Nimir Industrial (Pakistan) Market Value
| NICL Stock | 130.09 0.09 0.07% |
| Symbol | Nimir |
Nimir Industrial '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 Nimir Industrial'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 Nimir Industrial.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Nimir Industrial on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Nimir Industrial Chemical or generate 0.0% return on investment in Nimir Industrial over 510 days. Nimir Industrial is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Nimir Industrial 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 Nimir Industrial'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 Nimir Industrial Chemical upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.9 | |||
| Information Ratio | 0.0478 | |||
| Maximum Drawdown | 10.45 | |||
| Value At Risk | (2.89) | |||
| Potential Upside | 4.19 |
Nimir Industrial Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Nimir Industrial's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Nimir Industrial's standard deviation. In reality, there are many statistical measures that can use Nimir Industrial historical prices to predict the future Nimir Industrial's volatility.| Risk Adjusted Performance | 0.0901 | |||
| Jensen Alpha | 0.2428 | |||
| Total Risk Alpha | (0.10) | |||
| Sortino Ratio | 0.0522 | |||
| Treynor Ratio | (1.04) |
Nimir Industrial Chemical Backtested Returns
Nimir Industrial appears to be very steady, given 3 months investment horizon. Nimir Industrial Chemical has Sharpe Ratio of 0.1, which conveys that the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Nimir Industrial, which you can use to evaluate the volatility of the firm. Please exercise Nimir Industrial's Mean Deviation of 1.5, downside deviation of 1.9, and Risk Adjusted Performance of 0.0901 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Nimir Industrial holds a performance score of 8. The company secures a Beta (Market Risk) of -0.21, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Nimir Industrial are expected to decrease at a much lower rate. During the bear market, Nimir Industrial is likely to outperform the market. Please check Nimir Industrial's sortino ratio, maximum drawdown, and the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Nimir Industrial's current price movements will revert.
Auto-correlation | -0.03 |
Very weak reverse predictability
Nimir Industrial Chemical has very weak reverse predictability. Overlapping area represents the amount of predictability between Nimir Industrial time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Nimir Industrial Chemical price movement. The serial correlation of -0.03 indicates that only 3.0% of current Nimir Industrial price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.03 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 77.73 |
Nimir Industrial Chemical lagged returns against current returns
Autocorrelation, which is Nimir Industrial 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 Nimir Industrial's stock expected returns. We can calculate the autocorrelation of Nimir Industrial returns to help us make a trade decision. For example, suppose you find that Nimir Industrial 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 |
Nimir Industrial 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 Nimir Industrial stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Nimir Industrial stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Nimir Industrial stock over time.
Current vs Lagged Prices |
| Timeline |
Nimir Industrial Lagged Returns
When evaluating Nimir Industrial's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Nimir Industrial stock have on its future price. Nimir Industrial 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, Nimir Industrial autocorrelation shows the relationship between Nimir Industrial stock current value and its past values and can show if there is a momentum factor associated with investing in Nimir Industrial Chemical.
Regressed Prices |
| Timeline |
Pair Trading with Nimir Industrial
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 Nimir Industrial 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 Nimir Industrial will appreciate offsetting losses from the drop in the long position's value.Moving together with Nimir Stock
| 0.76 | OGDC | Oil and Gas | PairCorr |
| 0.8 | PSO | Pakistan State Oil | PairCorr |
| 0.83 | PPL | Pakistan Petroleum | PairCorr |
| 0.61 | ENGRO | Engro | PairCorr |
| 0.74 | LUCK | Lucky Cement | PairCorr |
Moving against Nimir Stock
The ability to find closely correlated positions to Nimir Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nimir Industrial 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 Nimir Industrial - 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 Nimir Industrial Chemical to buy it.
The correlation of Nimir Industrial 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 Nimir Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nimir Industrial Chemical 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 Nimir Industrial 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 Nimir Stock
Nimir Industrial financial ratios help investors to determine whether Nimir 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 Nimir with respect to the benefits of owning Nimir Industrial security.