Interloop Correlations

ILP Stock

90.21 1.28 1.40%

The current 90-days correlation between Interloop and National Refinery is 0.21 (i.e., Modest diversification). The correlation of Interloop is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Interloop Correlation With Market

Poor diversification

The correlation between Interloop and DJI is 0.78 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Interloop and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Interloop could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Interloop when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Interloop - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Interloop to buy it.

Moving together with Interloop Stock

0.79	SHFA	Shifa International	Pair Corr
0.87	HMB	Habib Metropolitan Bank	Pair Corr
0.66	PAKRI	Pakistan Reinsurance	Pair Corr
0.75	POL	Pakistan Oilfields	Pair Corr
0.72	PTC	Pakistan Telecommunicatio	Pair Corr
0.64	NML	Nishat Mills	Pair Corr
0.66	AGTL	Al Ghazi Tractors	Pair Corr
0.78	SCBPL	Standard Chartered Bank	Pair Corr
0.9	MTL	Millat Tractors	Pair Corr
0.78	ATLH	Atlas Honda	Pair Corr
0.87	AGP	AGP	Pair Corr
0.63	GATM	Gul Ahmed Textile	Pair Corr
0.61	IGIL	IGI Life Insurance	Pair Corr
0.65	ATIL	Atlas Insurance	Pair Corr
0.72	IPAK	Int Packaging Films	Pair Corr
0.62	BAHL	Bank Al Habib	Pair Corr
0.65	TCORPCPS	Tariq CorpPref	Pair Corr

Moving against Interloop Stock

0.67	ARUJ	Aruj Industries	Pair Corr
0.32	IBLHL	IBL HealthCare	Pair Corr

Related Correlations Analysis

	BAFS	MARI	MTL	MCB-CMAR	TCORPCPS	POL	ARUJ	ILP	EFERT-CMAR	NRL
BAFS		0.21	-0.33	-0.13	0.15	-0.26	-0.06	-0.28	-0.1	0.01	BAFS
MARI	0.21		0.09	0.52	-0.19	0.33	-0.17	0.16	0.75	0.55	MARI
MTL	-0.33	0.09		0.24	0.54	0.77	-0.68	0.9	0.62	0.48	MTL
MCB-CMAR	-0.13	0.52	0.24		-0.01	0.46	-0.12	0.36	0.54	0.45	MCB-CMAR
TCORPCPS	0.15	-0.19	0.54	-0.01		0.4	-0.6	0.65	0.08	0.36	TCORPCPS
POL	-0.26	0.33	0.77	0.46	0.4		-0.62	0.75	0.7	0.76	POL
ARUJ	-0.06	-0.17	-0.68	-0.12	-0.6	-0.62		-0.67	-0.47	-0.65	ARUJ
ILP	-0.28	0.16	0.9	0.36	0.65	0.75	-0.67		0.55	0.56	ILP
EFERT-CMAR	-0.1	0.75	0.62	0.54	0.08	0.7	-0.47	0.55		0.63	EFERT-CMAR
NRL	0.01	0.55	0.48	0.45	0.36	0.76	-0.65	0.56	0.63		NRL
	BAFS	MARI	MTL	MCB-CMAR	TCORPCPS	POL	ARUJ	ILP	EFERT-CMAR	NRL

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

ILP	+ 0.9	MTL
POL	+ 0.77	MTL
NRL	+ 0.76	POL
EFERT-CMAR	+ 0.75	MARI
ILP	+ 0.75	POL
EFERT-CMAR	+ 0.7	POL

High negative correlations

ARUJ	- 0.68	MTL
ILP	- 0.67	ARUJ
NRL	- 0.65	ARUJ
ARUJ	- 0.62	POL
ARUJ	- 0.6	TCORPCPS
EFERT-CMAR	- 0.47	ARUJ

Risk-Adjusted Indicators

There is a big difference between Interloop Stock performing well and Interloop Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Interloop's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BAFS	3.19	(0.23)	0.00	(0.11)	0.00	0.00	7.26	(5.98)	16.10
MARI	0.65	0.00	(0.08)	0.02	0.69	(0.90)	1.76	(1.33)	4.52
MTL	0.78	0.10	0.03	(0.30)	0.79	(0.90)	2.30	(1.69)	5.34
MCB-CMAR	1.41	0.21	0.11	1.70	1.10	(1.65)	3.23	(2.28)	10.58
TCORPCPS	4.09	0.96	0.16	2.10	3.90	(5.77)	10.03	(7.71)	21.10
POL	0.79	0.12	0.06	(2.61)	0.88	(0.85)	2.21	(1.47)	10.06
ARUJ	2.90	(0.14)	0.00	(0.55)	0.00	0.00	7.39	(6.20)	19.98
ILP	1.39	0.24	0.14	0.42	1.35	(1.70)	3.32	(2.75)	13.48
EFERT-CMAR	1.57	(0.19)	0.00	(0.62)	0.00	0.00	3.97	(3.43)	13.78
NRL	2.06	0.39	0.13	(0.26)	1.86	(2.65)	5.32	(3.65)	14.73

Interloop 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 Interloop stock to make a market-neutral strategy. Peer analysis of Interloop could also be used in its relative valuation, which is a method of valuing Interloop by comparing valuation metrics with similar companies.

Baba Farid Sugar Mari Energies Millat Tractors MCB Bank Tariq CorpPref Pakistan Oilfields Aruj Industries Interloop Engro Fertert National Refinery American Airlines Group Alcoa Corp Apple Inc Best Buy Co Citigroup

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