Escorts Investment (Pakistan) Market Value
| ESBL Stock | 3.64 0.09 2.41% |
| Symbol | Escorts |
Escorts Investment '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 Escorts Investment'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 Escorts Investment.
| 10/29/2023 |
| 11/22/2024 |
If you would invest 0.00 in Escorts Investment on October 29, 2023 and sell it all today you would earn a total of 0.00 from holding Escorts Investment Bank or generate 0.0% return on investment in Escorts Investment over 390 days. Escorts Investment is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Escorts Investment 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 Escorts Investment'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 Escorts Investment Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.67 | |||
| Information Ratio | 0.0069 | |||
| Maximum Drawdown | 24.37 | |||
| Value At Risk | (5.66) | |||
| Potential Upside | 6.23 |
Escorts Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Escorts Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Escorts Investment's standard deviation. In reality, there are many statistical measures that can use Escorts Investment historical prices to predict the future Escorts Investment's volatility.| Risk Adjusted Performance | 0.0333 | |||
| Jensen Alpha | 0.0832 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0079 | |||
| Treynor Ratio | 0.2819 |
Escorts Investment Bank Backtested Returns
At this point, Escorts Investment is risky. Escorts Investment Bank secures Sharpe Ratio (or Efficiency) of 0.0029, which denotes the company had a 0.0029% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Escorts Investment Bank, which you can use to evaluate the volatility of the firm. Please confirm Escorts Investment's Downside Deviation of 3.67, semi deviation of 3.12, and Mean Deviation of 2.95 to check if the risk estimate we provide is consistent with the expected return of 0.0123%. The firm shows a Beta (market volatility) of 0.46, which means possible diversification benefits within a given portfolio. As returns on the market increase, Escorts Investment's returns are expected to increase less than the market. However, during the bear market, the loss of holding Escorts Investment is expected to be smaller as well. Escorts Investment Bank right now shows a risk of 4.22%. Please confirm Escorts Investment Bank mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Escorts Investment Bank will be following its price patterns.
Auto-correlation | 0.39 |
Below average predictability
Escorts Investment Bank has below average predictability. Overlapping area represents the amount of predictability between Escorts Investment time series from 29th of October 2023 to 11th of May 2024 and 11th of May 2024 to 22nd 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 Escorts Investment Bank price movement. The serial correlation of 0.39 indicates that just about 39.0% of current Escorts Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.39 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Escorts Investment Bank lagged returns against current returns
Autocorrelation, which is Escorts Investment 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 Escorts Investment's stock expected returns. We can calculate the autocorrelation of Escorts Investment returns to help us make a trade decision. For example, suppose you find that Escorts Investment 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 |
Escorts Investment 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 Escorts Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Escorts Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Escorts Investment stock over time.
Current vs Lagged Prices |
| Timeline |
Escorts Investment Lagged Returns
When evaluating Escorts Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Escorts Investment stock have on its future price. Escorts Investment 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, Escorts Investment autocorrelation shows the relationship between Escorts Investment stock current value and its past values and can show if there is a momentum factor associated with investing in Escorts Investment Bank.
Regressed Prices |
| Timeline |
Pair Trading with Escorts Investment
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 Escorts Investment 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 Escorts Investment will appreciate offsetting losses from the drop in the long position's value.Moving against Escorts Stock
| 0.67 | REWM | Reliance Weaving Mills | PairCorr |
| 0.59 | THCCL | Thatta Cement | PairCorr |
| 0.5 | MARI | Mari Petroleum Split | PairCorr |
The ability to find closely correlated positions to Escorts Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Escorts Investment 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 Escorts Investment - 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 Escorts Investment Bank to buy it.
The correlation of Escorts Investment 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 Escorts Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Escorts Investment Bank 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 Escorts Investment 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 Escorts Stock
Escorts Investment financial ratios help investors to determine whether Escorts 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 Escorts with respect to the benefits of owning Escorts Investment security.