price movement. The serial correlation of -0.81 indicates that around 81.0% of current Lanka Ceramic price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.81 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 21.95 |
Lanka Ceramic PLC lagged returns against current returns
Autocorrelation, which is Lanka Ceramic 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 Lanka Ceramic's stock expected returns. We can calculate the autocorrelation of Lanka Ceramic returns to help us make a trade decision. For example, suppose you find that Lanka Ceramic 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 |
Lanka Ceramic 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 Lanka Ceramic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Lanka Ceramic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Lanka Ceramic stock over time.
Current vs Lagged Prices |
| Timeline |
Lanka Ceramic Lagged Returns
When evaluating Lanka Ceramic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Lanka Ceramic stock have on its future price. Lanka Ceramic 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, Lanka Ceramic autocorrelation shows the relationship between Lanka Ceramic stock current value and its past values and can show if there is a momentum factor associated with investing in Lanka Ceramic PLC.
Regressed Prices |
| Timeline |
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Lanka Ceramic financial ratios help investors to determine whether Lanka 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 Lanka with respect to the benefits of owning Lanka Ceramic security.