Thatta Cement (Pakistan) Market Value
| THCCL Stock | 145.00 4.82 3.22% |
| Symbol | Thatta |
Thatta Cement '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 Thatta Cement'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 Thatta Cement.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Thatta Cement on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Thatta Cement or generate 0.0% return on investment in Thatta Cement over 30 days. Thatta Cement is related to or competes with Shaheen Insurance, Jubilee Life, Hi Tech, Askari General, and TPL Insurance. More
Thatta Cement 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 Thatta Cement'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 Thatta Cement upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.3275 | |||
| Maximum Drawdown | 19.77 | |||
| Value At Risk | (5.02) | |||
| Potential Upside | 10.0 |
Thatta Cement Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Thatta Cement's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Thatta Cement's standard deviation. In reality, there are many statistical measures that can use Thatta Cement historical prices to predict the future Thatta Cement's volatility.| Risk Adjusted Performance | 0.2817 | |||
| Jensen Alpha | 1.68 | |||
| Total Risk Alpha | 0.8881 | |||
| Sortino Ratio | 0.459 | |||
| Treynor Ratio | (2.24) |
Thatta Cement Backtested Returns
Thatta Cement is very steady given 3 months investment horizon. Thatta Cement owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.39, which indicates the firm had a 0.39% return per unit of risk over the last 3 months. We were able to break down twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.73% are justified by taking the suggested risk. Use Thatta Cement Coefficient Of Variation of 280.5, risk adjusted performance of 0.2817, and Semi Deviation of 2.51 to evaluate company specific risk that cannot be diversified away. Thatta Cement holds a performance score of 30 on a scale of zero to a hundred. The entity has a beta of -0.71, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Thatta Cement are expected to decrease at a much lower rate. During the bear market, Thatta Cement is likely to outperform the market. Use Thatta Cement downside variance, day median price, and the relationship between the treynor ratio and kurtosis , to analyze future returns on Thatta Cement.
Auto-correlation | -0.08 |
Very weak reverse predictability
Thatta Cement has very weak reverse predictability. Overlapping area represents the amount of predictability between Thatta Cement time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th 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 Thatta Cement price movement. The serial correlation of -0.08 indicates that barely 8.0% of current Thatta Cement price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.08 | |
| Spearman Rank Test | -0.44 | |
| Residual Average | 0.0 | |
| Price Variance | 356.56 |
Thatta Cement lagged returns against current returns
Autocorrelation, which is Thatta Cement 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 Thatta Cement's stock expected returns. We can calculate the autocorrelation of Thatta Cement returns to help us make a trade decision. For example, suppose you find that Thatta Cement 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 |
Thatta Cement 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 Thatta Cement stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Thatta Cement stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Thatta Cement stock over time.
Current vs Lagged Prices |
| Timeline |
Thatta Cement Lagged Returns
When evaluating Thatta Cement's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Thatta Cement stock have on its future price. Thatta Cement 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, Thatta Cement autocorrelation shows the relationship between Thatta Cement stock current value and its past values and can show if there is a momentum factor associated with investing in Thatta Cement.
Regressed Prices |
| Timeline |
Pair Trading with Thatta Cement
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 Thatta Cement 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 Thatta Cement will appreciate offsetting losses from the drop in the long position's value.Moving together with Thatta Stock
| 0.93 | OGDC | Oil and Gas | PairCorr |
| 0.92 | PSO | Pakistan State Oil | PairCorr |
| 0.89 | PPL | Pakistan Petroleum | PairCorr |
| 0.97 | FFC | Fauji Fertilizer | PairCorr |
| 0.85 | HBL | Habib Bank | PairCorr |
The ability to find closely correlated positions to Thatta Cement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thatta Cement 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 Thatta Cement - 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 Thatta Cement to buy it.
The correlation of Thatta Cement 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 Thatta Cement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thatta Cement 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 Thatta Cement 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 Thatta Stock
Thatta Cement financial ratios help investors to determine whether Thatta 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 Thatta with respect to the benefits of owning Thatta Cement security.