Prime Lands (Sri Lanka) Market Value
| PLRN0000 | 9.90 0.10 1.00% |
| Symbol | Prime |
Please note, there is a significant difference between Prime Lands' value and its price as these two are different measures arrived at by different means. Investors typically determine if Prime Lands is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prime Lands' 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.
Prime Lands '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 Prime Lands' 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 Prime Lands.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Prime Lands on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Prime Lands Residencies or generate 0.0% return on investment in Prime Lands over 30 days. More
Prime Lands 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 Prime Lands' 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 Prime Lands Residencies upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.24 | |||
| Information Ratio | 0.1263 | |||
| Maximum Drawdown | 9.53 | |||
| Value At Risk | (3.03) | |||
| Potential Upside | 4.65 |
Prime Lands Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Prime Lands' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Prime Lands' standard deviation. In reality, there are many statistical measures that can use Prime Lands historical prices to predict the future Prime Lands' volatility.| Risk Adjusted Performance | 0.1418 | |||
| Jensen Alpha | 0.4432 | |||
| Total Risk Alpha | 0.0488 | |||
| Sortino Ratio | 0.1149 | |||
| Treynor Ratio | (0.60) |
Prime Lands Residencies Backtested Returns
Prime Lands appears to be somewhat reliable, given 3 months investment horizon. Prime Lands Residencies maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Prime Lands Residencies, which you can use to evaluate the volatility of the company. Please evaluate Prime Lands' Coefficient Of Variation of 533.84, risk adjusted performance of 0.1418, and Semi Deviation of 1.41 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Prime Lands holds a performance score of 14. The company holds a Beta of -0.62, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Prime Lands are expected to decrease at a much lower rate. During the bear market, Prime Lands is likely to outperform the market. Please check Prime Lands' 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 Prime Lands' historical price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
Prime Lands Residencies has below average predictability. Overlapping area represents the amount of predictability between Prime Lands time series from 12th of November 2024 to 27th of November 2024 and 27th of November 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 Prime Lands Residencies price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Prime Lands price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.56 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Prime Lands Residencies lagged returns against current returns
Autocorrelation, which is Prime Lands 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 Prime Lands' stock expected returns. We can calculate the autocorrelation of Prime Lands returns to help us make a trade decision. For example, suppose you find that Prime Lands 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 |
Prime Lands 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 Prime Lands stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Prime Lands stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Prime Lands stock over time.
Current vs Lagged Prices |
| Timeline |
Prime Lands Lagged Returns
When evaluating Prime Lands' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Prime Lands stock have on its future price. Prime Lands 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, Prime Lands autocorrelation shows the relationship between Prime Lands stock current value and its past values and can show if there is a momentum factor associated with investing in Prime Lands Residencies.
Regressed Prices |
| Timeline |
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Prime Lands financial ratios help investors to determine whether Prime 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 Prime with respect to the benefits of owning Prime Lands security.