TPL Properties (Pakistan) Market Value
| TPLP Stock | 8.49 0.09 1.07% |
| Symbol | TPL |
TPL Properties '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 TPL Properties' 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 TPL Properties.
| 10/27/2024 |
| 11/26/2024 |
If you would invest 0.00 in TPL Properties on October 27, 2024 and sell it all today you would earn a total of 0.00 from holding TPL Properties or generate 0.0% return on investment in TPL Properties over 30 days. TPL Properties is related to or competes with Hi Tech, Adamjee Insurance, EFU General, National Foods, United Insurance, and Shifa International. More
TPL Properties 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 TPL Properties' 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 TPL Properties upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.82 | |||
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 19.05 | |||
| Value At Risk | (4.92) | |||
| Potential Upside | 6.25 |
TPL Properties Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for TPL Properties' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as TPL Properties' standard deviation. In reality, there are many statistical measures that can use TPL Properties historical prices to predict the future TPL Properties' volatility.| Risk Adjusted Performance | 0.0189 | |||
| Jensen Alpha | 0.0175 | |||
| Total Risk Alpha | (0.47) | |||
| Sortino Ratio | (0.03) | |||
| Treynor Ratio | 0.2265 |
TPL Properties Backtested Returns
At this point, TPL Properties is slightly risky. TPL Properties owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0386, which indicates the firm had a 0.0386% return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for TPL Properties, which you can use to evaluate the volatility of the company. Please validate TPL Properties' risk adjusted performance of 0.0189, and Coefficient Of Variation of 6827.43 to confirm if the risk estimate we provide is consistent with the expected return of 0.13%. TPL Properties has a performance score of 3 on a scale of 0 to 100. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, TPL Properties' returns are expected to increase less than the market. However, during the bear market, the loss of holding TPL Properties is expected to be smaller as well. TPL Properties presently has a risk of 3.32%. Please validate TPL Properties jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to decide if TPL Properties will be following its existing price patterns.
Auto-correlation | 0.47 |
Average predictability
TPL Properties has average predictability. Overlapping area represents the amount of predictability between TPL Properties time series from 27th of October 2024 to 11th of November 2024 and 11th of November 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 TPL Properties price movement. The serial correlation of 0.47 indicates that about 47.0% of current TPL Properties price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.47 | |
| Spearman Rank Test | 0.42 | |
| Residual Average | 0.0 | |
| Price Variance | 0.16 |
TPL Properties lagged returns against current returns
Autocorrelation, which is TPL Properties 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 TPL Properties' stock expected returns. We can calculate the autocorrelation of TPL Properties returns to help us make a trade decision. For example, suppose you find that TPL Properties 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 |
TPL Properties 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 TPL Properties stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if TPL Properties stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in TPL Properties stock over time.
Current vs Lagged Prices |
| Timeline |
TPL Properties Lagged Returns
When evaluating TPL Properties' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of TPL Properties stock have on its future price. TPL Properties 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, TPL Properties autocorrelation shows the relationship between TPL Properties stock current value and its past values and can show if there is a momentum factor associated with investing in TPL Properties.
Regressed Prices |
| Timeline |
Pair Trading with TPL Properties
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 TPL Properties 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 TPL Properties will appreciate offsetting losses from the drop in the long position's value.Moving together with TPL Stock
Moving against TPL Stock
The ability to find closely correlated positions to TPL Properties could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TPL Properties 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 TPL Properties - 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 TPL Properties to buy it.
The correlation of TPL Properties 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 TPL Properties moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TPL Properties 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 TPL Properties 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 TPL Stock
TPL Properties financial ratios help investors to determine whether TPL 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 TPL with respect to the benefits of owning TPL Properties security.