Sindh Modaraba (Pakistan) Market Value
| SINDM Stock | 9.50 0.50 5.00% |
| Symbol | Sindh |
Sindh Modaraba '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 Sindh Modaraba'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 Sindh Modaraba.
| 10/28/2024 |
| 11/27/2024 |
If you would invest 0.00 in Sindh Modaraba on October 28, 2024 and sell it all today you would earn a total of 0.00 from holding Sindh Modaraba Management or generate 0.0% return on investment in Sindh Modaraba over 30 days. Sindh Modaraba is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Sindh Modaraba 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 Sindh Modaraba'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 Sindh Modaraba Management upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.46 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 16.23 | |||
| Value At Risk | (4.69) | |||
| Potential Upside | 4.23 |
Sindh Modaraba Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Sindh Modaraba's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sindh Modaraba's standard deviation. In reality, there are many statistical measures that can use Sindh Modaraba historical prices to predict the future Sindh Modaraba's volatility.| Risk Adjusted Performance | 0.0117 | |||
| Jensen Alpha | 0.0451 | |||
| Total Risk Alpha | (0.41) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | (0.02) |
Sindh Modaraba Management Backtested Returns
Sindh Modaraba Management owns Efficiency Ratio (i.e., Sharpe Ratio) of -0.0248, which indicates the firm had a -0.0248% return per unit of risk over the last 3 months. Sindh Modaraba Management exposes twenty-seven different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please validate Sindh Modaraba's Semi Deviation of 2.44, risk adjusted performance of 0.0117, and Coefficient Of Variation of 16885.14 to confirm the risk estimate we provide. The entity has a beta of -0.33, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sindh Modaraba are expected to decrease at a much lower rate. During the bear market, Sindh Modaraba is likely to outperform the market. At this point, Sindh Modaraba Management has a negative expected return of -0.0641%. Please make sure to validate Sindh Modaraba's value at risk, as well as the relationship between the skewness and day typical price , to decide if Sindh Modaraba Management performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.37 |
Below average predictability
Sindh Modaraba Management has below average predictability. Overlapping area represents the amount of predictability between Sindh Modaraba 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 Sindh Modaraba Management price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Sindh Modaraba price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.37 | |
| Spearman Rank Test | 0.25 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
Sindh Modaraba Management lagged returns against current returns
Autocorrelation, which is Sindh Modaraba 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 Sindh Modaraba's stock expected returns. We can calculate the autocorrelation of Sindh Modaraba returns to help us make a trade decision. For example, suppose you find that Sindh Modaraba 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 |
Sindh Modaraba 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 Sindh Modaraba stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sindh Modaraba stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sindh Modaraba stock over time.
Current vs Lagged Prices |
| Timeline |
Sindh Modaraba Lagged Returns
When evaluating Sindh Modaraba's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sindh Modaraba stock have on its future price. Sindh Modaraba 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, Sindh Modaraba autocorrelation shows the relationship between Sindh Modaraba stock current value and its past values and can show if there is a momentum factor associated with investing in Sindh Modaraba Management.
Regressed Prices |
| Timeline |
Pair Trading with Sindh Modaraba
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 Sindh Modaraba 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 Sindh Modaraba will appreciate offsetting losses from the drop in the long position's value.Moving against Sindh Stock
| 0.58 | MCB | MCB Bank | PairCorr |
| 0.49 | HBL | Habib Bank | PairCorr |
| 0.49 | UBL | United Bank | PairCorr |
| 0.44 | AKBL | Askari Bank | PairCorr |
| 0.41 | BAFL | Bank Alfalah | PairCorr |
The ability to find closely correlated positions to Sindh Modaraba could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sindh Modaraba 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 Sindh Modaraba - 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 Sindh Modaraba Management to buy it.
The correlation of Sindh Modaraba 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 Sindh Modaraba moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sindh Modaraba Management 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 Sindh Modaraba 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 Sindh Stock
Sindh Modaraba financial ratios help investors to determine whether Sindh 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 Sindh with respect to the benefits of owning Sindh Modaraba security.