Askari Bank (Pakistan) Price on October 31, 2023
| AKBL Stock | 31.19 1.92 6.56% |
If you're considering investing in Askari Stock, it is important to understand the factors that can impact its price. As of today, the current price of Askari Bank stands at 31.19, as last reported on the 23rd of November, with the highest price reaching 32.19 and the lowest price hitting 29.30 during the day. Askari Bank appears to be very steady, given 3 months investment horizon. Askari Bank secures Sharpe Ratio (or Efficiency) of 0.16, which signifies that the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Askari Bank, which you can use to evaluate the volatility of the firm. Please makes use of Askari Bank's Risk Adjusted Performance of 0.1019, downside deviation of 1.77, and Mean Deviation of 1.2 to double-check if our risk estimates are consistent with your expectations.
Askari Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Askari |
Sharpe Ratio = 0.1645
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | AKBL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 1.91 actual daily | 17 83% of assets are more volatile |
Expected Return
| 0.31 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Askari Bank is performing at about 12% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Askari Bank by adding it to a well-diversified portfolio.
Askari Bank Valuation on October 31, 2023
It is possible to determine the worth of Askari Bank on a given historical date. On October 31, 2023 Askari was worth 16.25 at the beginning of the trading date compared to the closed value of 16.23. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Askari Bank stock. Still, in general, we apply an absolute valuation method to find Askari Bank's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Askari Bank where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Askari Bank's related companies.
| Open | High | Low | Close | Volume | |
| 16.17 | 16.41 | 16.08 | 16.31 | 136,000 | |
10/31/2023 | 16.25 | 16.45 | 16.12 | 16.23 | 317,500 |
| 16.20 | 16.43 | 16.20 | 16.28 | 104,500 |
| Backtest Askari Bank | | | Askari Bank History | | | Askari Bank Valuation | Previous | Next |
Askari Bank Trading Date Momentum on October 31, 2023
| On November 01 2023 Askari Bank was traded for 16.28 at the closing time. The highest price during the trading period was 16.43 and the lowest recorded bid was listed for 16.20 . The volume for the day was 104.5 K. This history from November 1, 2023 contributed to the next trading day price jump. The overall trading delta to the next closing price was 0.31% . The overall trading delta to the current price is 7.21% . |
Askari Bank Fundamentals Correlations and Trends
By evaluating Askari Bank's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Askari Bank's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Askari financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Askari Bank Stock history
Askari Bank investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Askari is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Askari Bank will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Askari Bank stock prices may prove useful in developing a viable investing in Askari Bank
Askari Bank Stock Technical Analysis
Askari Bank technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Askari Bank Period Price Range
Low | November 23, 2024
| High |
0.00 | 0.00 |
Askari Bank cannot be verified against its exchange. Please verify the symbol is currently traded on Karachi Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Askari Bank November 23, 2024 Market Strength
Market strength indicators help investors to evaluate how Askari Bank stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Askari Bank shares will generate the highest return on investment. By undertsting and applying Askari Bank stock market strength indicators, traders can identify Askari Bank entry and exit signals to maximize returns
Askari Bank Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Askari Bank's price direction in advance. Along with the technical and fundamental analysis of Askari Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Askari to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1019 | |||
| Jensen Alpha | 0.1882 | |||
| Total Risk Alpha | (0.02) | |||
| Sortino Ratio | 0.0602 | |||
| Treynor Ratio | 1.16 |
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Complementary Tools for Askari Stock analysis
When running Askari Bank's price analysis, check to measure Askari Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Askari Bank is operating at the current time. Most of Askari Bank's value examination focuses on studying past and present price action to predict the probability of Askari Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Askari Bank's price. Additionally, you may evaluate how the addition of Askari Bank to your portfolios can decrease your overall portfolio volatility.
| Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Earnings Calls Check upcoming earnings announcements updated hourly across public exchanges | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| AI Portfolio Architect Use AI to generate optimal portfolios and find profitable investment opportunities |