International Steels (Pakistan) Market Value
| ISL Stock | 71.82 3.06 4.09% |
| Symbol | International |
International Steels '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 International Steels' 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 International Steels.
| 04/02/2023 |
| 11/22/2024 |
If you would invest 0.00 in International Steels on April 2, 2023 and sell it all today you would earn a total of 0.00 from holding International Steels or generate 0.0% return on investment in International Steels over 600 days. International Steels is related to or competes with Oil, Pakistan State, Pakistan Petroleum, Engro, Lucky Cement, Mari Petroleum, and Fauji Fertilizer. More
International Steels 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 International Steels' 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 International Steels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.53 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 12.38 | |||
| Value At Risk | (2.70) | |||
| Potential Upside | 3.86 |
International Steels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for International Steels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as International Steels' standard deviation. In reality, there are many statistical measures that can use International Steels historical prices to predict the future International Steels' volatility.| Risk Adjusted Performance | 0.0376 | |||
| Jensen Alpha | 0.065 | |||
| Total Risk Alpha | (0.21) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.5605 |
International Steels Backtested Returns
Currently, International Steels is very steady. International Steels holds Efficiency (Sharpe) Ratio of 0.0369, which attests that the entity had a 0.0369% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for International Steels, which you can use to evaluate the volatility of the firm. Please check out International Steels' Downside Deviation of 1.53, market risk adjusted performance of 0.5705, and Risk Adjusted Performance of 0.0376 to validate if the risk estimate we provide is consistent with the expected return of 0.0834%. International Steels has a performance score of 2 on a scale of 0 to 100. The company retains a Market Volatility (i.e., Beta) of 0.14, which attests to not very significant fluctuations relative to the market. As returns on the market increase, International Steels' returns are expected to increase less than the market. However, during the bear market, the loss of holding International Steels is expected to be smaller as well. International Steels right now retains a risk of 2.26%. Please check out International Steels downside variance, kurtosis, and the relationship between the value at risk and expected short fall , to decide if International Steels will be following its current trending patterns.
Auto-correlation | -0.05 |
Very weak reverse predictability
International Steels has very weak reverse predictability. Overlapping area represents the amount of predictability between International Steels time series from 2nd of April 2023 to 27th of January 2024 and 27th of January 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 International Steels price movement. The serial correlation of -0.05 indicates that only as little as 5.0% of current International Steels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.05 | |
| Spearman Rank Test | 0.29 | |
| Residual Average | 0.0 | |
| Price Variance | 45.93 |
International Steels lagged returns against current returns
Autocorrelation, which is International Steels 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 International Steels' stock expected returns. We can calculate the autocorrelation of International Steels returns to help us make a trade decision. For example, suppose you find that International Steels 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 |
International Steels 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 International Steels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if International Steels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in International Steels stock over time.
Current vs Lagged Prices |
| Timeline |
International Steels Lagged Returns
When evaluating International Steels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of International Steels stock have on its future price. International Steels 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, International Steels autocorrelation shows the relationship between International Steels stock current value and its past values and can show if there is a momentum factor associated with investing in International Steels.
Regressed Prices |
| Timeline |
Pair Trading with International Steels
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 International Steels 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 International Steels will appreciate offsetting losses from the drop in the long position's value.Moving together with International Stock
The ability to find closely correlated positions to International Steels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace International Steels 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 International Steels - 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 International Steels to buy it.
The correlation of International Steels 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 International Steels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if International Steels 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 International Steels 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 International Stock Analysis
When running International Steels' price analysis, check to measure International Steels' 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 International Steels is operating at the current time. Most of International Steels' value examination focuses on studying past and present price action to predict the probability of International Steels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move International Steels' price. Additionally, you may evaluate how the addition of International Steels to your portfolios can decrease your overall portfolio volatility.