Hunas Falls (Sri Lanka) Market Value
| HUNAN0000 | LKR 24.90 0.20 0.80% |
| Symbol | Hunas |
Please note, there is a significant difference between Hunas Falls' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hunas Falls is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hunas Falls' 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.
Hunas Falls '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 Hunas Falls' 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 Hunas Falls.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Hunas Falls on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Hunas Falls Hotels or generate 0.0% return on investment in Hunas Falls over 180 days. More
Hunas Falls 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 Hunas Falls' 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 Hunas Falls Hotels upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.1) | |||
| Maximum Drawdown | 13.05 | |||
| Value At Risk | (4.74) | |||
| Potential Upside | 4.24 |
Hunas Falls Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hunas Falls' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hunas Falls' standard deviation. In reality, there are many statistical measures that can use Hunas Falls historical prices to predict the future Hunas Falls' volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.21) | |||
| Total Risk Alpha | (0.49) | |||
| Treynor Ratio | (0.37) |
Hunas Falls Hotels Backtested Returns
Hunas Falls Hotels holds Efficiency (Sharpe) Ratio of -0.046, which attests that the entity had a -0.046% return per unit of risk over the last 3 months. Hunas Falls Hotels exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hunas Falls' Standard Deviation of 2.62, market risk adjusted performance of (0.36), and Risk Adjusted Performance of (0.04) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Hunas Falls' returns are expected to increase less than the market. However, during the bear market, the loss of holding Hunas Falls is expected to be smaller as well. At this point, Hunas Falls Hotels has a negative expected return of -0.11%. Please make sure to check out Hunas Falls' value at risk, as well as the relationship between the accumulation distribution and day typical price , to decide if Hunas Falls Hotels performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.52 |
Good reverse predictability
Hunas Falls Hotels has good reverse predictability. Overlapping area represents the amount of predictability between Hunas Falls time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th 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 Hunas Falls Hotels price movement. The serial correlation of -0.52 indicates that about 52.0% of current Hunas Falls price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.52 | |
| Spearman Rank Test | -0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.88 |
Hunas Falls Hotels lagged returns against current returns
Autocorrelation, which is Hunas Falls 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 Hunas Falls' stock expected returns. We can calculate the autocorrelation of Hunas Falls returns to help us make a trade decision. For example, suppose you find that Hunas Falls 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 |
Hunas Falls 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 Hunas Falls stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hunas Falls stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hunas Falls stock over time.
Current vs Lagged Prices |
| Timeline |
Hunas Falls Lagged Returns
When evaluating Hunas Falls' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hunas Falls stock have on its future price. Hunas Falls 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, Hunas Falls autocorrelation shows the relationship between Hunas Falls stock current value and its past values and can show if there is a momentum factor associated with investing in Hunas Falls Hotels.
Regressed Prices |
| Timeline |
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Hunas Falls financial ratios help investors to determine whether Hunas 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 Hunas with respect to the benefits of owning Hunas Falls security.