Bank Al (Pakistan) Market Value
| BAHL Stock | 126.25 2.21 1.78% |
| Symbol | Bank |
Bank Al '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 Bank Al'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 Bank Al.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Bank Al on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Bank Al Habib or generate 0.0% return on investment in Bank Al over 30 days. Bank Al is related to or competes with National Bank, Meezan Bank, and Habib Metropolitan. More
Bank Al 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 Bank Al'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 Bank Al Habib upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.17 | |||
| Information Ratio | 0.1467 | |||
| Maximum Drawdown | 8.07 | |||
| Value At Risk | (1.52) | |||
| Potential Upside | 2.5 |
Bank Al Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bank Al's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bank Al's standard deviation. In reality, there are many statistical measures that can use Bank Al historical prices to predict the future Bank Al's volatility.| Risk Adjusted Performance | 0.1686 | |||
| Jensen Alpha | 0.3876 | |||
| Total Risk Alpha | 0.102 | |||
| Sortino Ratio | 0.2454 | |||
| Treynor Ratio | 2.79 |
Bank Al Habib Backtested Returns
Bank Al appears to be very steady, given 3 months investment horizon. Bank Al Habib 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 Bank Al Habib, which you can use to evaluate the volatility of the firm. Please makes use of Bank Al's Downside Deviation of 1.17, mean deviation of 1.23, and Risk Adjusted Performance of 0.1686 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bank Al holds a performance score of 18. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bank Al's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bank Al is expected to be smaller as well. Please check Bank Al's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Bank Al's price patterns will revert.
Auto-correlation | -0.7 |
Very good reverse predictability
Bank Al Habib has very good reverse predictability. Overlapping area represents the amount of predictability between Bank Al time series from 27th of October 2024 to 11th of November 2024 and 11th of November 2024 to 26th of November 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 Bank Al Habib price movement. The serial correlation of -0.7 indicates that around 70.0% of current Bank Al price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.7 | |
| Spearman Rank Test | -0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 36.5 |
Bank Al Habib lagged returns against current returns
Autocorrelation, which is Bank Al 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 Bank Al's stock expected returns. We can calculate the autocorrelation of Bank Al returns to help us make a trade decision. For example, suppose you find that Bank Al 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 |
Bank Al 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 Bank Al stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bank Al stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bank Al stock over time.
Current vs Lagged Prices |
| Timeline |
Bank Al Lagged Returns
When evaluating Bank Al's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bank Al stock have on its future price. Bank Al 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, Bank Al autocorrelation shows the relationship between Bank Al stock current value and its past values and can show if there is a momentum factor associated with investing in Bank Al Habib.
Regressed Prices |
| Timeline |
Pair Trading with Bank Al
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 Bank Al 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 Bank Al will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.91 | UBL | United Bank | PairCorr |
| 0.93 | BAFL | Bank Alfalah | PairCorr |
| 0.88 | ABL | Allied Bank | PairCorr |
| 0.81 | MEBL | Meezan Bank | PairCorr |
The ability to find closely correlated positions to Bank Al could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Al 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 Bank Al - 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 Bank Al Habib to buy it.
The correlation of Bank Al 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 Bank Al moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Al Habib 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 Bank Al 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.Other Information on Investing in Bank Stock
Bank Al financial ratios help investors to determine whether Bank Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Bank with respect to the benefits of owning Bank Al security.