Pakistan Tobacco (Pakistan) Market Value
| PAKT Stock | 1,250 2.31 0.19% |
| Symbol | Pakistan |
Pakistan Tobacco '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 Pakistan Tobacco'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 Pakistan Tobacco.
| 12/19/2024 |
| 01/18/2025 |
If you would invest 0.00 in Pakistan Tobacco on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Pakistan Tobacco or generate 0.0% return on investment in Pakistan Tobacco over 30 days. Pakistan Tobacco is related to or competes with Fauji Foods, Pakistan Telecommunicatio, Unity Foods, ORIX Leasing, and National Foods. More
Pakistan Tobacco 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 Pakistan Tobacco'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 Pakistan Tobacco upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.13 | |||
| Information Ratio | 0.0927 | |||
| Maximum Drawdown | 14.12 | |||
| Value At Risk | (3.32) | |||
| Potential Upside | 3.78 |
Pakistan Tobacco Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pakistan Tobacco's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pakistan Tobacco's standard deviation. In reality, there are many statistical measures that can use Pakistan Tobacco historical prices to predict the future Pakistan Tobacco's volatility.| Risk Adjusted Performance | 0.0942 | |||
| Jensen Alpha | 0.251 | |||
| Total Risk Alpha | 0.1893 | |||
| Sortino Ratio | 0.1068 | |||
| Treynor Ratio | (1.23) |
Pakistan Tobacco Backtested Returns
At this point, Pakistan Tobacco is very steady. Pakistan Tobacco maintains Sharpe Ratio (i.e., Efficiency) of 0.0778, which implies the firm had a 0.0778% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pakistan Tobacco, which you can use to evaluate the volatility of the company. Please check Pakistan Tobacco's Risk Adjusted Performance of 0.0942, semi deviation of 1.88, and Coefficient Of Variation of 954.16 to confirm if the risk estimate we provide is consistent with the expected return of 0.18%. Pakistan Tobacco has a performance score of 6 on a scale of 0 to 100. The company holds a Beta of -0.2, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pakistan Tobacco are expected to decrease at a much lower rate. During the bear market, Pakistan Tobacco is likely to outperform the market. Pakistan Tobacco right now holds a risk of 2.32%. Please check Pakistan Tobacco standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to decide if Pakistan Tobacco will be following its historical price patterns.
Auto-correlation | 0.36 |
Below average predictability
Pakistan Tobacco has below average predictability. Overlapping area represents the amount of predictability between Pakistan Tobacco time series from 19th of December 2024 to 3rd of January 2025 and 3rd of January 2025 to 18th of January 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 Pakistan Tobacco price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Pakistan Tobacco price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.37 | |
| Residual Average | 0.0 | |
| Price Variance | 367.81 |
Pakistan Tobacco lagged returns against current returns
Autocorrelation, which is Pakistan Tobacco 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 Pakistan Tobacco's stock expected returns. We can calculate the autocorrelation of Pakistan Tobacco returns to help us make a trade decision. For example, suppose you find that Pakistan Tobacco 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 |
Pakistan Tobacco 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 Pakistan Tobacco stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pakistan Tobacco stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pakistan Tobacco stock over time.
Current vs Lagged Prices |
| Timeline |
Pakistan Tobacco Lagged Returns
When evaluating Pakistan Tobacco's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pakistan Tobacco stock have on its future price. Pakistan Tobacco 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, Pakistan Tobacco autocorrelation shows the relationship between Pakistan Tobacco stock current value and its past values and can show if there is a momentum factor associated with investing in Pakistan Tobacco.
Regressed Prices |
| Timeline |
Pair Trading with Pakistan Tobacco
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 Pakistan Tobacco 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 Pakistan Tobacco will appreciate offsetting losses from the drop in the long position's value.Moving together with Pakistan Stock
The ability to find closely correlated positions to Pakistan Tobacco could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pakistan Tobacco 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 Pakistan Tobacco - 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 Pakistan Tobacco to buy it.
The correlation of Pakistan Tobacco 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 Pakistan Tobacco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pakistan Tobacco 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 Pakistan Tobacco 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 Pakistan Stock
Pakistan Tobacco financial ratios help investors to determine whether Pakistan 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 Pakistan with respect to the benefits of owning Pakistan Tobacco security.