Burshane LPG (Pakistan) Market Value
| BPL Stock | 29.37 1.43 5.12% |
| Symbol | Burshane |
Please note, there is a significant difference between Burshane LPG's value and its price as these two are different measures arrived at by different means. Investors typically determine if Burshane LPG is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Burshane LPG's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Burshane LPG '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 Burshane LPG'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 Burshane LPG.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in Burshane LPG on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding Burshane LPG or generate 0.0% return on investment in Burshane LPG over 30 days. Burshane LPG is related to or competes with TPL Insurance, Askari Bank, Soneri Bank, Bank of Punjab, Pak Gulf, EFU General, and Grays Leasing. More
Burshane LPG 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 Burshane LPG'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 Burshane LPG upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.08) | |||
| Maximum Drawdown | 15.01 | |||
| Value At Risk | (5.29) | |||
| Potential Upside | 7.5 |
Burshane LPG Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Burshane LPG's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Burshane LPG's standard deviation. In reality, there are many statistical measures that can use Burshane LPG historical prices to predict the future Burshane LPG's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.67) | |||
| Treynor Ratio | (0.40) |
Burshane LPG Backtested Returns
Burshane LPG secures Sharpe Ratio (or Efficiency) of -0.0638, which signifies that the company had a -0.0638% return per unit of risk over the last 3 months. Burshane LPG exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Burshane LPG's Mean Deviation of 2.55, standard deviation of 3.44, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.39, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Burshane LPG's returns are expected to increase less than the market. However, during the bear market, the loss of holding Burshane LPG is expected to be smaller as well. At this point, Burshane LPG has a negative expected return of -0.21%. Please make sure to confirm Burshane LPG's kurtosis, day median price, and the relationship between the potential upside and daily balance of power , to decide if Burshane LPG performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.20 |
Weak predictability
Burshane LPG has weak predictability. Overlapping area represents the amount of predictability between Burshane LPG time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Burshane LPG price movement. The serial correlation of 0.2 indicates that over 20.0% of current Burshane LPG price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.2 | |
| Spearman Rank Test | -0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 0.3 |
Burshane LPG lagged returns against current returns
Autocorrelation, which is Burshane LPG 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 Burshane LPG's stock expected returns. We can calculate the autocorrelation of Burshane LPG returns to help us make a trade decision. For example, suppose you find that Burshane LPG 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 |
Burshane LPG 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 Burshane LPG stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Burshane LPG stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Burshane LPG stock over time.
Current vs Lagged Prices |
| Timeline |
Burshane LPG Lagged Returns
When evaluating Burshane LPG's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Burshane LPG stock have on its future price. Burshane LPG 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, Burshane LPG autocorrelation shows the relationship between Burshane LPG stock current value and its past values and can show if there is a momentum factor associated with investing in Burshane LPG.
Regressed Prices |
| Timeline |
Pair Trading with Burshane LPG
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 Burshane LPG 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 Burshane LPG will appreciate offsetting losses from the drop in the long position's value.Moving against Burshane Stock
| 0.65 | MARI | Mari Petroleum Split | PairCorr |
| 0.61 | THCCL | Thatta Cement | PairCorr |
| 0.61 | REWM | Reliance Weaving Mills | PairCorr |
| 0.32 | FFL | Fauji Foods | PairCorr |
The ability to find closely correlated positions to Burshane LPG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Burshane LPG 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 Burshane LPG - 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 Burshane LPG to buy it.
The correlation of Burshane LPG 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 Burshane LPG moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Burshane LPG 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 Burshane LPG 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 Burshane Stock Analysis
When running Burshane LPG's price analysis, check to measure Burshane LPG'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 Burshane LPG is operating at the current time. Most of Burshane LPG's value examination focuses on studying past and present price action to predict the probability of Burshane LPG's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Burshane LPG's price. Additionally, you may evaluate how the addition of Burshane LPG to your portfolios can decrease your overall portfolio volatility.