Atlas Honda (Pakistan) Market Value
| ATLH Stock | 877.99 6.86 0.79% |
| Symbol | Atlas |
Atlas Honda '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 Atlas Honda'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 Atlas Honda.
| 02/28/2023 |
| 02/17/2025 |
If you would invest 0.00 in Atlas Honda on February 28, 2023 and sell it all today you would earn a total of 0.00 from holding Atlas Honda or generate 0.0% return on investment in Atlas Honda over 720 days.
Atlas Honda 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 Atlas Honda'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 Atlas Honda upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | 0.0113 | |||
| Maximum Drawdown | 13.11 | |||
| Value At Risk | (2.86) | |||
| Potential Upside | 2.75 |
Atlas Honda Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Atlas Honda's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Atlas Honda's standard deviation. In reality, there are many statistical measures that can use Atlas Honda historical prices to predict the future Atlas Honda's volatility.| Risk Adjusted Performance | 0.0184 | |||
| Jensen Alpha | 0.0248 | |||
| Total Risk Alpha | 0.0214 | |||
| Sortino Ratio | 0.0153 | |||
| Treynor Ratio | (0.14) |
Atlas Honda Backtested Returns
At this point, Atlas Honda is very steady. Atlas Honda secures Sharpe Ratio (or Efficiency) of 0.0257, which signifies that the company had a 0.0257 % return per unit of risk over the last 3 months. We have found thirty technical indicators for Atlas Honda, which you can use to evaluate the volatility of the firm. Please confirm Atlas Honda's Downside Deviation of 1.53, mean deviation of 1.3, and Risk Adjusted Performance of 0.0184 to double-check if the risk estimate we provide is consistent with the expected return of 0.055%. Atlas Honda has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Atlas Honda are expected to decrease at a much lower rate. During the bear market, Atlas Honda is likely to outperform the market. Atlas Honda right now shows a risk of 2.14%. Please confirm Atlas Honda coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to decide if Atlas Honda will be following its price patterns.
Auto-correlation | 0.89 |
Very good predictability
Atlas Honda has very good predictability. Overlapping area represents the amount of predictability between Atlas Honda time series from 28th of February 2023 to 23rd of February 2024 and 23rd of February 2024 to 17th of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Atlas Honda price movement. The serial correlation of 0.89 indicates that approximately 89.0% of current Atlas Honda price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.89 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 31 K |
Atlas Honda lagged returns against current returns
Autocorrelation, which is Atlas Honda 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 Atlas Honda's stock expected returns. We can calculate the autocorrelation of Atlas Honda returns to help us make a trade decision. For example, suppose you find that Atlas Honda 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 |
Atlas Honda 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 Atlas Honda stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Atlas Honda stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Atlas Honda stock over time.
Current vs Lagged Prices |
| Timeline |
Atlas Honda Lagged Returns
When evaluating Atlas Honda's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Atlas Honda stock have on its future price. Atlas Honda 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, Atlas Honda autocorrelation shows the relationship between Atlas Honda stock current value and its past values and can show if there is a momentum factor associated with investing in Atlas Honda.
Regressed Prices |
| Timeline |
Pair Trading with Atlas Honda
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 Atlas Honda 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 Atlas Honda will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Atlas Honda could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Atlas Honda 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 Atlas Honda - 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 Atlas Honda to buy it.
The correlation of Atlas Honda 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 Atlas Honda moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Atlas Honda 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 Atlas Honda 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.