Pak Datacom (Pakistan) Market Value
| PAKD Stock | 104.88 2.46 2.40% |
| Symbol | Pak |
Pak Datacom '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 Pak Datacom'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 Pak Datacom.
| 01/02/2025 |
| 02/01/2025 |
If you would invest 0.00 in Pak Datacom on January 2, 2025 and sell it all today you would earn a total of 0.00 from holding Pak Datacom or generate 0.0% return on investment in Pak Datacom over 30 days. Pak Datacom is related to or competes with Soneri Bank, MCB Bank, Metropolitan Steel, National Bank, Mughal Iron, Crescent Star, and Allied Bank. More
Pak Datacom 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 Pak Datacom'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 Pak Datacom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.31 | |||
| Information Ratio | 0.1495 | |||
| Maximum Drawdown | 17.18 | |||
| Value At Risk | (5.65) | |||
| Potential Upside | 10.0 |
Pak Datacom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pak Datacom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pak Datacom's standard deviation. In reality, there are many statistical measures that can use Pak Datacom historical prices to predict the future Pak Datacom's volatility.| Risk Adjusted Performance | 0.151 | |||
| Jensen Alpha | 0.8984 | |||
| Total Risk Alpha | 0.2842 | |||
| Sortino Ratio | 0.2098 | |||
| Treynor Ratio | (0.62) |
Pak Datacom Backtested Returns
Pak Datacom appears to be very steady, given 3 months investment horizon. Pak Datacom maintains Sharpe Ratio (i.e., Efficiency) of 0.18, which implies the firm had a 0.18 % return per unit of risk over the last 3 months. By analyzing Pak Datacom's technical indicators, you can evaluate if the expected return of 0.87% is justified by implied risk. Please evaluate Pak Datacom's Coefficient Of Variation of 584.69, semi deviation of 2.75, and Risk Adjusted Performance of 0.151 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pak Datacom holds a performance score of 14. The company holds a Beta of -1.27, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Pak Datacom are expected to decrease by larger amounts. On the other hand, during market turmoil, Pak Datacom is expected to outperform it. Please check Pak Datacom's standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Pak Datacom's historical price patterns will revert.
Auto-correlation | 0.88 |
Very good predictability
Pak Datacom has very good predictability. Overlapping area represents the amount of predictability between Pak Datacom time series from 2nd of January 2025 to 17th of January 2025 and 17th of January 2025 to 1st of February 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Pak Datacom price movement. The serial correlation of 0.88 indicates that approximately 88.0% of current Pak Datacom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.88 | |
| Spearman Rank Test | 0.79 | |
| Residual Average | 0.0 | |
| Price Variance | 58.22 |
Pak Datacom lagged returns against current returns
Autocorrelation, which is Pak Datacom 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 Pak Datacom's stock expected returns. We can calculate the autocorrelation of Pak Datacom returns to help us make a trade decision. For example, suppose you find that Pak Datacom 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 |
Pak Datacom 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 Pak Datacom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pak Datacom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pak Datacom stock over time.
Current vs Lagged Prices |
| Timeline |
Pak Datacom Lagged Returns
When evaluating Pak Datacom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pak Datacom stock have on its future price. Pak Datacom 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, Pak Datacom autocorrelation shows the relationship between Pak Datacom stock current value and its past values and can show if there is a momentum factor associated with investing in Pak Datacom.
Regressed Prices |
| Timeline |
Pair Trading with Pak Datacom
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 Pak Datacom 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 Pak Datacom will appreciate offsetting losses from the drop in the long position's value.Moving together with Pak Stock
The ability to find closely correlated positions to Pak Datacom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pak Datacom 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 Pak Datacom - 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 Pak Datacom to buy it.
The correlation of Pak Datacom 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 Pak Datacom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pak Datacom 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 Pak Datacom 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 Pak Stock
Pak Datacom financial ratios help investors to determine whether Pak 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 Pak with respect to the benefits of owning Pak Datacom security.