Convenience Foods (Sri Lanka) Market Value
| SOYN0000 | LKR 903.25 1.50 0.17% |
| Symbol | Convenience |
Please note, there is a significant difference between Convenience Foods' value and its price as these two are different measures arrived at by different means. Investors typically determine if Convenience Foods is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Convenience Foods' 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.
Convenience Foods '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 Convenience Foods' 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 Convenience Foods.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Convenience Foods on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Convenience Foods PLC or generate 0.0% return on investment in Convenience Foods over 390 days. More
Convenience Foods 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 Convenience Foods' 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 Convenience Foods PLC upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.69 | |||
| Information Ratio | 0.0522 | |||
| Maximum Drawdown | 12.91 | |||
| Value At Risk | (2.56) | |||
| Potential Upside | 4.35 |
Convenience Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Convenience Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Convenience Foods' standard deviation. In reality, there are many statistical measures that can use Convenience Foods historical prices to predict the future Convenience Foods' volatility.| Risk Adjusted Performance | 0.0864 | |||
| Jensen Alpha | 0.2397 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.0595 | |||
| Treynor Ratio | (0.55) |
Convenience Foods PLC Backtested Returns
Convenience Foods appears to be very steady, given 3 months investment horizon. Convenience Foods PLC secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Convenience Foods PLC, which you can use to evaluate the volatility of the firm. Please makes use of Convenience Foods' Downside Deviation of 1.69, mean deviation of 1.31, and Risk Adjusted Performance of 0.0864 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Convenience Foods holds a performance score of 12. The firm shows a Beta (market volatility) of -0.37, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Convenience Foods are expected to decrease at a much lower rate. During the bear market, Convenience Foods is likely to outperform the market. Please check Convenience Foods' total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Convenience Foods' price patterns will revert.
Auto-correlation | 0.85 |
Very good predictability
Convenience Foods PLC has very good predictability. Overlapping area represents the amount of predictability between Convenience Foods time series from 19th of November 2023 to 1st of June 2024 and 1st of June 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 Convenience Foods PLC price movement. The serial correlation of 0.85 indicates that around 85.0% of current Convenience Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.85 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 1992.76 |
Convenience Foods PLC lagged returns against current returns
Autocorrelation, which is Convenience Foods 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 Convenience Foods' stock expected returns. We can calculate the autocorrelation of Convenience Foods returns to help us make a trade decision. For example, suppose you find that Convenience Foods 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 |
Convenience Foods 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 Convenience Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Convenience Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Convenience Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Convenience Foods Lagged Returns
When evaluating Convenience Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Convenience Foods stock have on its future price. Convenience Foods 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, Convenience Foods autocorrelation shows the relationship between Convenience Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Convenience Foods PLC.
Regressed Prices |
| Timeline |
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Convenience Foods financial ratios help investors to determine whether Convenience 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 Convenience with respect to the benefits of owning Convenience Foods security.