Al Shaheer (Pakistan) Market Value
| ASC Stock | 6.78 0.32 4.51% |
| Symbol | ASC |
Al Shaheer '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 Al Shaheer'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 Al Shaheer.
| 06/10/2023 |
| 12/01/2024 |
If you would invest 0.00 in Al Shaheer on June 10, 2023 and sell it all today you would earn a total of 0.00 from holding Al Shaheer or generate 0.0% return on investment in Al Shaheer over 540 days. Al Shaheer is related to or competes with Crescent Star, Shaheen Insurance, Matco Foods, Pakistan Telecommunicatio, National Foods, IBL HealthCare, and Askari General. More
Al Shaheer 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 Al Shaheer'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 Al Shaheer upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.15 | |||
| Information Ratio | (0.02) | |||
| Maximum Drawdown | 16.08 | |||
| Value At Risk | (3.75) | |||
| Potential Upside | 4.79 |
Al Shaheer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Al Shaheer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Al Shaheer's standard deviation. In reality, there are many statistical measures that can use Al Shaheer historical prices to predict the future Al Shaheer's volatility.| Risk Adjusted Performance | 0.0329 | |||
| Jensen Alpha | 0.1379 | |||
| Total Risk Alpha | (0.38) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | (0.19) |
Al Shaheer Backtested Returns
Currently, Al Shaheer is slightly risky. Al Shaheer retains Efficiency (Sharpe Ratio) of 0.0336, which signifies that the company had a 0.0336% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for Al Shaheer, which you can use to evaluate the volatility of the firm. Please confirm Al Shaheer's Standard Deviation of 2.77, coefficient of variation of 2975.76, and Market Risk Adjusted Performance of (0.18) to double-check if the risk estimate we provide is consistent with the expected return of 0.0931%. Al Shaheer has a performance score of 2 on a scale of 0 to 100. The firm owns a Beta (Systematic Risk) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Al Shaheer are expected to decrease at a much lower rate. During the bear market, Al Shaheer is likely to outperform the market. Al Shaheer at this moment owns a risk of 2.77%. Please confirm Al Shaheer mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Al Shaheer will be following its current price history.
Auto-correlation | -0.39 |
Poor reverse predictability
Al Shaheer has poor reverse predictability. Overlapping area represents the amount of predictability between Al Shaheer 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 Al Shaheer price movement. The serial correlation of -0.39 indicates that just about 39.0% of current Al Shaheer price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.39 | |
| Spearman Rank Test | -0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 1.93 |
Al Shaheer lagged returns against current returns
Autocorrelation, which is Al Shaheer 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 Al Shaheer's stock expected returns. We can calculate the autocorrelation of Al Shaheer returns to help us make a trade decision. For example, suppose you find that Al Shaheer 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 |
Al Shaheer 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 Al Shaheer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Al Shaheer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Al Shaheer stock over time.
Current vs Lagged Prices |
| Timeline |
Al Shaheer Lagged Returns
When evaluating Al Shaheer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Al Shaheer stock have on its future price. Al Shaheer 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, Al Shaheer autocorrelation shows the relationship between Al Shaheer stock current value and its past values and can show if there is a momentum factor associated with investing in Al Shaheer.
Regressed Prices |
| Timeline |
Pair Trading with Al Shaheer
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 Al Shaheer 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 Al Shaheer will appreciate offsetting losses from the drop in the long position's value.Moving together with ASC Stock
Moving against ASC Stock
| 0.7 | AGTL | Al Ghazi Tractors | PairCorr |
| 0.56 | PSO | Pakistan State Oil | PairCorr |
| 0.56 | HINO | Hinopak Motors | PairCorr |
| 0.55 | ABOT | Abbott Laboratories | PairCorr |
| 0.53 | CEPB | Century Paper Board | PairCorr |
The ability to find closely correlated positions to Al Shaheer could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Al Shaheer 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 Al Shaheer - 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 Al Shaheer to buy it.
The correlation of Al Shaheer 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 Al Shaheer moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Al Shaheer 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 Al Shaheer 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 ASC Stock Analysis
When running Al Shaheer's price analysis, check to measure Al Shaheer'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 Al Shaheer is operating at the current time. Most of Al Shaheer's value examination focuses on studying past and present price action to predict the probability of Al Shaheer's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Al Shaheer's price. Additionally, you may evaluate how the addition of Al Shaheer to your portfolios can decrease your overall portfolio volatility.