Attock Petroleum (Pakistan) Market Value
| APL Stock | 468.44 27.86 5.61% |
| Symbol | Attock |
Attock Petroleum 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Attock Petroleum's stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Attock Petroleum.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Attock Petroleum on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Attock Petroleum or generate 0.0% return on investment in Attock Petroleum over 540 days. Attock Petroleum is related to or competes with Pak Gulf, EFU General, Reliance Insurance, Adamjee Insurance, Century Insurance, and Atlas Insurance. More
Attock Petroleum Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Attock Petroleum's stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Attock Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.72 | |||
| Information Ratio | 0.0111 | |||
| Maximum Drawdown | 8.53 | |||
| Value At Risk | (2.75) | |||
| Potential Upside | 3.93 |
Attock Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Attock Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Attock Petroleum's standard deviation. In reality, there are many statistical measures that can use Attock Petroleum historical prices to predict the future Attock Petroleum's volatility.| Risk Adjusted Performance | 0.0696 | |||
| Jensen Alpha | 0.1139 | |||
| Total Risk Alpha | (0.17) | |||
| Sortino Ratio | 0.0123 | |||
| Treynor Ratio | 0.5447 |
Attock Petroleum Backtested Returns
Attock Petroleum appears to be very steady, given 3 months investment horizon. Attock Petroleum secures Sharpe Ratio (or Efficiency) of 0.12, which signifies that the company had a 0.12% return per unit of risk over the last 3 months. We have found thirty technical indicators for Attock Petroleum, which you can use to evaluate the volatility of the firm. Please makes use of Attock Petroleum's Risk Adjusted Performance of 0.0696, mean deviation of 1.33, and Downside Deviation of 1.72 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Attock Petroleum holds a performance score of 9. The firm shows a Beta (market volatility) of 0.27, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Attock Petroleum's returns are expected to increase less than the market. However, during the bear market, the loss of holding Attock Petroleum is expected to be smaller as well. Please check Attock Petroleum's potential upside, skewness, and the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Attock Petroleum's price patterns will revert.
Auto-correlation | 0.79 |
Good predictability
Attock Petroleum has good predictability. Overlapping area represents the amount of predictability between Attock Petroleum time series from 10th of June 2023 to 6th of March 2024 and 6th of March 2024 to 1st of December 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Attock Petroleum price movement. The serial correlation of 0.79 indicates that around 79.0% of current Attock Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.79 | |
| Spearman Rank Test | 0.78 | |
| Residual Average | 0.0 | |
| Price Variance | 874.98 |
Attock Petroleum lagged returns against current returns
Autocorrelation, which is Attock Petroleum stock's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Attock Petroleum's stock expected returns. We can calculate the autocorrelation of Attock Petroleum returns to help us make a trade decision. For example, suppose you find that Attock Petroleum has exhibited high autocorrelation historically, and you observe that the stock is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Attock Petroleum regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Attock Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Attock Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Attock Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Attock Petroleum Lagged Returns
When evaluating Attock Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Attock Petroleum stock have on its future price. Attock Petroleum autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Attock Petroleum autocorrelation shows the relationship between Attock Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Attock Petroleum.
Regressed Prices |
| Timeline |
Pair Trading with Attock Petroleum
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Attock Petroleum position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Attock Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with Attock Stock
Moving against Attock Stock
The ability to find closely correlated positions to Attock Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Attock Petroleum 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 Attock Petroleum - 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 Attock Petroleum to buy it.
The correlation of Attock Petroleum 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Attock Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Attock Petroleum moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Attock Petroleum can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Attock Stock Analysis
When running Attock Petroleum's price analysis, check to measure Attock Petroleum'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 Attock Petroleum is operating at the current time. Most of Attock Petroleum's value examination focuses on studying past and present price action to predict the probability of Attock Petroleum's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Attock Petroleum's price. Additionally, you may evaluate how the addition of Attock Petroleum to your portfolios can decrease your overall portfolio volatility.