Singhe Hospitals (Sri Lanka) Market Value
| SINHN0000 | LKR 2.40 0.10 4.00% |
| Symbol | Singhe |
Please note, there is a significant difference between Singhe Hospitals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Singhe Hospitals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Singhe Hospitals' 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.
Singhe Hospitals '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 Singhe Hospitals' 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 Singhe Hospitals.
| 09/12/2024 |
| 12/11/2024 |
If you would invest 0.00 in Singhe Hospitals on September 12, 2024 and sell it all today you would earn a total of 0.00 from holding Singhe Hospitals or generate 0.0% return on investment in Singhe Hospitals over 90 days. More
Singhe Hospitals 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 Singhe Hospitals' 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 Singhe Hospitals upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 12.35 | |||
| Value At Risk | (4.17) | |||
| Potential Upside | 4.35 |
Singhe Hospitals Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Singhe Hospitals' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Singhe Hospitals' standard deviation. In reality, there are many statistical measures that can use Singhe Hospitals historical prices to predict the future Singhe Hospitals' volatility.| Risk Adjusted Performance | (0.0004) | |||
| Jensen Alpha | (0.13) | |||
| Total Risk Alpha | (0.48) | |||
| Treynor Ratio | (0.05) |
Singhe Hospitals Backtested Returns
Singhe Hospitals owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0108, which indicates the firm had a -0.0108% return per unit of risk over the last 3 months. Singhe Hospitals exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Singhe Hospitals' Risk Adjusted Performance of (0.0004), coefficient of variation of (9,251), and Variance of 7.86 to confirm the risk estimate we provide. The entity has a beta of 0.75, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Singhe Hospitals' returns are expected to increase less than the market. However, during the bear market, the loss of holding Singhe Hospitals is expected to be smaller as well. At this point, Singhe Hospitals has a negative expected return of -0.0303%. Please make sure to validate Singhe Hospitals' treynor ratio, kurtosis, as well as the relationship between the Kurtosis and day typical price , to decide if Singhe Hospitals performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.22 |
Weak predictability
Singhe Hospitals has weak predictability. Overlapping area represents the amount of predictability between Singhe Hospitals time series from 12th of September 2024 to 27th of October 2024 and 27th of October 2024 to 11th 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 Singhe Hospitals price movement. The serial correlation of 0.22 indicates that over 22.0% of current Singhe Hospitals price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.22 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Singhe Hospitals lagged returns against current returns
Autocorrelation, which is Singhe Hospitals 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 Singhe Hospitals' stock expected returns. We can calculate the autocorrelation of Singhe Hospitals returns to help us make a trade decision. For example, suppose you find that Singhe Hospitals 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 |
Singhe Hospitals 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 Singhe Hospitals stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Singhe Hospitals stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Singhe Hospitals stock over time.
Current vs Lagged Prices |
| Timeline |
Singhe Hospitals Lagged Returns
When evaluating Singhe Hospitals' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Singhe Hospitals stock have on its future price. Singhe Hospitals 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, Singhe Hospitals autocorrelation shows the relationship between Singhe Hospitals stock current value and its past values and can show if there is a momentum factor associated with investing in Singhe Hospitals.
Regressed Prices |
| Timeline |
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Singhe Hospitals financial ratios help investors to determine whether Singhe 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 Singhe with respect to the benefits of owning Singhe Hospitals security.