Mahaweli Reach (Sri Lanka) Market Value
| MRHN0000 | LKR 20.90 0.20 0.97% |
| Symbol | Mahaweli |
Please note, there is a significant difference between Mahaweli Reach's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mahaweli Reach is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mahaweli Reach'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.
Mahaweli Reach '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 Mahaweli Reach'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 Mahaweli Reach.
| 12/18/2023 |
| 12/12/2024 |
If you would invest 0.00 in Mahaweli Reach on December 18, 2023 and sell it all today you would earn a total of 0.00 from holding Mahaweli Reach Hotel or generate 0.0% return on investment in Mahaweli Reach over 360 days. More
Mahaweli Reach 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 Mahaweli Reach'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 Mahaweli Reach Hotel upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.58 | |||
| Information Ratio | 0.1734 | |||
| Maximum Drawdown | 20.33 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 8.7 |
Mahaweli Reach Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mahaweli Reach's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mahaweli Reach's standard deviation. In reality, there are many statistical measures that can use Mahaweli Reach historical prices to predict the future Mahaweli Reach's volatility.| Risk Adjusted Performance | 0.1572 | |||
| Jensen Alpha | 0.8707 | |||
| Total Risk Alpha | 0.1707 | |||
| Sortino Ratio | 0.1826 | |||
| Treynor Ratio | (0.86) |
Mahaweli Reach Hotel Backtested Returns
Mahaweli Reach appears to be somewhat reliable, given 3 months investment horizon. Mahaweli Reach Hotel has Sharpe Ratio of 0.21, which conveys that the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Mahaweli Reach's technical indicators, you can evaluate if the expected return of 0.75% is justified by implied risk. Please exercise Mahaweli Reach's Downside Deviation of 3.58, risk adjusted performance of 0.1572, and Mean Deviation of 2.53 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Mahaweli Reach holds a performance score of 16. The company secures a Beta (Market Risk) of -0.9, which conveys possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Mahaweli Reach are expected to decrease slowly. On the other hand, during market turmoil, Mahaweli Reach is expected to outperform it slightly. Please check Mahaweli Reach's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Mahaweli Reach's current price movements will revert.
Auto-correlation | 0.39 |
Below average predictability
Mahaweli Reach Hotel has below average predictability. Overlapping area represents the amount of predictability between Mahaweli Reach time series from 18th of December 2023 to 15th of June 2024 and 15th of June 2024 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 Mahaweli Reach Hotel price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Mahaweli Reach price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.73 |
Mahaweli Reach Hotel lagged returns against current returns
Autocorrelation, which is Mahaweli Reach 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 Mahaweli Reach's stock expected returns. We can calculate the autocorrelation of Mahaweli Reach returns to help us make a trade decision. For example, suppose you find that Mahaweli Reach 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 |
Mahaweli Reach 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 Mahaweli Reach stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mahaweli Reach stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mahaweli Reach stock over time.
Current vs Lagged Prices |
| Timeline |
Mahaweli Reach Lagged Returns
When evaluating Mahaweli Reach's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mahaweli Reach stock have on its future price. Mahaweli Reach 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, Mahaweli Reach autocorrelation shows the relationship between Mahaweli Reach stock current value and its past values and can show if there is a momentum factor associated with investing in Mahaweli Reach Hotel.
Regressed Prices |
| Timeline |
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Mahaweli Reach financial ratios help investors to determine whether Mahaweli 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 Mahaweli with respect to the benefits of owning Mahaweli Reach security.