Lanka Ashok (Sri Lanka) Today
Lanka Ashok is trading at 797.50 as of the 21st of November 2024, a 0.93 percent decrease since the beginning of the trading day. The stock's open price was 805.0. Equity ratings for Lanka Ashok Leyland are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of September 2024 and ending today, the 21st of November 2024. Click here to learn more.
Lanka Ashok Leyland Risk Profiles
Although Lanka Ashok's alpha and beta are two of the key measurements used to evaluate Lanka Ashok's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.6264 | |||
| Standard Deviation | 2.21 | |||
| Variance | 4.89 | |||
| Risk Adjusted Performance | 0.0367 |
Lanka Stock Against Markets
Lanka Ashok Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Lanka Ashok stock to make a market-neutral strategy. Peer analysis of Lanka Ashok could also be used in its relative valuation, which is a method of valuing Lanka Ashok by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Other Information on Investing in Lanka Stock
Lanka Ashok financial ratios help investors to determine whether Lanka 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 Lanka with respect to the benefits of owning Lanka Ashok security.