Browsing by Author "Herath, H.M.N.P."

Now showing 1 - 5 of 5

The performance of value verses growth stocks in Sri Lankan capital market: with special reference to post war era
(Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Herath, H.M.N.P.; Weligamage, S.
A post-treatment assessment on the quality of life of Prameha (Diabetic) patients; a study conducted at Prameha clinic in Bandaranaike Memorial Ayurveda Research Institute
(Young Ayurveda Researchers' and Innovators' Symposium (YARIS – 2019), Institutional Research Committee, Gampaha Wickramarachchi Ayurveda Institute, University of Kelaniya, Yakkala, Sri Lanka, 2019) Wasana, P.D.L.; Dilupa, M.K.N.; Madusanka, B.P.R.; Wijekumara, A.B.A.T.; Herath, H.M.N.P.; Asna, M.S.F.; Weerapana, W.; Mendis, R.; Kahingala, P.; Hewagamage, P.; Attanayake, S.
According to Ayurveda, Prameha refers to the passing of urine, qualified by prefix “Pra”, the excess in both frequency and quantity .The name Prameha is self-explanatory, which means “Prabhuthamutrata” (excessive urination) and “Avilamutratha” (Turbid urine). There are twenty types of Prameha. All types of urinary abnormalities are developed to Madhumeha, unless treated in early diagnosis and it becomes incurable. Diabetes mellitus resembles with Prameha in signs and symptoms. Diabetes is multifactorial disease which emerges as an irreversible outcome of a combination of metabolic and modifiable risk factors and is one of the leading non communicable diseases (NCDs) that affects morbidity, mortality and disability in the world. Diabetes is divided into 2 major subgroups as, Type I Diabetes mellitus (Insulin Deficiency) and Type II Diabetes mellitus (Insulin Resistant). It is mainly driven by unhealthy diets, insufficient physical activities, obesity and overweight. Quality of life is the general well-being of individuals and societies, outlining negative and positive features of life. It observes life satisfaction, including everything from physical health, family, education, employment, wealth, safety, security, freedom, religious beliefs, finance and the environment. This study was designed to identify the quality of life of Prameha patients who received Ayurveda treatment at Prameha Clinic in Bandaranaike Memorial Ayurveda Research Institute, Navinna, Sri Lanka. Cross- descriptive research (prospective study) was carried out at Prameha Clinic in this institute and accessed by 50 Prameha (diabetic) patients with SF 36 stranded questionnaire distributed among those who received treatment only under Ayurveda drug modalities. According to data analysis of the variables of general health, limitations of activities, physical health, emotional health problems, social activities, pain and energy and emotions the null hypothesis was rejected and the alternative hypothesis was accepted at the significant level p<0.05. It can be concluded that there was an improvement of quality of life of the subjected patients.
Predictability of Stock Return using Financial Ratios: Evidence from CSE FMCG sector
(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya Sri Lanka, 2020) Sanjula, N.H.D.; Herath, H.M.N.P.
Purpose – This study aims to check the suitability of using financial ratios to predict the stock returns of FMCG sector in the Colombo Stock Exchange, Sri Lanka. Design/Methodology/Approach – The study uses four financial ratios from multiple areas naming profitability, liquidity, solvency, and market valuation with a sample of 30 listed FMCG companies for a period of six years from 2014 to 2019. The data were analyzed using multiple regression model to understand the predictability of the stock return. Findings – The results indicate profitability, liquidity and market valuation ratios can predict the stock return in the short term and the long term. The return on assets, current ratio and price earnings ratio had significant predictability on stock returns, while debt to equity ratio did not show any significant results owing to the companies being in the mature stage of their product lifecycle. Conclusion –Investors can adopt a financial ratio model including profitability, liquidity and market-based ratios as a primary model to predict their stock returns before moving on to sophisticated fundamental analysis models.
Simulating Stock Prices Using Geometric Brownian Motion in the Malaysian Stock Market.
(Faculty of Commerce and Management Studies University of Kelaniya., 2024-11-01) Ramly, K.R.; Kethmi, G.A.P.; Herath, H.M.N.P.
Among these mathematical models, the Geometric Brownian Motion (GBM) model plays a pivotal role in predicting stock prices. Bursa Malaysia, the financial sector's foundation, offers a vibrant venue for securities trading, which is essential to the growth of the country's economy. This study aims to evaluate the GBM model’s performance in various market contexts in Malaysia, particularly considering different market capitalizations and industry sectors over various time frames. The sample for this study includes companies from the sectors of Financial Services, Property, Industrial Products & Services, and Transportation & Logistics and Daily stock price data obtained from Yahoo Finance from 2019 to 2023 used in the study. The methodology involves applying GBM to simulate short-term and long-term stock prices and evaluating the accuracy using statistical measures MAPE and RMSE. The findings reveal that the GBM model exhibits high accuracy in short-time forecasting across a diverse range of stocks, however, its efficiency diminishes over more extended forecasting periods also large-cap stocks yield more stocks and more accurate short-term predictions, also the model’s effectiveness varies significantly across the sector. This study establishes the model's effectiveness in short-term forecasting but cautions against its reduced accuracy for long-term predictions under varying market conditions. The research emphasizes the importance of a multifaceted approach to financial modelling, highlighting the need for careful application in long-term investment strategies and policy development within markets like Bursa Malaysia.
The Study of Performance of Value versus Growth Stocks in Sri Lankan Capital Market in Post War Era
(Department of Finance, Faculty of Commerce and Management Studies, University of Kelaniya, 2015) Herath, H.M.N.P.
Classification of stocks either value or growth has been considered as one of the investments styles, a modern investor would be gratified of. Value stocks are those stocks that trade at low prices compared to the fundaments of the company with low price multiples whereby growth stocks are those stocks with high price multiples and trade at high prices. The performance of value and growth stocks are studied by means of value and growth portfolios, which are constructed on the basis of price-toearnings, price-to-book and price-to-cash flow. Hence this study examines the performance of value and growth stocks during the post war era including the period of 2009 to 2014 in Sri Lankan Capital Market. The main objective of this study is to test the applicability of the theory to the Sri Lankan context. To classify stocks to be included in value or growth portfolios, ranking each of the multiple in descending order for each year has been used and the highest 30 companies were taken as growth portfolios and lowest 30 companies were taken as value portfolios. The portfolio average return, risk and beta were calculated for each portfolio as well as the return per unit of risk for each portfolio was measured by Jensen’s Alpha and Treynor methods. Besides return and risk, price-multiples are studied to identify whether one price multiple provide higher return than others. The findings of the study does not provide a statistically significant value premium for the value stocks in terms of absolute value as well as risk adjusted return basis, which leads to a conclusion that, in the Sri Lankan Capital Market Context, the outperformance of value stocks over growth stocks in a short time horizon does not hold valid.