Hub Power (Pakistan) Market Value
| HUBC Stock | 110.74 1.16 1.06% |
| Symbol | Hub |
Hub Power '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 Hub Power'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 Hub Power.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Hub Power on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Hub Power or generate 0.0% return on investment in Hub Power over 510 days. Hub Power is related to or competes with Pakistan State, Oil, Lucky Cement, Engro, Pakistan Petroleum, and Nishat Mills. More
Hub Power 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 Hub Power'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 Hub Power upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.16) | |||
| Maximum Drawdown | 14.01 | |||
| Value At Risk | (5.17) | |||
| Potential Upside | 2.93 |
Hub Power Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Hub Power's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Hub Power's standard deviation. In reality, there are many statistical measures that can use Hub Power historical prices to predict the future Hub Power's volatility.| Risk Adjusted Performance | (0.08) | |||
| Jensen Alpha | (0.27) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | 0.9689 |
Hub Power Backtested Returns
Hub Power holds Efficiency (Sharpe) Ratio of -0.14, which attests that the entity had a -0.14% return per unit of risk over the last 3 months. Hub Power exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Hub Power's Risk Adjusted Performance of (0.08), market risk adjusted performance of 0.9789, and Standard Deviation of 2.64 to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.32, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Hub Power are expected to decrease at a much lower rate. During the bear market, Hub Power is likely to outperform the market. At this point, Hub Power has a negative expected return of -0.37%. Please make sure to check out Hub Power's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Hub Power performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.06 |
Very weak reverse predictability
Hub Power has very weak reverse predictability. Overlapping area represents the amount of predictability between Hub Power time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Hub Power price movement. The serial correlation of -0.06 indicates that barely 6.0% of current Hub Power price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.06 | |
| Spearman Rank Test | -0.18 | |
| Residual Average | 0.0 | |
| Price Variance | 251.05 |
Hub Power lagged returns against current returns
Autocorrelation, which is Hub Power 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 Hub Power's stock expected returns. We can calculate the autocorrelation of Hub Power returns to help us make a trade decision. For example, suppose you find that Hub Power 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 |
Hub Power 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 Hub Power stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Hub Power stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Hub Power stock over time.
Current vs Lagged Prices |
| Timeline |
Hub Power Lagged Returns
When evaluating Hub Power's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Hub Power stock have on its future price. Hub Power 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, Hub Power autocorrelation shows the relationship between Hub Power stock current value and its past values and can show if there is a momentum factor associated with investing in Hub Power.
Regressed Prices |
| Timeline |
Pair Trading with Hub Power
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 Hub Power 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 Hub Power will appreciate offsetting losses from the drop in the long position's value.Moving against Hub Stock
| 0.85 | THCCL | Thatta Cement | PairCorr |
| 0.79 | REWM | Reliance Weaving Mills | PairCorr |
| 0.7 | MARI | Mari Petroleum Split | PairCorr |
| 0.44 | FFL | Fauji Foods | PairCorr |
The ability to find closely correlated positions to Hub Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hub Power 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 Hub Power - 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 Hub Power to buy it.
The correlation of Hub Power 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 Hub Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hub Power 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 Hub Power 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 Hub Stock
Hub Power financial ratios help investors to determine whether Hub 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 Hub with respect to the benefits of owning Hub Power security.