Chemanex PLC (Sri Lanka) Market Value
| CHMXN0000 | LKR 104.50 0.75 0.72% |
| Symbol | Chemanex |
Please note, there is a significant difference between Chemanex PLC's value and its price as these two are different measures arrived at by different means. Investors typically determine if Chemanex PLC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Chemanex PLC'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.
Chemanex PLC '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 Chemanex PLC'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 Chemanex PLC.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Chemanex PLC on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Chemanex PLC or generate 0.0% return on investment in Chemanex PLC over 30 days. More
Chemanex PLC 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 Chemanex PLC'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 Chemanex PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.4 | |||
| Information Ratio | 0.1767 | |||
| Maximum Drawdown | 14.41 | |||
| Value At Risk | (3.17) | |||
| Potential Upside | 5.06 |
Chemanex PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chemanex PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Chemanex PLC's standard deviation. In reality, there are many statistical measures that can use Chemanex PLC historical prices to predict the future Chemanex PLC's volatility.| Risk Adjusted Performance | 0.1597 | |||
| Jensen Alpha | 0.5079 | |||
| Total Risk Alpha | 0.2529 | |||
| Sortino Ratio | 0.181 | |||
| Treynor Ratio | 31.04 |
Chemanex PLC Backtested Returns
Chemanex PLC appears to be very steady, given 3 months investment horizon. Chemanex PLC secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of standard deviation over the last 3 months. By analyzing Chemanex PLC's technical indicators, you can evaluate if the expected return of 0.58% is justified by implied risk. Please makes use of Chemanex PLC's mean deviation of 1.72, and Risk Adjusted Performance of 0.1597 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Chemanex PLC holds a performance score of 18. The firm shows a Beta (market volatility) of 0.0164, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chemanex PLC's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chemanex PLC is expected to be smaller as well. Please check Chemanex PLC's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Chemanex PLC's price patterns will revert.
Auto-correlation | 0.36 |
Below average predictability
Chemanex PLC has below average predictability. Overlapping area represents the amount of predictability between Chemanex PLC time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Chemanex PLC price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Chemanex PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.24 | |
| Residual Average | 0.0 | |
| Price Variance | 19.22 |
Chemanex PLC lagged returns against current returns
Autocorrelation, which is Chemanex PLC 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 Chemanex PLC's stock expected returns. We can calculate the autocorrelation of Chemanex PLC returns to help us make a trade decision. For example, suppose you find that Chemanex PLC 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 |
Chemanex PLC 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 Chemanex PLC stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Chemanex PLC stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Chemanex PLC stock over time.
Current vs Lagged Prices |
| Timeline |
Chemanex PLC Lagged Returns
When evaluating Chemanex PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Chemanex PLC stock have on its future price. Chemanex PLC 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, Chemanex PLC autocorrelation shows the relationship between Chemanex PLC stock current value and its past values and can show if there is a momentum factor associated with investing in Chemanex PLC.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Chemanex Stock
Chemanex PLC financial ratios help investors to determine whether Chemanex 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 Chemanex with respect to the benefits of owning Chemanex PLC security.