Mari Petroleum (Pakistan) Market Value
| MARI Stock | 456.64 6.52 1.41% |
| Symbol | Mari |
Mari Petroleum '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 Mari Petroleum'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 Mari Petroleum.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Mari Petroleum on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Mari Petroleum or generate 0.0% return on investment in Mari Petroleum over 30 days. Mari Petroleum is related to or competes with Century Insurance, Jubilee Life, Unity Foods, MCB Bank, EFU General, and Reliance Insurance. More
Mari Petroleum 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 Mari Petroleum'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 Mari Petroleum upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.92 | |||
| Information Ratio | 0.1599 | |||
| Maximum Drawdown | 59.96 | |||
| Value At Risk | (2.36) | |||
| Potential Upside | 7.07 |
Mari Petroleum Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Mari Petroleum's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Mari Petroleum's standard deviation. In reality, there are many statistical measures that can use Mari Petroleum historical prices to predict the future Mari Petroleum's volatility.| Risk Adjusted Performance | 0.1457 | |||
| Jensen Alpha | 1.27 | |||
| Total Risk Alpha | 0.1383 | |||
| Sortino Ratio | 0.5921 | |||
| Treynor Ratio | (13.61) |
Mari Petroleum Backtested Returns
Mari Petroleum is very steady given 3 months investment horizon. Mari Petroleum has Sharpe Ratio of 0.18, which conveys that the firm had a 0.18% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.29% are justified by taking the suggested risk. Use Mari Petroleum Downside Deviation of 1.92, risk adjusted performance of 0.1457, and Mean Deviation of 2.89 to evaluate company specific risk that cannot be diversified away. Mari Petroleum holds a performance score of 14 on a scale of zero to a hundred. The company secures a Beta (Market Risk) of -0.0926, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Mari Petroleum are expected to decrease at a much lower rate. During the bear market, Mari Petroleum is likely to outperform the market. Use Mari Petroleum total risk alpha, treynor ratio, value at risk, as well as the relationship between the sortino ratio and maximum drawdown , to analyze future returns on Mari Petroleum.
Auto-correlation | -0.82 |
Excellent reverse predictability
Mari Petroleum has excellent reverse predictability. Overlapping area represents the amount of predictability between Mari Petroleum time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Mari Petroleum price movement. The serial correlation of -0.82 indicates that around 82.0% of current Mari Petroleum price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.82 | |
| Spearman Rank Test | -0.01 | |
| Residual Average | 0.0 | |
| Price Variance | 280.37 |
Mari Petroleum lagged returns against current returns
Autocorrelation, which is Mari Petroleum 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 Mari Petroleum's stock expected returns. We can calculate the autocorrelation of Mari Petroleum returns to help us make a trade decision. For example, suppose you find that Mari Petroleum 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 |
Mari Petroleum 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 Mari Petroleum stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Mari Petroleum stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Mari Petroleum stock over time.
Current vs Lagged Prices |
| Timeline |
Mari Petroleum Lagged Returns
When evaluating Mari Petroleum's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Mari Petroleum stock have on its future price. Mari Petroleum 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, Mari Petroleum autocorrelation shows the relationship between Mari Petroleum stock current value and its past values and can show if there is a momentum factor associated with investing in Mari Petroleum.
Regressed Prices |
| Timeline |
Pair Trading with Mari Petroleum
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 Mari Petroleum 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 Mari Petroleum will appreciate offsetting losses from the drop in the long position's value.Moving together with Mari Stock
The ability to find closely correlated positions to Mari Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mari Petroleum 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 Mari Petroleum - 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 Mari Petroleum to buy it.
The correlation of Mari Petroleum 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 Mari Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mari Petroleum 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 Mari Petroleum 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 Mari Stock
Mari Petroleum financial ratios help investors to determine whether Mari 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 Mari with respect to the benefits of owning Mari Petroleum security.