Sanasa Development (Sri Lanka) Market Value
| SDBN0000 | LKR 32.90 0.20 0.60% |
| Symbol | Sanasa |
Please note, there is a significant difference between Sanasa Development's value and its price as these two are different measures arrived at by different means. Investors typically determine if Sanasa Development is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Sanasa Development'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.
Sanasa Development '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 Sanasa Development'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 Sanasa Development.
| 12/23/2022 |
| 12/12/2024 |
If you would invest 0.00 in Sanasa Development on December 23, 2022 and sell it all today you would earn a total of 0.00 from holding Sanasa Development Bank or generate 0.0% return on investment in Sanasa Development over 720 days. More
Sanasa Development 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 Sanasa Development'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 Sanasa Development Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.38 | |||
| Information Ratio | 0.0325 | |||
| Maximum Drawdown | 6.45 | |||
| Value At Risk | (1.95) | |||
| Potential Upside | 2.75 |
Sanasa Development Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sanasa Development's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sanasa Development's standard deviation. In reality, there are many statistical measures that can use Sanasa Development historical prices to predict the future Sanasa Development's volatility.| Risk Adjusted Performance | 0.0928 | |||
| Jensen Alpha | 0.1812 | |||
| Total Risk Alpha | (0.06) | |||
| Sortino Ratio | 0.033 | |||
| Treynor Ratio | (0.85) |
Sanasa Development Bank Backtested Returns
At this point, Sanasa Development is very steady. Sanasa Development Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.12, which indicates the firm had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sanasa Development Bank, which you can use to evaluate the volatility of the company. Please validate Sanasa Development's Semi Deviation of 1.02, coefficient of variation of 820.52, and Risk Adjusted Performance of 0.0928 to confirm if the risk estimate we provide is consistent with the expected return of 0.17%. Sanasa Development has a performance score of 9 on a scale of 0 to 100. The entity has a beta of -0.19, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Sanasa Development are expected to decrease at a much lower rate. During the bear market, Sanasa Development is likely to outperform the market. Sanasa Development Bank right now has a risk of 1.43%. Please validate Sanasa Development total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to decide if Sanasa Development will be following its existing price patterns.
Auto-correlation | -0.26 |
Weak reverse predictability
Sanasa Development Bank has weak reverse predictability. Overlapping area represents the amount of predictability between Sanasa Development time series from 23rd of December 2022 to 18th of December 2023 and 18th of December 2023 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 Sanasa Development Bank price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Sanasa Development price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 2.3 |
Sanasa Development Bank lagged returns against current returns
Autocorrelation, which is Sanasa Development 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 Sanasa Development's stock expected returns. We can calculate the autocorrelation of Sanasa Development returns to help us make a trade decision. For example, suppose you find that Sanasa Development 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 |
Sanasa Development 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 Sanasa Development stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sanasa Development stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sanasa Development stock over time.
Current vs Lagged Prices |
| Timeline |
Sanasa Development Lagged Returns
When evaluating Sanasa Development's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sanasa Development stock have on its future price. Sanasa Development 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, Sanasa Development autocorrelation shows the relationship between Sanasa Development stock current value and its past values and can show if there is a momentum factor associated with investing in Sanasa Development Bank.
Regressed Prices |
| Timeline |
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Sanasa Development financial ratios help investors to determine whether Sanasa 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 Sanasa with respect to the benefits of owning Sanasa Development security.