Faisal Islamic's market value is the price at which a share of Faisal Islamic trades on a public exchange. It measures the collective expectations of Faisal Islamic Bank investors about its performance. Faisal Islamic is trading at 39.07 as of the 1st of December 2024. This is a 0.64% increase since the beginning of the trading day. The stock's lowest day price was 38.56. With this module, you can estimate the performance of a buy and hold strategy of Faisal Islamic Bank and determine expected loss or profit from investing in Faisal Islamic over a given investment horizon. Check out Investing Opportunities to better understand how to build diversified portfolios. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
Symbol
Faisal
Faisal Islamic '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 Faisal Islamic'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 Faisal Islamic.
0.00
11/01/2024
No Change 0.00
0.0
In 31 days
12/01/2024
0.00
If you would invest 0.00 in Faisal Islamic on November 1, 2024 and sell it all today you would earn a total of 0.00 from holding Faisal Islamic Bank or generate 0.0% return on investment in Faisal Islamic over 30 days.
Faisal Islamic 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 Faisal Islamic'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 Faisal Islamic Bank upside and downside potential and time the market with a certain degree of confidence.
Today, many novice investors tend to focus exclusively on investment returns with little concern for Faisal Islamic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Faisal Islamic's standard deviation. In reality, there are many statistical measures that can use Faisal Islamic historical prices to predict the future Faisal Islamic's volatility.
Faisal Islamic appears to be very steady, given 3 months investment horizon. Faisal Islamic Bank secures Sharpe Ratio (or Efficiency) of 0.16, which denotes the company had a 0.16% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Faisal Islamic Bank, which you can use to evaluate the volatility of the firm. Please utilize Faisal Islamic's Mean Deviation of 1.36, coefficient of variation of 633.53, and Downside Deviation of 2.12 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Faisal Islamic holds a performance score of 12. The firm shows a Beta (market volatility) of -0.36, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Faisal Islamic are expected to decrease at a much lower rate. During the bear market, Faisal Islamic is likely to outperform the market. Please check Faisal Islamic's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Faisal Islamic's price patterns will revert.
Auto-correlation
-0.83
Excellent reverse predictability
Faisal Islamic Bank has excellent reverse predictability. Overlapping area represents the amount of predictability between Faisal Islamic time series from 1st of November 2024 to 16th of November 2024 and 16th of November 2024 to 1st of December 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 Faisal Islamic Bank price movement. The serial correlation of -0.83 indicates that around 83.0% of current Faisal Islamic price fluctuation can be explain by its past prices.
Correlation Coefficient
-0.83
Spearman Rank Test
-0.62
Residual Average
0.0
Price Variance
2.38
Faisal Islamic Bank lagged returns against current returns
Autocorrelation, which is Faisal Islamic 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 Faisal Islamic's stock expected returns. We can calculate the autocorrelation of Faisal Islamic returns to help us make a trade decision. For example, suppose you find that Faisal Islamic 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
Faisal Islamic 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 Faisal Islamic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Faisal Islamic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Faisal Islamic stock over time.
Current vs Lagged Prices
Timeline
Faisal Islamic Lagged Returns
When evaluating Faisal Islamic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Faisal Islamic stock have on its future price. Faisal Islamic 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, Faisal Islamic autocorrelation shows the relationship between Faisal Islamic stock current value and its past values and can show if there is a momentum factor associated with investing in Faisal Islamic Bank.
Regressed Prices
Timeline
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.