Metropolitan Steel (Pakistan) Market Value
| MSCL Stock | 9.99 0.27 2.78% |
| Symbol | Metropolitan |
Metropolitan Steel '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 Metropolitan Steel'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 Metropolitan Steel.
| 06/02/2024 |
| 11/29/2024 |
If you would invest 0.00 in Metropolitan Steel on June 2, 2024 and sell it all today you would earn a total of 0.00 from holding Metropolitan Steel Corp or generate 0.0% return on investment in Metropolitan Steel over 180 days. Metropolitan Steel is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Metropolitan Steel 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 Metropolitan Steel'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 Metropolitan Steel Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 20.02 | |||
| Value At Risk | (9.29) | |||
| Potential Upside | 9.38 |
Metropolitan Steel Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metropolitan Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Metropolitan Steel's standard deviation. In reality, there are many statistical measures that can use Metropolitan Steel historical prices to predict the future Metropolitan Steel's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.41) | |||
| Total Risk Alpha | (1.01) | |||
| Treynor Ratio | (0.40) |
Metropolitan Steel Corp Backtested Returns
Metropolitan Steel Corp has Sharpe Ratio of -0.0562, which conveys that the firm had a -0.0562% return per unit of risk over the last 3 months. Metropolitan Steel exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Metropolitan Steel's Standard Deviation of 4.58, risk adjusted performance of (0.04), and Mean Deviation of 3.24 to check out the risk estimate we provide. The company secures a Beta (Market Risk) of 0.79, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Metropolitan Steel's returns are expected to increase less than the market. However, during the bear market, the loss of holding Metropolitan Steel is expected to be smaller as well. At this point, Metropolitan Steel Corp has a negative expected return of -0.26%. Please make sure to verify Metropolitan Steel's maximum drawdown, skewness, accumulation distribution, as well as the relationship between the potential upside and kurtosis , to decide if Metropolitan Steel Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.28 |
Weak reverse predictability
Metropolitan Steel Corp has weak reverse predictability. Overlapping area represents the amount of predictability between Metropolitan Steel time series from 2nd of June 2024 to 31st of August 2024 and 31st of August 2024 to 29th 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 Metropolitan Steel Corp price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Metropolitan Steel price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | 0.16 | |
| Residual Average | 0.0 | |
| Price Variance | 2.8 |
Metropolitan Steel Corp lagged returns against current returns
Autocorrelation, which is Metropolitan Steel 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 Metropolitan Steel's stock expected returns. We can calculate the autocorrelation of Metropolitan Steel returns to help us make a trade decision. For example, suppose you find that Metropolitan Steel 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 |
Metropolitan Steel 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 Metropolitan Steel stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Metropolitan Steel stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Metropolitan Steel stock over time.
Current vs Lagged Prices |
| Timeline |
Metropolitan Steel Lagged Returns
When evaluating Metropolitan Steel's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Metropolitan Steel stock have on its future price. Metropolitan Steel 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, Metropolitan Steel autocorrelation shows the relationship between Metropolitan Steel stock current value and its past values and can show if there is a momentum factor associated with investing in Metropolitan Steel Corp.
Regressed Prices |
| Timeline |
Pair Trading with Metropolitan Steel
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 Metropolitan Steel 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 Metropolitan Steel will appreciate offsetting losses from the drop in the long position's value.Moving against Metropolitan Stock
| 0.72 | FFL | Fauji Foods | PairCorr |
| 0.67 | THCCL | Thatta Cement | PairCorr |
| 0.64 | KAPCO | KOT Addu Power | PairCorr |
| 0.57 | LOADS | Loads | PairCorr |
The ability to find closely correlated positions to Metropolitan Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metropolitan Steel 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 Metropolitan Steel - 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 Metropolitan Steel Corp to buy it.
The correlation of Metropolitan Steel 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 Metropolitan Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Metropolitan Steel Corp 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 Metropolitan Steel 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 Metropolitan Stock
Metropolitan Steel financial ratios help investors to determine whether Metropolitan 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 Metropolitan with respect to the benefits of owning Metropolitan Steel security.