HNB Finance (Sri Lanka) Market Value
| HNBFN0000 | 4.30 0.10 2.38% |
| Symbol | HNB |
Please note, there is a significant difference between HNB Finance's value and its price as these two are different measures arrived at by different means. Investors typically determine if HNB Finance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, HNB Finance'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.
HNB Finance '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 HNB Finance'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 HNB Finance.
| 12/26/2022 |
| 12/15/2024 |
If you would invest 0.00 in HNB Finance on December 26, 2022 and sell it all today you would earn a total of 0.00 from holding HNB Finance or generate 0.0% return on investment in HNB Finance over 720 days. More
HNB Finance 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 HNB Finance'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 HNB Finance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 33.59 | |||
| Value At Risk | (3.51) | |||
| Potential Upside | 3.85 |
HNB Finance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for HNB Finance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as HNB Finance's standard deviation. In reality, there are many statistical measures that can use HNB Finance historical prices to predict the future HNB Finance's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.24) | |||
| Total Risk Alpha | (0.65) | |||
| Treynor Ratio | (0.14) |
HNB Finance Backtested Returns
HNB Finance retains Efficiency (Sharpe Ratio) of -0.0359, which attests that the entity had a -0.0359% return per unit of return volatility over the last 3 months. HNB Finance exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out HNB Finance's Market Risk Adjusted Performance of (0.13), coefficient of variation of (2,990), and Standard Deviation of 4.06 to validate the risk estimate we provide. The company owns a Beta (Systematic Risk) of 1.01, which attests to a somewhat significant risk relative to the market. HNB Finance returns are very sensitive to returns on the market. As the market goes up or down, HNB Finance is expected to follow. At this point, HNB Finance has a negative expected return of -0.15%. Please make sure to check out HNB Finance's value at risk, and the relationship between the jensen alpha and accumulation distribution , to decide if HNB Finance performance from the past will be repeated in the future.
Auto-correlation | -0.14 |
Insignificant reverse predictability
HNB Finance has insignificant reverse predictability. Overlapping area represents the amount of predictability between HNB Finance time series from 26th of December 2022 to 21st of December 2023 and 21st of December 2023 to 15th 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 HNB Finance price movement. The serial correlation of -0.14 indicates that less than 14.0% of current HNB Finance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.14 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.13 |
HNB Finance lagged returns against current returns
Autocorrelation, which is HNB Finance 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 HNB Finance's stock expected returns. We can calculate the autocorrelation of HNB Finance returns to help us make a trade decision. For example, suppose you find that HNB Finance 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 |
HNB Finance 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 HNB Finance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if HNB Finance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in HNB Finance stock over time.
Current vs Lagged Prices |
| Timeline |
HNB Finance Lagged Returns
When evaluating HNB Finance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of HNB Finance stock have on its future price. HNB Finance 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, HNB Finance autocorrelation shows the relationship between HNB Finance stock current value and its past values and can show if there is a momentum factor associated with investing in HNB Finance.
Regressed Prices |
| Timeline |
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HNB Finance financial ratios help investors to determine whether HNB 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 HNB with respect to the benefits of owning HNB Finance security.