Habib Metropolitan (Pakistan) Market Value
| HMB Stock | 85.22 5.42 6.79% |
| Symbol | Habib |
Habib Metropolitan '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 Habib Metropolitan'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 Habib Metropolitan.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in Habib Metropolitan on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding Habib Metropolitan Bank or generate 0.0% return on investment in Habib Metropolitan over 30 days. Habib Metropolitan is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Habib Metropolitan 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 Habib Metropolitan'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 Habib Metropolitan Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.27 | |||
| Information Ratio | 0.1307 | |||
| Maximum Drawdown | 6.08 | |||
| Value At Risk | (1.72) | |||
| Potential Upside | 2.32 |
Habib Metropolitan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Habib Metropolitan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Habib Metropolitan's standard deviation. In reality, there are many statistical measures that can use Habib Metropolitan historical prices to predict the future Habib Metropolitan's volatility.| Risk Adjusted Performance | 0.1707 | |||
| Jensen Alpha | 0.3205 | |||
| Total Risk Alpha | 0.0821 | |||
| Sortino Ratio | 0.1542 | |||
| Treynor Ratio | (5.47) |
Habib Metropolitan Bank Backtested Returns
Habib Metropolitan appears to be very steady, given 3 months investment horizon. Habib Metropolitan Bank holds Efficiency (Sharpe) Ratio of 0.27, which attests that the entity had a 0.27% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Habib Metropolitan Bank, which you can use to evaluate the volatility of the firm. Please utilize Habib Metropolitan's Downside Deviation of 1.27, risk adjusted performance of 0.1707, and Market Risk Adjusted Performance of (5.46) to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Habib Metropolitan holds a performance score of 21. The company retains a Market Volatility (i.e., Beta) of -0.0573, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Habib Metropolitan are expected to decrease at a much lower rate. During the bear market, Habib Metropolitan is likely to outperform the market. Please check Habib Metropolitan's jensen alpha, maximum drawdown, and the relationship between the coefficient of variation and sortino ratio , to make a quick decision on whether Habib Metropolitan's current trending patterns will revert.
Auto-correlation | 0.59 |
Modest predictability
Habib Metropolitan Bank has modest predictability. Overlapping area represents the amount of predictability between Habib Metropolitan time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 Habib Metropolitan Bank price movement. The serial correlation of 0.59 indicates that roughly 59.0% of current Habib Metropolitan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.59 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 6.89 |
Habib Metropolitan Bank lagged returns against current returns
Autocorrelation, which is Habib Metropolitan 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 Habib Metropolitan's stock expected returns. We can calculate the autocorrelation of Habib Metropolitan returns to help us make a trade decision. For example, suppose you find that Habib Metropolitan 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 |
Habib Metropolitan 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 Habib Metropolitan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Habib Metropolitan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Habib Metropolitan stock over time.
Current vs Lagged Prices |
| Timeline |
Habib Metropolitan Lagged Returns
When evaluating Habib Metropolitan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Habib Metropolitan stock have on its future price. Habib Metropolitan 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, Habib Metropolitan autocorrelation shows the relationship between Habib Metropolitan stock current value and its past values and can show if there is a momentum factor associated with investing in Habib Metropolitan Bank.
Regressed Prices |
| Timeline |
Pair Trading with Habib Metropolitan
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 Habib Metropolitan 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 Habib Metropolitan will appreciate offsetting losses from the drop in the long position's value.Moving together with Habib Stock
| 0.8 | HBL | Habib Bank | PairCorr |
| 0.9 | UBL | United Bank | PairCorr |
| 0.81 | MCB | MCB Bank | PairCorr |
| 0.91 | ABL | Allied Bank | PairCorr |
The ability to find closely correlated positions to Habib Metropolitan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Habib Metropolitan 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 Habib Metropolitan - 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 Habib Metropolitan Bank to buy it.
The correlation of Habib Metropolitan 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 Habib Metropolitan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Habib Metropolitan 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 Habib Metropolitan 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 Habib Stock Analysis
When running Habib Metropolitan's price analysis, check to measure Habib Metropolitan'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 Habib Metropolitan is operating at the current time. Most of Habib Metropolitan's value examination focuses on studying past and present price action to predict the probability of Habib Metropolitan's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Habib Metropolitan's price. Additionally, you may evaluate how the addition of Habib Metropolitan to your portfolios can decrease your overall portfolio volatility.