Pakistan Telecommunicatio (Pakistan) Market Value
| PTC Stock | 17.81 0.31 1.77% |
| Symbol | Pakistan |
Pakistan Telecommunicatio '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 Telecommunicatio'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 Telecommunicatio.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Pakistan Telecommunicatio on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Pakistan Telecommunication or generate 0.0% return on investment in Pakistan Telecommunicatio over 90 days. Pakistan Telecommunicatio is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Pakistan Telecommunicatio 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 Telecommunicatio'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 Telecommunication upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.21 | |||
| Information Ratio | 0.1124 | |||
| Maximum Drawdown | 14.18 | |||
| Value At Risk | (3.43) | |||
| Potential Upside | 8.13 |
Pakistan Telecommunicatio Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pakistan Telecommunicatio's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pakistan Telecommunicatio's standard deviation. In reality, there are many statistical measures that can use Pakistan Telecommunicatio historical prices to predict the future Pakistan Telecommunicatio's volatility.| Risk Adjusted Performance | 0.1236 | |||
| Jensen Alpha | 0.5294 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1721 | |||
| Treynor Ratio | (2.11) |
Pakistan Telecommunicatio Backtested Returns
Pakistan Telecommunicatio appears to be somewhat reliable, given 3 months investment horizon. Pakistan Telecommunicatio maintains Sharpe Ratio (i.e., Efficiency) of 0.19, which implies the firm had a 0.19% return per unit of risk over the last 3 months. By analyzing Pakistan Telecommunicatio's technical indicators, you can evaluate if the expected return of 0.63% is justified by implied risk. Please evaluate Pakistan Telecommunicatio's Risk Adjusted Performance of 0.1236, coefficient of variation of 661.84, and Semi Deviation of 1.91 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pakistan Telecommunicatio holds a performance score of 14. The company holds a Beta of -0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Pakistan Telecommunicatio are expected to decrease at a much lower rate. During the bear market, Pakistan Telecommunicatio is likely to outperform the market. Please check Pakistan Telecommunicatio's maximum drawdown, semi variance, and the relationship between the sortino ratio and potential upside , to make a quick decision on whether Pakistan Telecommunicatio's historical price patterns will revert.
Auto-correlation | 0.37 |
Below average predictability
Pakistan Telecommunication has below average predictability. Overlapping area represents the amount of predictability between Pakistan Telecommunicatio time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Telecommunicatio price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Pakistan Telecommunicatio price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | -0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 1.08 |
Pakistan Telecommunicatio lagged returns against current returns
Autocorrelation, which is Pakistan Telecommunicatio 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 Telecommunicatio's stock expected returns. We can calculate the autocorrelation of Pakistan Telecommunicatio returns to help us make a trade decision. For example, suppose you find that Pakistan Telecommunicatio 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 |
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Pakistan Telecommunicatio 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 Telecommunicatio stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pakistan Telecommunicatio stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pakistan Telecommunicatio stock over time.
Current vs Lagged Prices |
| Timeline |
Pakistan Telecommunicatio Lagged Returns
When evaluating Pakistan Telecommunicatio's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pakistan Telecommunicatio stock have on its future price. Pakistan Telecommunicatio 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 Telecommunicatio autocorrelation shows the relationship between Pakistan Telecommunicatio stock current value and its past values and can show if there is a momentum factor associated with investing in Pakistan Telecommunication.
Regressed Prices |
| Timeline |
Pair Trading with Pakistan Telecommunicatio
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 Telecommunicatio 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 Telecommunicatio will appreciate offsetting losses from the drop in the long position's value.Moving together with Pakistan Stock
Moving against Pakistan Stock
The ability to find closely correlated positions to Pakistan Telecommunicatio 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 Telecommunicatio 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 Telecommunicatio - 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 Telecommunication to buy it.
The correlation of Pakistan Telecommunicatio 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 Telecommunicatio moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pakistan Telecommunicatio 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 Telecommunicatio 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 Telecommunicatio's price analysis, check to measure Pakistan Telecommunicatio'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 Telecommunicatio is operating at the current time. Most of Pakistan Telecommunicatio's value examination focuses on studying past and present price action to predict the probability of Pakistan Telecommunicatio'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 Telecommunicatio's price. Additionally, you may evaluate how the addition of Pakistan Telecommunicatio to your portfolios can decrease your overall portfolio volatility.