Habib Sugar Correlations

HABSM Stock

84.26 0.26 0.31%

The current 90-days correlation between Habib Sugar Mills and National Bank of is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Habib Sugar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Habib Sugar Mills moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Habib Sugar Correlation With Market

Good diversification

The correlation between Habib Sugar Mills and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Habib Sugar Mills and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Habib Sugar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Habib Sugar 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 Habib Sugar - 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 Habib Sugar Mills to buy it.

Moving together with Habib Stock

0.93	FFL	Fauji Foods	Pair Corr
0.87	KSBP	KSB Pumps	Pair Corr
0.87	MARI	Mari Petroleum	Pair Corr
0.93	LOADS	Loads	Pair Corr
0.94	THCCL	Thatta Cement	Pair Corr
0.93	KAPCO	KOT Addu Power	Pair Corr
0.9	REWM	Reliance Weaving Mills	Pair Corr
0.94	WTL	WorldCall Telecom	Pair Corr
0.78	HBL	Habib Bank	Pair Corr
0.87	AKBL	Askari Bank	Pair Corr
0.89	PSO	Pakistan State Oil	Pair Corr
0.96	ACIETF	Alfalah Consumer	Pair Corr
0.85	OGDC	Oil and Gas	Pair Corr
0.64	EFERT	Engro Fertilizers	Pair Corr
0.94	MTL	Millat Tractors	Pair Corr
0.83	CLOV	Clover Pakistan	Pair Corr
0.93	ENGRO	Engro	Pair Corr
0.87	AGP	AGP	Pair Corr
0.91	AICL	Adamjee Insurance	Pair Corr

Related Correlations Analysis

	NBP	UBL	BAFL	ABL	MEBL	AKBL	HMB	MCB	BAHL	FABL
NBP		0.42	0.62	0.63	0.47	0.69	0.58	0.62	0.65	0.41	NBP
UBL	0.42		0.91	0.84	0.22	0.86	0.92	0.88	0.88	0.25	UBL
BAFL	0.62	0.91		0.94	0.2	0.95	0.96	0.96	0.98	0.22	BAFL
ABL	0.63	0.84	0.94		0.21	0.93	0.95	0.91	0.95	0.09	ABL
MEBL	0.47	0.22	0.2	0.21		0.13	0.18	0.28	0.24	0.63	MEBL
AKBL	0.69	0.86	0.95	0.93	0.13		0.94	0.9	0.95	0.17	AKBL
HMB	0.58	0.92	0.96	0.95	0.18	0.94		0.93	0.97	0.13	HMB
MCB	0.62	0.88	0.96	0.91	0.28	0.9	0.93		0.96	0.25	MCB
BAHL	0.65	0.88	0.98	0.95	0.24	0.95	0.97	0.96		0.2	BAHL
FABL	0.41	0.25	0.22	0.09	0.63	0.17	0.13	0.25	0.2		FABL
	NBP	UBL	BAFL	ABL	MEBL	AKBL	HMB	MCB	BAHL	FABL

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Risk-Adjusted Indicators

There is a big difference between Habib Stock performing well and Habib Sugar Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Habib Sugar's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NBP	2.27	0.03	0.00	0.12	3.63	(2.19)	3.95	(6.75)	19.71
UBL	1.49	0.44	0.22	(0.59)	1.39	(1.63)	4.18	(2.65)	10.16
BAFL	2.04	0.48	0.20	(3.36)	2.04	(2.71)	5.94	(4.29)	15.57
ABL	1.54	0.29	0.13	(1.92)	1.71	(1.72)	4.53	(3.25)	10.81
MEBL	1.51	0.04	0.01	0.35	2.40	(1.66)	4.24	(2.97)	19.53
AKBL	2.10	0.49	0.16	(2.17)	2.40	(2.32)	8.08	(4.23)	18.66
HMB	1.41	0.38	0.19	(3.32)	1.39	(1.67)	3.95	(2.17)	14.15
MCB	1.57	0.21	0.09	3.30	2.04	(1.66)	4.44	(4.05)	11.22
BAHL	1.71	0.42	0.19	(16.24)	1.52	(1.85)	6.59	(3.43)	14.57
FABL	1.79	0.10	0.02	(0.19)	2.60	(1.79)	3.65	(3.53)	17.28

Be your own money manager

Our tools can tell you how much better you can do entering a position in Habib Sugar without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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