Associated (Sri Lanka) Market Value
| AMFN0000 | LKR 30.70 1.30 4.42% |
| Symbol | Associated |
Please note, there is a significant difference between Associated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Associated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Associated'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.
Associated '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 Associated'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 Associated.
| 11/17/2024 |
| 12/17/2024 |
If you would invest 0.00 in Associated on November 17, 2024 and sell it all today you would earn a total of 0.00 from holding Associated Motor Finance or generate 0.0% return on investment in Associated over 30 days. More
Associated 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 Associated'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 Associated Motor Finance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.85 | |||
| Information Ratio | 0.1379 | |||
| Maximum Drawdown | 12.44 | |||
| Value At Risk | (3.62) | |||
| Potential Upside | 4.42 |
Associated Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Associated's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Associated's standard deviation. In reality, there are many statistical measures that can use Associated historical prices to predict the future Associated's volatility.| Risk Adjusted Performance | 0.1341 | |||
| Jensen Alpha | 0.4161 | |||
| Total Risk Alpha | 0.1498 | |||
| Sortino Ratio | 0.1651 | |||
| Treynor Ratio | (0.83) |
Associated Motor Finance Backtested Returns
Associated appears to be very steady, given 3 months investment horizon. Associated Motor Finance secures Sharpe Ratio (or Efficiency) of 0.19, which signifies that the company had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Associated Motor Finance, which you can use to evaluate the volatility of the firm. Please makes use of Associated's Downside Deviation of 1.85, mean deviation of 1.57, and Risk Adjusted Performance of 0.1341 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Associated holds a performance score of 15. The firm shows a Beta (market volatility) of -0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Associated are expected to decrease at a much lower rate. During the bear market, Associated is likely to outperform the market. Please check Associated's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Associated's price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Associated Motor Finance has good predictability. Overlapping area represents the amount of predictability between Associated time series from 17th of November 2024 to 2nd of December 2024 and 2nd of December 2024 to 17th 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 Associated Motor Finance price movement. The serial correlation of 0.68 indicates that around 68.0% of current Associated price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.5 | |
| Residual Average | 0.0 | |
| Price Variance | 0.52 |
Associated Motor Finance lagged returns against current returns
Autocorrelation, which is Associated 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 Associated's stock expected returns. We can calculate the autocorrelation of Associated returns to help us make a trade decision. For example, suppose you find that Associated 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 |
Associated 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 Associated stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Associated stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Associated stock over time.
Current vs Lagged Prices |
| Timeline |
Associated Lagged Returns
When evaluating Associated's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Associated stock have on its future price. Associated 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, Associated autocorrelation shows the relationship between Associated stock current value and its past values and can show if there is a momentum factor associated with investing in Associated Motor Finance.
Regressed Prices |
| Timeline |
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Associated financial ratios help investors to determine whether Associated 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 Associated with respect to the benefits of owning Associated security.