Premier Insurance (Pakistan) Market Value
| PINL Stock | 5.56 0.02 0.36% |
| Symbol | Premier |
Premier Insurance '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 Premier Insurance'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 Premier Insurance.
| 12/03/2022 |
| 11/22/2024 |
If you would invest 0.00 in Premier Insurance on December 3, 2022 and sell it all today you would earn a total of 0.00 from holding Premier Insurance or generate 0.0% return on investment in Premier Insurance over 720 days. Premier Insurance is related to or competes with Adamjee Insurance, Atlas Insurance, Data Agro, and United Insurance. More
Premier Insurance 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 Premier Insurance'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 Premier Insurance upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 27.99 | |||
| Value At Risk | (9.86) | |||
| Potential Upside | 8.93 |
Premier Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Premier Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Premier Insurance's standard deviation. In reality, there are many statistical measures that can use Premier Insurance historical prices to predict the future Premier Insurance's volatility.| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.09) | |||
| Total Risk Alpha | (0.76) | |||
| Treynor Ratio | 0.2665 |
Premier Insurance Backtested Returns
Premier Insurance maintains Sharpe Ratio (i.e., Efficiency) of -0.0683, which implies the firm had a -0.0683% return per unit of risk over the last 3 months. Premier Insurance exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check Premier Insurance's Risk Adjusted Performance of (0.01), variance of 21.72, and Coefficient Of Variation of (3,320) to confirm the risk estimate we provide. The company holds a Beta of -0.56, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Premier Insurance are expected to decrease at a much lower rate. During the bear market, Premier Insurance is likely to outperform the market. At this point, Premier Insurance has a negative expected return of -0.24%. Please make sure to check Premier Insurance's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Premier Insurance performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.12 |
Insignificant predictability
Premier Insurance has insignificant predictability. Overlapping area represents the amount of predictability between Premier Insurance time series from 3rd of December 2022 to 28th of November 2023 and 28th of November 2023 to 22nd 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 Premier Insurance price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Premier Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 0.25 |
Premier Insurance lagged returns against current returns
Autocorrelation, which is Premier Insurance 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 Premier Insurance's stock expected returns. We can calculate the autocorrelation of Premier Insurance returns to help us make a trade decision. For example, suppose you find that Premier Insurance 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 |
Premier Insurance 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 Premier Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Premier Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Premier Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Premier Insurance Lagged Returns
When evaluating Premier Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Premier Insurance stock have on its future price. Premier Insurance 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, Premier Insurance autocorrelation shows the relationship between Premier Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Premier Insurance.
Regressed Prices |
| Timeline |
Pair Trading with Premier Insurance
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 Premier Insurance 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 Premier Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with Premier Stock
Moving against Premier Stock
| 0.71 | FFL | Fauji Foods | PairCorr |
| 0.71 | THCCL | Thatta Cement | PairCorr |
| 0.57 | MARI | Mari Petroleum Split | PairCorr |
| 0.55 | LOADS | Loads | PairCorr |
| 0.52 | KAPCO | KOT Addu Power | PairCorr |
The ability to find closely correlated positions to Premier Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Premier Insurance 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 Premier Insurance - 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 Premier Insurance to buy it.
The correlation of Premier Insurance 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 Premier Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Premier Insurance 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 Premier Insurance 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 Premier Stock
Premier Insurance financial ratios help investors to determine whether Premier 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 Premier with respect to the benefits of owning Premier Insurance security.