Shaheen Insurance (Pakistan) Market Value
| SHNI Stock | 5.60 0.09 1.63% |
| Symbol | Shaheen |
Shaheen Insurance '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 Shaheen Insurance'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 Shaheen Insurance.
| 07/05/2023 |
| 11/26/2024 |
If you would invest 0.00 in Shaheen Insurance on July 5, 2023 and sell it all today you would earn a total of 0.00 from holding Shaheen Insurance or generate 0.0% return on investment in Shaheen Insurance over 510 days. Shaheen Insurance is related to or competes with Sitara Chemical, Ittehad Chemicals, JS Investments, Unity Foods, Hi Tech, Nimir Industrial, and Escorts Investment. More
Shaheen Insurance 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 Shaheen Insurance'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 Shaheen Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.96 | |||
| Information Ratio | 0.0939 | |||
| Maximum Drawdown | 13.26 | |||
| Value At Risk | (3.89) | |||
| Potential Upside | 5.93 |
Shaheen Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Shaheen Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shaheen Insurance's standard deviation. In reality, there are many statistical measures that can use Shaheen Insurance historical prices to predict the future Shaheen Insurance's volatility.| Risk Adjusted Performance | 0.112 | |||
| Jensen Alpha | 0.4559 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.095 | |||
| Treynor Ratio | (0.85) |
Shaheen Insurance Backtested Returns
Shaheen Insurance appears to be slightly risky, given 3 months investment horizon. Shaheen Insurance owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.11, which indicates the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-seven technical indicators for Shaheen Insurance, which you can use to evaluate the volatility of the company. Please review Shaheen Insurance's Risk Adjusted Performance of 0.112, semi deviation of 2.2, and Coefficient Of Variation of 730.7 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Shaheen Insurance holds a performance score of 8. The entity has a beta of -0.47, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Shaheen Insurance are expected to decrease at a much lower rate. During the bear market, Shaheen Insurance is likely to outperform the market. Please check Shaheen Insurance's coefficient of variation, jensen alpha, and the relationship between the downside deviation and information ratio , to make a quick decision on whether Shaheen Insurance's existing price patterns will revert.
Auto-correlation | 0.31 |
Below average predictability
Shaheen Insurance has below average predictability. Overlapping area represents the amount of predictability between Shaheen Insurance time series from 5th of July 2023 to 16th of March 2024 and 16th of March 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 Shaheen Insurance price movement. The serial correlation of 0.31 indicates that nearly 31.0% of current Shaheen Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.31 | |
| Spearman Rank Test | 0.22 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Shaheen Insurance lagged returns against current returns
Autocorrelation, which is Shaheen Insurance 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 Shaheen Insurance's stock expected returns. We can calculate the autocorrelation of Shaheen Insurance returns to help us make a trade decision. For example, suppose you find that Shaheen Insurance 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 |
Shaheen Insurance 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 Shaheen Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shaheen Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shaheen Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Shaheen Insurance Lagged Returns
When evaluating Shaheen Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shaheen Insurance stock have on its future price. Shaheen Insurance 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, Shaheen Insurance autocorrelation shows the relationship between Shaheen Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Shaheen Insurance.
Regressed Prices |
| Timeline |
Pair Trading with Shaheen Insurance
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 Shaheen Insurance 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 Shaheen Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with Shaheen Stock
Moving against Shaheen Stock
The ability to find closely correlated positions to Shaheen Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shaheen Insurance 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 Shaheen Insurance - 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 Shaheen Insurance to buy it.
The correlation of Shaheen Insurance 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 Shaheen Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shaheen Insurance 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 Shaheen Insurance 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 Shaheen Stock
Shaheen Insurance financial ratios help investors to determine whether Shaheen 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 Shaheen with respect to the benefits of owning Shaheen Insurance security.