Meezan Bank (Pakistan) Market Value
| MEBL Stock | 237.01 26.33 10.00% |
| Symbol | Meezan |
Meezan Bank '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 Meezan Bank'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 Meezan Bank.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Meezan Bank on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Meezan Bank or generate 0.0% return on investment in Meezan Bank over 90 days. Meezan Bank is related to or competes with TPL Insurance, Roshan Packages, Reliance Insurance, Habib Insurance, Oil, National Foods, and Hi Tech. More
Meezan Bank 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 Meezan Bank'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 Meezan Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 0.9963 | |||
| Information Ratio | 0.0371 | |||
| Maximum Drawdown | 7.58 | |||
| Value At Risk | (1.49) | |||
| Potential Upside | 2.7 |
Meezan Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Meezan Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Meezan Bank's standard deviation. In reality, there are many statistical measures that can use Meezan Bank historical prices to predict the future Meezan Bank's volatility.| Risk Adjusted Performance | 0.0914 | |||
| Jensen Alpha | 0.1313 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0637 | |||
| Treynor Ratio | 0.4253 |
Meezan Bank Backtested Returns
At this point, Meezan Bank is very steady. Meezan Bank has Sharpe Ratio of 0.0251, which conveys that the firm had a 0.0251% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Meezan Bank, which you can use to evaluate the volatility of the firm. Please verify Meezan Bank's Risk Adjusted Performance of 0.0914, downside deviation of 0.9963, and Mean Deviation of 1.07 to check out if the risk estimate we provide is consistent with the expected return of 0.0541%. Meezan Bank has a performance score of 1 on a scale of 0 to 100. The company secures a Beta (Market Risk) of 0.43, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Meezan Bank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Meezan Bank is expected to be smaller as well. Meezan Bank right now secures a risk of 2.15%. Please verify Meezan Bank information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Meezan Bank will be following its current price movements.
Auto-correlation | 0.16 |
Very weak predictability
Meezan Bank has very weak predictability. Overlapping area represents the amount of predictability between Meezan Bank time series from 28th of August 2024 to 12th of October 2024 and 12th of October 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 Meezan Bank price movement. The serial correlation of 0.16 indicates that over 16.0% of current Meezan Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.16 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 58.78 |
Meezan Bank lagged returns against current returns
Autocorrelation, which is Meezan Bank 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 Meezan Bank's stock expected returns. We can calculate the autocorrelation of Meezan Bank returns to help us make a trade decision. For example, suppose you find that Meezan Bank 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 |
Meezan Bank 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 Meezan Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Meezan Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Meezan Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Meezan Bank Lagged Returns
When evaluating Meezan Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Meezan Bank stock have on its future price. Meezan Bank 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, Meezan Bank autocorrelation shows the relationship between Meezan Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Meezan Bank.
Regressed Prices |
| Timeline |
Pair Trading with Meezan Bank
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 Meezan Bank 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 Meezan Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Meezan Stock
| 0.87 | HBL | Habib Bank | PairCorr |
| 0.63 | UBL | United Bank | PairCorr |
| 0.69 | MCB | MCB Bank | PairCorr |
| 0.64 | ABL | Allied Bank | PairCorr |
The ability to find closely correlated positions to Meezan Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Meezan Bank 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 Meezan Bank - 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 Meezan Bank to buy it.
The correlation of Meezan Bank 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 Meezan Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Meezan 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 Meezan Bank 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 Meezan Stock
Meezan Bank financial ratios help investors to determine whether Meezan 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 Meezan with respect to the benefits of owning Meezan Bank security.