Janashakthi Insurance (Sri Lanka) Market Value
| JINSN0000 | LKR 68.00 2.00 3.03% |
| Symbol | Janashakthi |
Please note, there is a significant difference between Janashakthi Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Janashakthi Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Janashakthi Insurance'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.
Janashakthi Insurance '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 Janashakthi Insurance'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 Janashakthi Insurance.
| 12/04/2024 |
| 03/04/2025 |
If you would invest 0.00 in Janashakthi Insurance on December 4, 2024 and sell it all today you would earn a total of 0.00 from holding Janashakthi Insurance or generate 0.0% return on investment in Janashakthi Insurance over 90 days. More
Janashakthi Insurance 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 Janashakthi Insurance'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 Janashakthi Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.64 | |||
| Information Ratio | 0.3054 | |||
| Maximum Drawdown | 11.78 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 4.96 |
Janashakthi Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Janashakthi Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Janashakthi Insurance's standard deviation. In reality, there are many statistical measures that can use Janashakthi Insurance historical prices to predict the future Janashakthi Insurance's volatility.| Risk Adjusted Performance | 0.2184 | |||
| Jensen Alpha | 0.6647 | |||
| Total Risk Alpha | 0.8203 | |||
| Sortino Ratio | 0.424 | |||
| Treynor Ratio | 1.33 |
Janashakthi Insurance Backtested Returns
Janashakthi Insurance appears to be very steady, given 3 months investment horizon. Janashakthi Insurance holds Efficiency (Sharpe) Ratio of 0.24, which attests that the entity had a 0.24 % return per unit of risk over the last 3 months. By evaluating Janashakthi Insurance's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please utilize Janashakthi Insurance's Risk Adjusted Performance of 0.2184, market risk adjusted performance of 1.34, and Downside Deviation of 1.64 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Janashakthi Insurance holds a performance score of 19. The company retains a Market Volatility (i.e., Beta) of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Janashakthi Insurance's returns are expected to increase less than the market. However, during the bear market, the loss of holding Janashakthi Insurance is expected to be smaller as well. Please check Janashakthi Insurance's expected short fall, and the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Janashakthi Insurance's current trending patterns will revert.
Auto-correlation | 0.61 |
Good predictability
Janashakthi Insurance has good predictability. Overlapping area represents the amount of predictability between Janashakthi Insurance time series from 4th of December 2024 to 18th of January 2025 and 18th of January 2025 to 4th 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 Janashakthi Insurance price movement. The serial correlation of 0.61 indicates that roughly 61.0% of current Janashakthi Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.61 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 12.78 |
Janashakthi Insurance lagged returns against current returns
Autocorrelation, which is Janashakthi Insurance 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 Janashakthi Insurance's stock expected returns. We can calculate the autocorrelation of Janashakthi Insurance returns to help us make a trade decision. For example, suppose you find that Janashakthi Insurance 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 |
Janashakthi Insurance 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 Janashakthi Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Janashakthi Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Janashakthi Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Janashakthi Insurance Lagged Returns
When evaluating Janashakthi Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Janashakthi Insurance stock have on its future price. Janashakthi Insurance 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, Janashakthi Insurance autocorrelation shows the relationship between Janashakthi Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Janashakthi Insurance.
Regressed Prices |
| Timeline |
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Janashakthi Insurance financial ratios help investors to determine whether Janashakthi 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 Janashakthi with respect to the benefits of owning Janashakthi Insurance security.