Commercial Credit (Sri Lanka) Market Value
| COCRN0000 | LKR 47.40 0.90 1.94% |
| Symbol | Commercial |
Please note, there is a significant difference between Commercial Credit's value and its price as these two are different measures arrived at by different means. Investors typically determine if Commercial Credit is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Commercial Credit'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.
Commercial Credit '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 Commercial Credit'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 Commercial Credit.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Commercial Credit on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Commercial Credit and or generate 0.0% return on investment in Commercial Credit over 390 days. More
Commercial Credit 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 Commercial Credit'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 Commercial Credit and upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.7 | |||
| Information Ratio | 0.2576 | |||
| Maximum Drawdown | 9.97 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 4.68 |
Commercial Credit Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Commercial Credit's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Commercial Credit's standard deviation. In reality, there are many statistical measures that can use Commercial Credit historical prices to predict the future Commercial Credit's volatility.| Risk Adjusted Performance | 0.2335 | |||
| Jensen Alpha | 0.6051 | |||
| Total Risk Alpha | 0.3411 | |||
| Sortino Ratio | 0.3079 | |||
| Treynor Ratio | 3.0 |
Commercial Credit Backtested Returns
Commercial Credit appears to be very steady, given 3 months investment horizon. Commercial Credit secures Sharpe Ratio (or Efficiency) of 0.34, which signifies that the company had a 0.34% return per unit of risk over the last 3 months. By analyzing Commercial Credit's technical indicators, you can evaluate if the expected return of 0.67% is justified by implied risk. Please makes use of Commercial Credit's Risk Adjusted Performance of 0.2335, downside deviation of 1.7, and Mean Deviation of 1.55 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Commercial Credit holds a performance score of 26. 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, Commercial Credit's returns are expected to increase less than the market. However, during the bear market, the loss of holding Commercial Credit is expected to be smaller as well. Please check Commercial Credit's downside variance, and the relationship between the sortino ratio and accumulation distribution , to make a quick decision on whether Commercial Credit's price patterns will revert.
Auto-correlation | 0.44 |
Average predictability
Commercial Credit and has average predictability. Overlapping area represents the amount of predictability between Commercial Credit time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th 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 Commercial Credit price movement. The serial correlation of 0.44 indicates that just about 44.0% of current Commercial Credit price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.44 | |
| Spearman Rank Test | 0.39 | |
| Residual Average | 0.0 | |
| Price Variance | 17.93 |
Commercial Credit lagged returns against current returns
Autocorrelation, which is Commercial Credit 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 Commercial Credit's stock expected returns. We can calculate the autocorrelation of Commercial Credit returns to help us make a trade decision. For example, suppose you find that Commercial Credit 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 |
Commercial Credit 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 Commercial Credit stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Commercial Credit stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Commercial Credit stock over time.
Current vs Lagged Prices |
| Timeline |
Commercial Credit Lagged Returns
When evaluating Commercial Credit's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Commercial Credit stock have on its future price. Commercial Credit 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, Commercial Credit autocorrelation shows the relationship between Commercial Credit stock current value and its past values and can show if there is a momentum factor associated with investing in Commercial Credit and.
Regressed Prices |
| Timeline |
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Commercial Credit financial ratios help investors to determine whether Commercial 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 Commercial with respect to the benefits of owning Commercial Credit security.