Renuka Shaw (Sri Lanka) Market Value
| COCON0000 | LKR 10.90 0.20 1.87% |
| Symbol | Renuka |
Please note, there is a significant difference between Renuka Shaw's value and its price as these two are different measures arrived at by different means. Investors typically determine if Renuka Shaw is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Renuka Shaw'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.
Renuka Shaw '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 Renuka Shaw'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 Renuka Shaw.
| 12/02/2022 |
| 11/21/2024 |
If you would invest 0.00 in Renuka Shaw on December 2, 2022 and sell it all today you would earn a total of 0.00 from holding Renuka Shaw Wallace or generate 0.0% return on investment in Renuka Shaw over 720 days. More
Renuka Shaw 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 Renuka Shaw'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 Renuka Shaw Wallace upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 10.11 | |||
| Value At Risk | (3.42) | |||
| Potential Upside | 4.95 |
Renuka Shaw Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Renuka Shaw's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Renuka Shaw's standard deviation. In reality, there are many statistical measures that can use Renuka Shaw historical prices to predict the future Renuka Shaw's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.34) | |||
| Treynor Ratio | 0.2003 |
Renuka Shaw Wallace Backtested Returns
Renuka Shaw Wallace maintains Sharpe Ratio (i.e., Efficiency) of -0.0225, which implies the firm had a -0.0225% return per unit of risk over the last 3 months. Renuka Shaw Wallace exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Renuka Shaw's Coefficient Of Variation of (2,511), risk adjusted performance of (0.02), and Variance of 4.56 to confirm the risk estimate we provide. The company holds a Beta of -0.47, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Renuka Shaw are expected to decrease at a much lower rate. During the bear market, Renuka Shaw is likely to outperform the market. At this point, Renuka Shaw Wallace has a negative expected return of -0.0504%. Please make sure to check Renuka Shaw's potential upside, as well as the relationship between the rate of daily change and period momentum indicator , to decide if Renuka Shaw Wallace performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.76 |
Good predictability
Renuka Shaw Wallace has good predictability. Overlapping area represents the amount of predictability between Renuka Shaw time series from 2nd of December 2022 to 27th of November 2023 and 27th of November 2023 to 21st of November 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 Renuka Shaw Wallace price movement. The serial correlation of 0.76 indicates that around 76.0% of current Renuka Shaw price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.76 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 4.46 |
Renuka Shaw Wallace lagged returns against current returns
Autocorrelation, which is Renuka Shaw 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 Renuka Shaw's stock expected returns. We can calculate the autocorrelation of Renuka Shaw returns to help us make a trade decision. For example, suppose you find that Renuka Shaw 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 |
Renuka Shaw 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 Renuka Shaw stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Renuka Shaw stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Renuka Shaw stock over time.
Current vs Lagged Prices |
| Timeline |
Renuka Shaw Lagged Returns
When evaluating Renuka Shaw's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Renuka Shaw stock have on its future price. Renuka Shaw 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, Renuka Shaw autocorrelation shows the relationship between Renuka Shaw stock current value and its past values and can show if there is a momentum factor associated with investing in Renuka Shaw Wallace.
Regressed Prices |
| Timeline |
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Renuka Shaw financial ratios help investors to determine whether Renuka 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 Renuka with respect to the benefits of owning Renuka Shaw security.