Askari Bank (Pakistan) Price on December 11, 2023
| AKBL Stock | 31.92 0.47 1.49% |
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 31.92, as last reported on the 27th of November, with the highest price reaching 34.60 and the lowest price hitting 31.20 during the day. Askari Bank appears to be very steady, given 3 months investment horizon. Askari Bank secures Sharpe Ratio (or Efficiency) of 0.23, which signifies that the company had a 0.23% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Askari Bank, which you can use to evaluate the volatility of the firm. Please makes use of Askari Bank's Mean Deviation of 1.3, risk adjusted performance of 0.1398, and Downside Deviation of 1.8 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 = 0.2344
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Estimated Market Risk
| 1.81 actual daily | 16 84% of assets are more volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 18 82% of assets perform better |
Based on monthly moving average Askari Bank is performing at about 18% 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 December 11, 2023
It is possible to determine the worth of Askari Bank on a given historical date. On December 11, 2023 Askari was worth 22.23 at the beginning of the trading date compared to the closed value of 22.36. 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 | |
| 20.38 | 21.79 | 20.38 | 21.79 | 4,692,000 | |
12/11/2023 | 22.23 | 23.42 | 20.64 | 22.36 | 57,610,500 |
| 22.21 | 23.09 | 22.03 | 22.20 | 8,921,000 |
| Backtest Askari Bank | | | Askari Bank History | | | Askari Bank Valuation | Previous | Next |
Askari Bank Trading Date Momentum on December 11, 2023
| On December 12 2023 Askari Bank was traded for 22.20 at the closing time. The highest price during the trading period was 23.09 and the lowest recorded bid was listed for 22.03 . The volume for the day was 8.9 M. This history from December 12, 2023 contributed to the next trading day price decline. The overall trading delta to the next closing price was 0.72% . The overall trading delta to the current price is 11.85% . |
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 27, 2024
| High |
0.00 | 0.00 |
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Askari Bank November 27, 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 | 0.1398 | |||
| Jensen Alpha | 0.2789 | |||
| Total Risk Alpha | 0.0275 | |||
| Sortino Ratio | 0.1114 | |||
| Treynor Ratio | 0.9439 |
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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.
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