Colgate Palmolive (Pakistan) Market Value
| COLG Stock | 1,466 4.75 0.32% |
| Symbol | Colgate |
Colgate Palmolive '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 Colgate Palmolive'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 Colgate Palmolive.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Colgate Palmolive on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Colgate Palmolive Pakistan or generate 0.0% return on investment in Colgate Palmolive over 30 days. Colgate Palmolive is related to or competes with Al Ghazi, Shell Pakistan, Pakistan State, Millat Tractors, Nestle Pakistan, National Refinery, and Hinopak Motors. More
Colgate Palmolive 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 Colgate Palmolive'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 Colgate Palmolive Pakistan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9849 | |||
| Information Ratio | 0.1585 | |||
| Maximum Drawdown | 10.14 | |||
| Value At Risk | (1.46) | |||
| Potential Upside | 4.25 |
Colgate Palmolive Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Colgate Palmolive's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Colgate Palmolive's standard deviation. In reality, there are many statistical measures that can use Colgate Palmolive historical prices to predict the future Colgate Palmolive's volatility.| Risk Adjusted Performance | 0.179 | |||
| Jensen Alpha | 0.3606 | |||
| Total Risk Alpha | 0.1228 | |||
| Sortino Ratio | 0.3143 | |||
| Treynor Ratio | 0.7449 |
Colgate Palmolive Backtested Returns
Colgate Palmolive appears to be very steady, given 3 months investment horizon. Colgate Palmolive 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 thirty technical indicators for Colgate Palmolive Pakistan, which you can use to evaluate the volatility of the firm. Please makes use of Colgate Palmolive's Mean Deviation of 1.26, downside deviation of 0.9849, and Risk Adjusted Performance of 0.179 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Colgate Palmolive holds a performance score of 18. The firm shows a Beta (market volatility) of 0.58, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Colgate Palmolive's returns are expected to increase less than the market. However, during the bear market, the loss of holding Colgate Palmolive is expected to be smaller as well. Please check Colgate Palmolive's coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the standard deviation and total risk alpha , to make a quick decision on whether Colgate Palmolive's price patterns will revert.
Auto-correlation | 0.52 |
Modest predictability
Colgate Palmolive Pakistan has modest predictability. Overlapping area represents the amount of predictability between Colgate Palmolive 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 Colgate Palmolive price movement. The serial correlation of 0.52 indicates that about 52.0% of current Colgate Palmolive price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | -0.03 | |
| Residual Average | 0.0 | |
| Price Variance | 2081.8 |
Colgate Palmolive lagged returns against current returns
Autocorrelation, which is Colgate Palmolive 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 Colgate Palmolive's stock expected returns. We can calculate the autocorrelation of Colgate Palmolive returns to help us make a trade decision. For example, suppose you find that Colgate Palmolive 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 |
Colgate Palmolive 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 Colgate Palmolive stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Colgate Palmolive stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Colgate Palmolive stock over time.
Current vs Lagged Prices |
| Timeline |
Colgate Palmolive Lagged Returns
When evaluating Colgate Palmolive's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Colgate Palmolive stock have on its future price. Colgate Palmolive 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, Colgate Palmolive autocorrelation shows the relationship between Colgate Palmolive stock current value and its past values and can show if there is a momentum factor associated with investing in Colgate Palmolive Pakistan.
Regressed Prices |
| Timeline |
Pair Trading with Colgate Palmolive
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 Colgate Palmolive 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 Colgate Palmolive will appreciate offsetting losses from the drop in the long position's value.Moving together with Colgate Stock
| 0.87 | OGDC | Oil and Gas | PairCorr |
| 0.9 | PSO | Pakistan State Oil | PairCorr |
| 0.88 | PPL | Pakistan Petroleum | PairCorr |
| 0.86 | LUCK | Lucky Cement | PairCorr |
Moving against Colgate Stock
The ability to find closely correlated positions to Colgate Palmolive could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Colgate Palmolive 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 Colgate Palmolive - 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 Colgate Palmolive Pakistan to buy it.
The correlation of Colgate Palmolive 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 Colgate Palmolive moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Colgate Palmolive 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 Colgate Palmolive 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 Colgate Stock
Colgate Palmolive financial ratios help investors to determine whether Colgate 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 Colgate with respect to the benefits of owning Colgate Palmolive security.