Pioneer Cement (Pakistan) Market Value
| PIOC Stock | 184.37 0.44 0.24% |
| Symbol | Pioneer |
Pioneer Cement '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 Pioneer Cement'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 Pioneer Cement.
| 10/25/2024 |
| 11/24/2024 |
If you would invest 0.00 in Pioneer Cement on October 25, 2024 and sell it all today you would earn a total of 0.00 from holding Pioneer Cement or generate 0.0% return on investment in Pioneer Cement over 30 days. Pioneer Cement is related to or competes with Grays Leasing, Aisha Steel, Mughal Iron, Avanceon, National Foods, and Lotte Chemical. More
Pioneer Cement 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 Pioneer Cement'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 Pioneer Cement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.73 | |||
| Information Ratio | 0.0648 | |||
| Maximum Drawdown | 14.32 | |||
| Value At Risk | (2.05) | |||
| Potential Upside | 4.54 |
Pioneer Cement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pioneer Cement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pioneer Cement's standard deviation. In reality, there are many statistical measures that can use Pioneer Cement historical prices to predict the future Pioneer Cement's volatility.| Risk Adjusted Performance | 0.1021 | |||
| Jensen Alpha | 0.2998 | |||
| Total Risk Alpha | (0.08) | |||
| Sortino Ratio | 0.0819 | |||
| Treynor Ratio | (0.85) |
Pioneer Cement Backtested Returns
Pioneer Cement appears to be very steady, given 3 months investment horizon. Pioneer Cement maintains Sharpe Ratio (i.e., Efficiency) of 0.14, which implies the firm had a 0.14% return per unit of risk over the last 3 months. We have found thirty technical indicators for Pioneer Cement, which you can use to evaluate the volatility of the company. Please evaluate Pioneer Cement's Risk Adjusted Performance of 0.1021, semi deviation of 1.5, and Coefficient Of Variation of 802.2 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pioneer Cement holds a performance score of 11. The company holds a Beta of -0.31, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Pioneer Cement are expected to decrease at a much lower rate. During the bear market, Pioneer Cement is likely to outperform the market. Please check Pioneer Cement's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Pioneer Cement's historical price patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Pioneer Cement has below average predictability. Overlapping area represents the amount of predictability between Pioneer Cement time series from 25th of October 2024 to 9th of November 2024 and 9th of November 2024 to 24th 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 Pioneer Cement price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Pioneer Cement price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 8.13 |
Pioneer Cement lagged returns against current returns
Autocorrelation, which is Pioneer Cement 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 Pioneer Cement's stock expected returns. We can calculate the autocorrelation of Pioneer Cement returns to help us make a trade decision. For example, suppose you find that Pioneer Cement 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 |
Pioneer Cement 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 Pioneer Cement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pioneer Cement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pioneer Cement stock over time.
Current vs Lagged Prices |
| Timeline |
Pioneer Cement Lagged Returns
When evaluating Pioneer Cement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pioneer Cement stock have on its future price. Pioneer Cement 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, Pioneer Cement autocorrelation shows the relationship between Pioneer Cement stock current value and its past values and can show if there is a momentum factor associated with investing in Pioneer Cement.
Regressed Prices |
| Timeline |
Pair Trading with Pioneer Cement
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 Pioneer Cement 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 Pioneer Cement will appreciate offsetting losses from the drop in the long position's value.Moving together with Pioneer Stock
Moving against Pioneer Stock
The ability to find closely correlated positions to Pioneer Cement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pioneer Cement 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 Pioneer Cement - 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 Pioneer Cement to buy it.
The correlation of Pioneer Cement 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 Pioneer Cement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pioneer Cement 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 Pioneer Cement 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 Pioneer Stock
Pioneer Cement financial ratios help investors to determine whether Pioneer 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 Pioneer with respect to the benefits of owning Pioneer Cement security.