Crescent Star (Pakistan) Market Value
| CSIL Stock | 3.00 0.08 2.74% |
| Symbol | Crescent |
Crescent Star '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 Crescent Star'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 Crescent Star.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Crescent Star on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Crescent Star Insurance or generate 0.0% return on investment in Crescent Star over 90 days. Crescent Star is related to or competes with National Foods, Avanceon, Security Investment, ITTEFAQ Iron, and Quice Food. More
Crescent Star 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 Crescent Star'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 Crescent Star Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 23.58 | |||
| Value At Risk | (4.53) | |||
| Potential Upside | 5.88 |
Crescent Star Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Crescent Star's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Crescent Star's standard deviation. In reality, there are many statistical measures that can use Crescent Star historical prices to predict the future Crescent Star's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.17) | |||
| Total Risk Alpha | (0.61) | |||
| Treynor Ratio | (0.08) |
Crescent Star Insurance Backtested Returns
Crescent Star Insurance secures Sharpe Ratio (or Efficiency) of -0.0054, which signifies that the company had a -0.0054% return per unit of standard deviation over the last 3 months. Crescent Star Insurance exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Crescent Star's mean deviation of 2.39, and Risk Adjusted Performance of (0.01) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.87, which signifies possible diversification benefits within a given portfolio. Crescent Star returns are very sensitive to returns on the market. As the market goes up or down, Crescent Star is expected to follow. At this point, Crescent Star Insurance has a negative expected return of -0.0187%. Please make sure to confirm Crescent Star's standard deviation, jensen alpha, and the relationship between the coefficient of variation and information ratio , to decide if Crescent Star Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.43 |
Modest reverse predictability
Crescent Star Insurance has modest reverse predictability. Overlapping area represents the amount of predictability between Crescent Star time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Crescent Star Insurance price movement. The serial correlation of -0.43 indicates that just about 43.0% of current Crescent Star price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.43 | |
| Spearman Rank Test | -0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Crescent Star Insurance lagged returns against current returns
Autocorrelation, which is Crescent Star 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 Crescent Star's stock expected returns. We can calculate the autocorrelation of Crescent Star returns to help us make a trade decision. For example, suppose you find that Crescent Star 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 |
Crescent Star 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 Crescent Star stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Crescent Star stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Crescent Star stock over time.
Current vs Lagged Prices |
| Timeline |
Crescent Star Lagged Returns
When evaluating Crescent Star's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Crescent Star stock have on its future price. Crescent Star 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, Crescent Star autocorrelation shows the relationship between Crescent Star stock current value and its past values and can show if there is a momentum factor associated with investing in Crescent Star Insurance.
Regressed Prices |
| Timeline |
Pair Trading with Crescent Star
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 Crescent Star 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 Crescent Star will appreciate offsetting losses from the drop in the long position's value.Moving against Crescent Stock
| 0.71 | THCCL | Thatta Cement | PairCorr |
| 0.6 | MARI | Mari Petroleum Split | PairCorr |
| 0.55 | REWM | Reliance Weaving Mills | PairCorr |
| 0.35 | FFL | Fauji Foods | PairCorr |
The ability to find closely correlated positions to Crescent Star could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Crescent Star 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 Crescent Star - 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 Crescent Star Insurance to buy it.
The correlation of Crescent Star 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 Crescent Star moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Crescent Star Insurance 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 Crescent Star 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 Crescent Stock
Crescent Star financial ratios help investors to determine whether Crescent 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 Crescent with respect to the benefits of owning Crescent Star security.