Amaya Leisure (Sri Lanka) Market Value
| CONNN0000 | LKR 29.10 0.90 3.00% |
| Symbol | Amaya |
Please note, there is a significant difference between Amaya Leisure's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amaya Leisure is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amaya Leisure'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.
Amaya Leisure '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 Amaya Leisure'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 Amaya Leisure.
| 02/03/2025 |
| 03/05/2025 |
If you would invest 0.00 in Amaya Leisure on February 3, 2025 and sell it all today you would earn a total of 0.00 from holding Amaya Leisure PLC or generate 0.0% return on investment in Amaya Leisure over 30 days. More
Amaya Leisure 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 Amaya Leisure'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 Amaya Leisure PLC upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.1 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 4.84 |
Amaya Leisure Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Amaya Leisure's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Amaya Leisure's standard deviation. In reality, there are many statistical measures that can use Amaya Leisure historical prices to predict the future Amaya Leisure's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | 0.1135 | |||
| Treynor Ratio | 1.5 |
Amaya Leisure PLC Backtested Returns
Amaya Leisure PLC secures Sharpe Ratio (or Efficiency) of -0.0477, which signifies that the company had a -0.0477 % return per unit of standard deviation over the last 3 months. Amaya Leisure PLC exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Amaya Leisure's mean deviation of 1.94, and Risk Adjusted Performance of (0.05) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Amaya Leisure are expected to decrease at a much lower rate. During the bear market, Amaya Leisure is likely to outperform the market. At this point, Amaya Leisure PLC has a negative expected return of -0.13%. Please make sure to confirm Amaya Leisure's potential upside, and the relationship between the jensen alpha and rate of daily change , to decide if Amaya Leisure PLC performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.01 |
Very weak reverse predictability
Amaya Leisure PLC has very weak reverse predictability. Overlapping area represents the amount of predictability between Amaya Leisure time series from 3rd of February 2025 to 18th of February 2025 and 18th of February 2025 to 5th of March 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 Amaya Leisure PLC price movement. The serial correlation of -0.01 indicates that just 1.0% of current Amaya Leisure price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.01 | |
| Spearman Rank Test | 0.33 | |
| Residual Average | 0.0 | |
| Price Variance | 0.49 |
Amaya Leisure PLC lagged returns against current returns
Autocorrelation, which is Amaya Leisure 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 Amaya Leisure's stock expected returns. We can calculate the autocorrelation of Amaya Leisure returns to help us make a trade decision. For example, suppose you find that Amaya Leisure 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 |
Amaya Leisure 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 Amaya Leisure stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Amaya Leisure stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Amaya Leisure stock over time.
Current vs Lagged Prices |
| Timeline |
Amaya Leisure Lagged Returns
When evaluating Amaya Leisure's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Amaya Leisure stock have on its future price. Amaya Leisure 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, Amaya Leisure autocorrelation shows the relationship between Amaya Leisure stock current value and its past values and can show if there is a momentum factor associated with investing in Amaya Leisure PLC.
Regressed Prices |
| Timeline |
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Amaya Leisure financial ratios help investors to determine whether Amaya 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 Amaya with respect to the benefits of owning Amaya Leisure security.