Cnergyico (Pakistan) Market Value
| CNERGY Stock | 4.02 0.47 10.47% |
| Symbol | Cnergyico |
Cnergyico '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 Cnergyico'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 Cnergyico.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Cnergyico on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Cnergyico PK or generate 0.0% return on investment in Cnergyico over 30 days.
Cnergyico 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 Cnergyico'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 Cnergyico PK upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.55 | |||
| Information Ratio | 0.0031 | |||
| Maximum Drawdown | 8.43 | |||
| Value At Risk | (2.73) | |||
| Potential Upside | 3.98 |
Cnergyico Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cnergyico's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Cnergyico's standard deviation. In reality, there are many statistical measures that can use Cnergyico historical prices to predict the future Cnergyico's volatility.| Risk Adjusted Performance | 0.0587 | |||
| Jensen Alpha | 0.0654 | |||
| Total Risk Alpha | (0.19) | |||
| Sortino Ratio | 0.004 | |||
| Treynor Ratio | 0.2491 |
Cnergyico PK Backtested Returns
At this point, Cnergyico is very steady. Cnergyico PK secures Sharpe Ratio (or Efficiency) of 0.0188, which signifies that the company had a 0.0188% return per unit of standard deviation over the last 3 months. We have found thirty technical indicators for Cnergyico PK, which you can use to evaluate the volatility of the firm. Please confirm Cnergyico's risk adjusted performance of 0.0587, and Mean Deviation of 1.55 to double-check if the risk estimate we provide is consistent with the expected return of 0.0489%. Cnergyico has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.51, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Cnergyico's returns are expected to increase less than the market. However, during the bear market, the loss of holding Cnergyico is expected to be smaller as well. Cnergyico PK right now shows a risk of 2.6%. Please confirm Cnergyico PK potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to decide if Cnergyico PK will be following its price patterns.
Auto-correlation | -0.76 |
Almost perfect reverse predictability
Cnergyico PK has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Cnergyico time series from 26th of October 2024 to 10th of November 2024 and 10th of November 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 Cnergyico PK price movement. The serial correlation of -0.76 indicates that around 76.0% of current Cnergyico price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.76 | |
| Spearman Rank Test | -0.26 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Cnergyico PK lagged returns against current returns
Autocorrelation, which is Cnergyico 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 Cnergyico's stock expected returns. We can calculate the autocorrelation of Cnergyico returns to help us make a trade decision. For example, suppose you find that Cnergyico 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 |
Cnergyico 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 Cnergyico stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Cnergyico stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Cnergyico stock over time.
Current vs Lagged Prices |
| Timeline |
Cnergyico Lagged Returns
When evaluating Cnergyico's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Cnergyico stock have on its future price. Cnergyico 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, Cnergyico autocorrelation shows the relationship between Cnergyico stock current value and its past values and can show if there is a momentum factor associated with investing in Cnergyico PK.
Regressed Prices |
| Timeline |
Pair Trading with Cnergyico
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 Cnergyico 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 Cnergyico will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Cnergyico could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cnergyico 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 Cnergyico - 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 Cnergyico PK to buy it.
The correlation of Cnergyico 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 Cnergyico moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cnergyico PK 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 Cnergyico 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.