Tal Lanka (Sri Lanka) Market Value
| TAJN0000 | LKR 21.00 0.30 1.41% |
| Symbol | Tal |
Please note, there is a significant difference between Tal Lanka's value and its price as these two are different measures arrived at by different means. Investors typically determine if Tal Lanka is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Tal Lanka'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.
Tal Lanka '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 Tal Lanka'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 Tal Lanka.
| 11/16/2024 |
| 12/16/2024 |
If you would invest 0.00 in Tal Lanka on November 16, 2024 and sell it all today you would earn a total of 0.00 from holding Tal Lanka Hotels or generate 0.0% return on investment in Tal Lanka over 30 days. More
Tal Lanka 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 Tal Lanka'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 Tal Lanka Hotels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.02 | |||
| Information Ratio | 0.0827 | |||
| Maximum Drawdown | 14.11 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 5.31 |
Tal Lanka Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Tal Lanka's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Tal Lanka's standard deviation. In reality, there are many statistical measures that can use Tal Lanka historical prices to predict the future Tal Lanka's volatility.| Risk Adjusted Performance | 0.0907 | |||
| Jensen Alpha | 0.329 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0862 | |||
| Treynor Ratio | 1.48 |
Tal Lanka Hotels Backtested Returns
Tal Lanka appears to be not too volatile, given 3 months investment horizon. Tal Lanka Hotels owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Tal Lanka Hotels, which you can use to evaluate the volatility of the company. Please review Tal Lanka's Semi Deviation of 2.44, coefficient of variation of 873.37, and Risk Adjusted Performance of 0.0907 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Tal Lanka holds a performance score of 8. The entity has a beta of 0.24, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Tal Lanka's returns are expected to increase less than the market. However, during the bear market, the loss of holding Tal Lanka is expected to be smaller as well. Please check Tal Lanka's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Tal Lanka's existing price patterns will revert.
Auto-correlation | 0.04 |
Virtually no predictability
Tal Lanka Hotels has virtually no predictability. Overlapping area represents the amount of predictability between Tal Lanka time series from 16th of November 2024 to 1st of December 2024 and 1st of December 2024 to 16th 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 Tal Lanka Hotels price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Tal Lanka price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | -0.54 | |
| Residual Average | 0.0 | |
| Price Variance | 0.17 |
Tal Lanka Hotels lagged returns against current returns
Autocorrelation, which is Tal Lanka 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 Tal Lanka's stock expected returns. We can calculate the autocorrelation of Tal Lanka returns to help us make a trade decision. For example, suppose you find that Tal Lanka 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 |
Tal Lanka 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 Tal Lanka stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Tal Lanka stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Tal Lanka stock over time.
Current vs Lagged Prices |
| Timeline |
Tal Lanka Lagged Returns
When evaluating Tal Lanka's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Tal Lanka stock have on its future price. Tal Lanka 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, Tal Lanka autocorrelation shows the relationship between Tal Lanka stock current value and its past values and can show if there is a momentum factor associated with investing in Tal Lanka Hotels.
Regressed Prices |
| Timeline |
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Tal Lanka financial ratios help investors to determine whether Tal 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 Tal with respect to the benefits of owning Tal Lanka security.