Pakistan State (Pakistan) Market Value
| PSO Stock | 261.71 12.14 4.43% |
| Symbol | Pakistan |
Pakistan State '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 State'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 State.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Pakistan State on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Pakistan State Oil or generate 0.0% return on investment in Pakistan State over 30 days. Pakistan State is related to or competes with Dost Steels, Allied Bank, Adamjee Insurance, Metropolitan Steel, Bank of Punjab, and ITTEFAQ Iron. More
Pakistan State 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 State'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 State Oil upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.29 | |||
| Information Ratio | 0.3325 | |||
| Maximum Drawdown | 12.68 | |||
| Value At Risk | (1.73) | |||
| Potential Upside | 5.38 |
Pakistan State Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pakistan State's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pakistan State's standard deviation. In reality, there are many statistical measures that can use Pakistan State historical prices to predict the future Pakistan State's volatility.| Risk Adjusted Performance | 0.3019 | |||
| Jensen Alpha | 0.9068 | |||
| Total Risk Alpha | 0.5447 | |||
| Sortino Ratio | 0.6186 | |||
| Treynor Ratio | 10.03 |
Pakistan State Oil Backtested Returns
Pakistan State appears to be very steady, given 3 months investment horizon. Pakistan State Oil maintains Sharpe Ratio (i.e., Efficiency) of 0.35, which implies the firm had a 0.35% return per unit of risk over the last 3 months. By analyzing Pakistan State's technical indicators, you can evaluate if the expected return of 0.88% is justified by implied risk. Please evaluate Pakistan State's Semi Deviation of 0.4569, risk adjusted performance of 0.3019, and Coefficient Of Variation of 259.02 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pakistan State holds a performance score of 27. The company holds a Beta of 0.0915, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pakistan State's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pakistan State is expected to be smaller as well. Please check Pakistan State's downside variance, daily balance of power, and the relationship between the maximum drawdown and skewness , to make a quick decision on whether Pakistan State's historical price patterns will revert.
Auto-correlation | 0.63 |
Good predictability
Pakistan State Oil has good predictability. Overlapping area represents the amount of predictability between Pakistan State time series from 28th of October 2024 to 12th of November 2024 and 12th of November 2024 to 27th 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 Pakistan State Oil price movement. The serial correlation of 0.63 indicates that roughly 63.0% of current Pakistan State price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.63 | |
| Spearman Rank Test | 0.75 | |
| Residual Average | 0.0 | |
| Price Variance | 79.89 |
Pakistan State Oil lagged returns against current returns
Autocorrelation, which is Pakistan State 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 State's stock expected returns. We can calculate the autocorrelation of Pakistan State returns to help us make a trade decision. For example, suppose you find that Pakistan State 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 State 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 State stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pakistan State stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pakistan State stock over time.
Current vs Lagged Prices |
| Timeline |
Pakistan State Lagged Returns
When evaluating Pakistan State's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pakistan State stock have on its future price. Pakistan State 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 State autocorrelation shows the relationship between Pakistan State stock current value and its past values and can show if there is a momentum factor associated with investing in Pakistan State Oil.
Regressed Prices |
| Timeline |
Pair Trading with Pakistan State
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 State 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 State 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 State 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 State 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 State - 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 State Oil to buy it.
The correlation of Pakistan State 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 State moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pakistan State Oil 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 State 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.Additional Tools for Pakistan Stock Analysis
When running Pakistan State's price analysis, check to measure Pakistan State's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Pakistan State is operating at the current time. Most of Pakistan State's value examination focuses on studying past and present price action to predict the probability of Pakistan State's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Pakistan State's price. Additionally, you may evaluate how the addition of Pakistan State to your portfolios can decrease your overall portfolio volatility.