Shell Pakistan (Pakistan) Market Value
| SHEL Stock | 149.42 4.43 2.88% |
| Symbol | Shell |
Shell Pakistan '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 Shell Pakistan'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 Shell Pakistan.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Shell Pakistan on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Shell Pakistan or generate 0.0% return on investment in Shell Pakistan over 30 days. Shell Pakistan is related to or competes with Al Ghazi, Nestle Pakistan, Hinopak Motors, Abbott Laboratories, and Colgate Palmolive. More
Shell Pakistan 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 Shell Pakistan'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 Shell Pakistan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.34 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 9.64 | |||
| Value At Risk | (2.19) | |||
| Potential Upside | 2.2 |
Shell Pakistan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shell Pakistan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shell Pakistan's standard deviation. In reality, there are many statistical measures that can use Shell Pakistan historical prices to predict the future Shell Pakistan's volatility.| Risk Adjusted Performance | 0.0624 | |||
| Jensen Alpha | 0.0677 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | (0.01) | |||
| Treynor Ratio | 0.3757 |
Shell Pakistan Backtested Returns
At this point, Shell Pakistan is very steady. Shell Pakistan owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0476, which indicates the firm had a 0.0476% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Shell Pakistan, which you can use to evaluate the volatility of the company. Please validate Shell Pakistan's Coefficient Of Variation of 1325.38, risk adjusted performance of 0.0624, and Semi Deviation of 1.17 to confirm if the risk estimate we provide is consistent with the expected return of 0.0703%. Shell Pakistan has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.26, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shell Pakistan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shell Pakistan is expected to be smaller as well. Shell Pakistan right now has a risk of 1.48%. Please validate Shell Pakistan information ratio, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Shell Pakistan will be following its existing price patterns.
Auto-correlation | -0.84 |
Excellent reverse predictability
Shell Pakistan has excellent reverse predictability. Overlapping area represents the amount of predictability between Shell Pakistan 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 Shell Pakistan price movement. The serial correlation of -0.84 indicates that around 84.0% of current Shell Pakistan price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.84 | |
| Spearman Rank Test | 0.09 | |
| Residual Average | 0.0 | |
| Price Variance | 9.8 |
Shell Pakistan lagged returns against current returns
Autocorrelation, which is Shell Pakistan 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 Shell Pakistan's stock expected returns. We can calculate the autocorrelation of Shell Pakistan returns to help us make a trade decision. For example, suppose you find that Shell Pakistan 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 |
Shell Pakistan 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 Shell Pakistan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shell Pakistan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shell Pakistan stock over time.
Current vs Lagged Prices |
| Timeline |
Shell Pakistan Lagged Returns
When evaluating Shell Pakistan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shell Pakistan stock have on its future price. Shell Pakistan 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, Shell Pakistan autocorrelation shows the relationship between Shell Pakistan stock current value and its past values and can show if there is a momentum factor associated with investing in Shell Pakistan.
Regressed Prices |
| Timeline |
Pair Trading with Shell Pakistan
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 Shell Pakistan 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 Shell Pakistan will appreciate offsetting losses from the drop in the long position's value.Moving together with Shell Stock
The ability to find closely correlated positions to Shell Pakistan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shell Pakistan 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 Shell Pakistan - 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 Shell Pakistan to buy it.
The correlation of Shell Pakistan 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 Shell Pakistan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shell Pakistan 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 Shell Pakistan 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 Shell Stock
Shell Pakistan financial ratios help investors to determine whether Shell 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 Shell with respect to the benefits of owning Shell Pakistan security.