Distilleries Company (Sri Lanka) Market Value
| DISTN0000 | LKR 35.00 0.20 0.57% |
| Symbol | Distilleries |
Please note, there is a significant difference between Distilleries Company's value and its price as these two are different measures arrived at by different means. Investors typically determine if Distilleries Company is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Distilleries Company'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.
Distilleries Company '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 Distilleries Company'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 Distilleries Company.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Distilleries Company on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Distilleries Company of or generate 0.0% return on investment in Distilleries Company over 720 days. More
Distilleries Company 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 Distilleries Company'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 Distilleries Company of upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.09 | |||
| Information Ratio | 0.2872 | |||
| Maximum Drawdown | 6.36 | |||
| Value At Risk | (1.22) | |||
| Potential Upside | 3.24 |
Distilleries Company Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Distilleries Company's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Distilleries Company's standard deviation. In reality, there are many statistical measures that can use Distilleries Company historical prices to predict the future Distilleries Company's volatility.| Risk Adjusted Performance | 0.2775 | |||
| Jensen Alpha | 0.54 | |||
| Total Risk Alpha | 0.2919 | |||
| Sortino Ratio | 0.3638 | |||
| Treynor Ratio | (1.97) |
Distilleries Company Backtested Returns
Distilleries Company appears to be very steady, given 3 months investment horizon. Distilleries Company secures Sharpe Ratio (or Efficiency) of 0.39, which denotes the company had a 0.39% return per unit of risk over the last 3 months. By reviewing Distilleries Company's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please utilize Distilleries Company's Coefficient Of Variation of 264.89, mean deviation of 1.02, and Downside Deviation of 1.09 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Distilleries Company holds a performance score of 30. The firm shows a Beta (market volatility) of -0.26, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Distilleries Company are expected to decrease at a much lower rate. During the bear market, Distilleries Company is likely to outperform the market. Please check Distilleries Company's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Distilleries Company's price patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Distilleries Company of has below average predictability. Overlapping area represents the amount of predictability between Distilleries Company time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 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 Distilleries Company price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Distilleries Company price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.17 | |
| Residual Average | 0.0 | |
| Price Variance | 4.68 |
Distilleries Company lagged returns against current returns
Autocorrelation, which is Distilleries Company 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 Distilleries Company's stock expected returns. We can calculate the autocorrelation of Distilleries Company returns to help us make a trade decision. For example, suppose you find that Distilleries Company 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 |
Distilleries Company 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 Distilleries Company stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Distilleries Company stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Distilleries Company stock over time.
Current vs Lagged Prices |
| Timeline |
Distilleries Company Lagged Returns
When evaluating Distilleries Company's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Distilleries Company stock have on its future price. Distilleries Company 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, Distilleries Company autocorrelation shows the relationship between Distilleries Company stock current value and its past values and can show if there is a momentum factor associated with investing in Distilleries Company of.
Regressed Prices |
| Timeline |
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Distilleries Company financial ratios help investors to determine whether Distilleries 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 Distilleries with respect to the benefits of owning Distilleries Company security.