Ghandhara Automobile (Pakistan) Market Value
| GAL Stock | 251.35 14.72 5.53% |
| Symbol | Ghandhara |
Ghandhara Automobile '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 Ghandhara Automobile'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 Ghandhara Automobile.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Ghandhara Automobile on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Ghandhara Automobile or generate 0.0% return on investment in Ghandhara Automobile over 30 days.
Ghandhara Automobile 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 Ghandhara Automobile'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 Ghandhara Automobile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.57 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 14.89 | |||
| Value At Risk | (5.88) | |||
| Potential Upside | 6.35 |
Ghandhara Automobile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ghandhara Automobile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Ghandhara Automobile's standard deviation. In reality, there are many statistical measures that can use Ghandhara Automobile historical prices to predict the future Ghandhara Automobile's volatility.| Risk Adjusted Performance | 0.0225 | |||
| Jensen Alpha | 0.0795 | |||
| Total Risk Alpha | (0.43) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | (0.35) |
Ghandhara Automobile Backtested Returns
Currently, Ghandhara Automobile is very steady. Ghandhara Automobile holds Efficiency (Sharpe) Ratio of 0.0303, which attests that the entity had a 0.0303% return per unit of standard deviation over the last 3 months. We have found twenty-nine technical indicators for Ghandhara Automobile, which you can use to evaluate the volatility of the firm. Please check out Ghandhara Automobile's risk adjusted performance of 0.0225, and Market Risk Adjusted Performance of (0.34) to validate if the risk estimate we provide is consistent with the expected return of 0.11%. Ghandhara Automobile has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of -0.18, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Ghandhara Automobile are expected to decrease at a much lower rate. During the bear market, Ghandhara Automobile is likely to outperform the market. Ghandhara Automobile right now retains a risk of 3.79%. Please check out Ghandhara Automobile mean deviation, standard deviation, treynor ratio, as well as the relationship between the downside deviation and total risk alpha , to decide if Ghandhara Automobile will be following its current trending patterns.
Auto-correlation | 0.42 |
Average predictability
Ghandhara Automobile has average predictability. Overlapping area represents the amount of predictability between Ghandhara Automobile time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Ghandhara Automobile price movement. The serial correlation of 0.42 indicates that just about 42.0% of current Ghandhara Automobile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.42 | |
| Spearman Rank Test | 0.65 | |
| Residual Average | 0.0 | |
| Price Variance | 23.94 |
Ghandhara Automobile lagged returns against current returns
Autocorrelation, which is Ghandhara Automobile 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 Ghandhara Automobile's stock expected returns. We can calculate the autocorrelation of Ghandhara Automobile returns to help us make a trade decision. For example, suppose you find that Ghandhara Automobile 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 |
Ghandhara Automobile 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 Ghandhara Automobile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Ghandhara Automobile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Ghandhara Automobile stock over time.
Current vs Lagged Prices |
| Timeline |
Ghandhara Automobile Lagged Returns
When evaluating Ghandhara Automobile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Ghandhara Automobile stock have on its future price. Ghandhara Automobile 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, Ghandhara Automobile autocorrelation shows the relationship between Ghandhara Automobile stock current value and its past values and can show if there is a momentum factor associated with investing in Ghandhara Automobile.
Regressed Prices |
| Timeline |
Pair Trading with Ghandhara Automobile
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 Ghandhara Automobile 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 Ghandhara Automobile will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Ghandhara Automobile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ghandhara Automobile 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 Ghandhara Automobile - 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 Ghandhara Automobile to buy it.
The correlation of Ghandhara Automobile 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 Ghandhara Automobile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ghandhara Automobile 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 Ghandhara Automobile 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.Additional Tools for Ghandhara Stock Analysis
When running Ghandhara Automobile's price analysis, check to measure Ghandhara Automobile's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ghandhara Automobile is operating at the current time. Most of Ghandhara Automobile's value examination focuses on studying past and present price action to predict the probability of Ghandhara Automobile's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ghandhara Automobile's price. Additionally, you may evaluate how the addition of Ghandhara Automobile to your portfolios can decrease your overall portfolio volatility.