Peoples Insurance (Sri Lanka) Market Value
| PINSN0000 | LKR 28.30 0.50 1.80% |
| Symbol | Peoples |
Please note, there is a significant difference between Peoples Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Peoples Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Peoples 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.
Peoples 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 Peoples 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 Peoples Insurance.
| 11/13/2024 |
| 12/13/2024 |
If you would invest 0.00 in Peoples Insurance on November 13, 2024 and sell it all today you would earn a total of 0.00 from holding Peoples Insurance PLC or generate 0.0% return on investment in Peoples Insurance over 30 days. More
Peoples 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 Peoples 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 Peoples Insurance PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.1584 | |||
| Maximum Drawdown | 9.76 | |||
| Value At Risk | (2.22) | |||
| Potential Upside | 4.76 |
Peoples Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Peoples Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Peoples Insurance's standard deviation. In reality, there are many statistical measures that can use Peoples Insurance historical prices to predict the future Peoples Insurance's volatility.| Risk Adjusted Performance | 0.157 | |||
| Jensen Alpha | 0.5008 | |||
| Total Risk Alpha | 0.1441 | |||
| Sortino Ratio | 0.1979 | |||
| Treynor Ratio | (1.49) |
Peoples Insurance PLC Backtested Returns
Peoples Insurance appears to be very steady, given 3 months investment horizon. Peoples Insurance PLC maintains Sharpe Ratio (i.e., Efficiency) of 0.21, which implies the firm had a 0.21% return per unit of risk over the last 3 months. By analyzing Peoples Insurance's technical indicators, you can evaluate if the expected return of 0.5% is justified by implied risk. Please evaluate Peoples Insurance's Risk Adjusted Performance of 0.157, coefficient of variation of 483.95, and Semi Deviation of 1.23 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Peoples Insurance holds a performance score of 16. The company holds a Beta of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Peoples Insurance are expected to decrease at a much lower rate. During the bear market, Peoples Insurance is likely to outperform the market. Please check Peoples Insurance's value at risk, as well as the relationship between the skewness and day median price , to make a quick decision on whether Peoples Insurance's historical price patterns will revert.
Auto-correlation | -0.48 |
Modest reverse predictability
Peoples Insurance PLC has modest reverse predictability. Overlapping area represents the amount of predictability between Peoples Insurance time series from 13th of November 2024 to 28th of November 2024 and 28th of November 2024 to 13th 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 Peoples Insurance PLC price movement. The serial correlation of -0.48 indicates that about 48.0% of current Peoples Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.48 | |
| Spearman Rank Test | -0.47 | |
| Residual Average | 0.0 | |
| Price Variance | 4.36 |
Peoples Insurance PLC lagged returns against current returns
Autocorrelation, which is Peoples 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 Peoples Insurance's stock expected returns. We can calculate the autocorrelation of Peoples Insurance returns to help us make a trade decision. For example, suppose you find that Peoples 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 |
Peoples 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 Peoples Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Peoples Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Peoples Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Peoples Insurance Lagged Returns
When evaluating Peoples Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Peoples Insurance stock have on its future price. Peoples 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, Peoples Insurance autocorrelation shows the relationship between Peoples Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Peoples Insurance PLC.
Regressed Prices |
| Timeline |
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Peoples Insurance financial ratios help investors to determine whether Peoples 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 Peoples with respect to the benefits of owning Peoples Insurance security.