At Tahur (Pakistan) Market Value
| PREMA Stock | 24.18 2.20 10.01% |
| Symbol | PREMA |
At Tahur '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 At Tahur'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 At Tahur.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in At Tahur on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding At Tahur or generate 0.0% return on investment in At Tahur over 30 days.
At Tahur 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 At Tahur'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 At Tahur upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.55 | |||
| Information Ratio | 0.095 | |||
| Maximum Drawdown | 19.83 | |||
| Value At Risk | (5.04) | |||
| Potential Upside | 9.98 |
At Tahur Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for At Tahur's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as At Tahur's standard deviation. In reality, there are many statistical measures that can use At Tahur historical prices to predict the future At Tahur's volatility.| Risk Adjusted Performance | 0.1042 | |||
| Jensen Alpha | 0.4938 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.1111 | |||
| Treynor Ratio | 3.72 |
At Tahur Backtested Returns
At Tahur appears to be somewhat reliable, given 3 months investment horizon. At Tahur retains Efficiency (Sharpe Ratio) of 0.0862, which signifies that the company had a 0.0862% return per unit of price deviation over the last 3 months. We have found twenty-eight technical indicators for At Tahur, which you can use to evaluate the volatility of the firm. Please makes use of At Tahur's Market Risk Adjusted Performance of 3.73, standard deviation of 4.15, and Coefficient Of Variation of 798.2 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, At Tahur holds a performance score of 6. The firm owns a Beta (Systematic Risk) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, At Tahur's returns are expected to increase less than the market. However, during the bear market, the loss of holding At Tahur is expected to be smaller as well. Please check At Tahur's sortino ratio, semi variance, and the relationship between the information ratio and value at risk , to make a quick decision on whether At Tahur's current price history will revert.
Auto-correlation | 0.43 |
Average predictability
At Tahur has average predictability. Overlapping area represents the amount of predictability between At Tahur time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 At Tahur price movement. The serial correlation of 0.43 indicates that just about 43.0% of current At Tahur price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.43 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 2.4 |
At Tahur lagged returns against current returns
Autocorrelation, which is At Tahur 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 At Tahur's stock expected returns. We can calculate the autocorrelation of At Tahur returns to help us make a trade decision. For example, suppose you find that At Tahur 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 |
At Tahur 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 At Tahur stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if At Tahur stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in At Tahur stock over time.
Current vs Lagged Prices |
| Timeline |
At Tahur Lagged Returns
When evaluating At Tahur's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of At Tahur stock have on its future price. At Tahur 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, At Tahur autocorrelation shows the relationship between At Tahur stock current value and its past values and can show if there is a momentum factor associated with investing in At Tahur.
Regressed Prices |
| Timeline |
Pair Trading with At Tahur
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 At Tahur 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 At Tahur will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to At Tahur could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace At Tahur 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 At Tahur - 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 At Tahur to buy it.
The correlation of At Tahur 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 At Tahur moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if At Tahur 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 At Tahur 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.