Bunnys (Pakistan) Market Value
| BNL Stock | 15.15 0.39 2.64% |
| Symbol | Bunnys |
Bunnys '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 Bunnys' 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 Bunnys.
| 02/29/2024 |
| 11/25/2024 |
If you would invest 0.00 in Bunnys on February 29, 2024 and sell it all today you would earn a total of 0.00 from holding Bunnys Limited or generate 0.0% return on investment in Bunnys over 270 days.
Bunnys 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 Bunnys' 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 Bunnys Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.0371 | |||
| Maximum Drawdown | 9.02 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 3.4 |
Bunnys Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bunnys' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bunnys' standard deviation. In reality, there are many statistical measures that can use Bunnys historical prices to predict the future Bunnys' volatility.| Risk Adjusted Performance | 0.0859 | |||
| Jensen Alpha | 0.1428 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0339 | |||
| Treynor Ratio | 0.4639 |
Bunnys Limited Backtested Returns
Bunnys appears to be not too volatile, given 3 months investment horizon. Bunnys Limited secures Sharpe Ratio (or Efficiency) of 0.1, which signifies that the company had a 0.1% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bunnys Limited, which you can use to evaluate the volatility of the firm. Please makes use of Bunnys' Downside Deviation of 2.13, risk adjusted performance of 0.0859, and Mean Deviation of 1.44 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Bunnys holds a performance score of 8. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bunnys' returns are expected to increase less than the market. However, during the bear market, the loss of holding Bunnys is expected to be smaller as well. Please check Bunnys' jensen alpha, maximum drawdown, semi variance, as well as the relationship between the sortino ratio and potential upside , to make a quick decision on whether Bunnys' price patterns will revert.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Bunnys Limited has insignificant reverse predictability. Overlapping area represents the amount of predictability between Bunnys time series from 29th of February 2024 to 13th of July 2024 and 13th of July 2024 to 25th 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 Bunnys Limited price movement. The serial correlation of -0.2 indicates that over 20.0% of current Bunnys price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 0.2 |
Bunnys Limited lagged returns against current returns
Autocorrelation, which is Bunnys 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 Bunnys' stock expected returns. We can calculate the autocorrelation of Bunnys returns to help us make a trade decision. For example, suppose you find that Bunnys 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 |
Bunnys 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 Bunnys stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bunnys stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bunnys stock over time.
Current vs Lagged Prices |
| Timeline |
Bunnys Lagged Returns
When evaluating Bunnys' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bunnys stock have on its future price. Bunnys 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, Bunnys autocorrelation shows the relationship between Bunnys stock current value and its past values and can show if there is a momentum factor associated with investing in Bunnys Limited.
Regressed Prices |
| Timeline |
Pair Trading with Bunnys
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 Bunnys 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 Bunnys will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bunnys could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bunnys 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 Bunnys - 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 Bunnys Limited to buy it.
The correlation of Bunnys 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 Bunnys moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bunnys Limited 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 Bunnys 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 Bunnys Stock Analysis
When running Bunnys' price analysis, check to measure Bunnys' 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 Bunnys is operating at the current time. Most of Bunnys' value examination focuses on studying past and present price action to predict the probability of Bunnys' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bunnys' price. Additionally, you may evaluate how the addition of Bunnys to your portfolios can decrease your overall portfolio volatility.