Kohinoor Industries (Pakistan) Market Value
| KOIL Stock | 8.10 0.05 0.62% |
| Symbol | Kohinoor |
Kohinoor Industries '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 Kohinoor Industries' 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 Kohinoor Industries.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in Kohinoor Industries on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding Kohinoor Industries or generate 0.0% return on investment in Kohinoor Industries over 180 days. Kohinoor Industries is related to or competes with Metropolitan Steel, TPL Insurance, Mughal Iron, Aisha Steel, and Dost Steels. More
Kohinoor Industries 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 Kohinoor Industries' 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 Kohinoor Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 20.55 | |||
| Value At Risk | (5.54) | |||
| Potential Upside | 4.48 |
Kohinoor Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Kohinoor Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Kohinoor Industries' standard deviation. In reality, there are many statistical measures that can use Kohinoor Industries historical prices to predict the future Kohinoor Industries' volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.63) | |||
| Treynor Ratio | (0.72) |
Kohinoor Industries Backtested Returns
Kohinoor Industries has Sharpe Ratio of -0.0476, which conveys that the firm had a -0.0476% return per unit of risk over the last 3 months. Kohinoor Industries exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Kohinoor Industries' Risk Adjusted Performance of (0.02), mean deviation of 2.41, and Standard Deviation of 3.38 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.16, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Kohinoor Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Kohinoor Industries is expected to be smaller as well. At this point, Kohinoor Industries has a negative expected return of -0.13%. Please make sure to verify Kohinoor Industries' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Kohinoor Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.72 |
Almost perfect reverse predictability
Kohinoor Industries has almost perfect reverse predictability. Overlapping area represents the amount of predictability between Kohinoor Industries time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 Kohinoor Industries price movement. The serial correlation of -0.72 indicates that around 72.0% of current Kohinoor Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.72 | |
| Spearman Rank Test | -0.58 | |
| Residual Average | 0.0 | |
| Price Variance | 0.14 |
Kohinoor Industries lagged returns against current returns
Autocorrelation, which is Kohinoor Industries 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 Kohinoor Industries' stock expected returns. We can calculate the autocorrelation of Kohinoor Industries returns to help us make a trade decision. For example, suppose you find that Kohinoor Industries 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 |
Kohinoor Industries 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 Kohinoor Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Kohinoor Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Kohinoor Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Kohinoor Industries Lagged Returns
When evaluating Kohinoor Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Kohinoor Industries stock have on its future price. Kohinoor Industries 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, Kohinoor Industries autocorrelation shows the relationship between Kohinoor Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Kohinoor Industries.
Regressed Prices |
| Timeline |
Pair Trading with Kohinoor Industries
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 Kohinoor Industries 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 Kohinoor Industries will appreciate offsetting losses from the drop in the long position's value.Moving together with Kohinoor Stock
Moving against Kohinoor Stock
| 0.74 | THCCL | Thatta Cement | PairCorr |
| 0.65 | FFL | Fauji Foods | PairCorr |
| 0.58 | REWM | Reliance Weaving Mills | PairCorr |
| 0.5 | LOADS | Loads | PairCorr |
| 0.45 | KAPCO | KOT Addu Power | PairCorr |
The ability to find closely correlated positions to Kohinoor Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kohinoor Industries 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 Kohinoor Industries - 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 Kohinoor Industries to buy it.
The correlation of Kohinoor Industries 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 Kohinoor Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kohinoor Industries 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 Kohinoor Industries 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 Kohinoor Stock
Kohinoor Industries financial ratios help investors to determine whether Kohinoor 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 Kohinoor with respect to the benefits of owning Kohinoor Industries security.