Bank Of Punjab Stock Fundamentals
| BOP Stock | 9.51 0.32 3.26% |
Bank of Punjab fundamentals help investors to digest information that contributes to Bank of Punjab's financial success or failures. It also enables traders to predict the movement of Bank Stock. The fundamental analysis module provides a way to measure Bank of Punjab's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Bank of Punjab stock.
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About Bank of Punjab Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Bank of Punjab's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Bank of Punjab using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Bank of Punjab based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Bank of Punjab
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 Bank of Punjab 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 Bank of Punjab will appreciate offsetting losses from the drop in the long position's value.Moving together with Bank Stock
| 0.95 | FFL | Fauji Foods | PairCorr |
| 0.82 | KSBP | KSB Pumps | PairCorr |
| 0.76 | MARI | Mari Petroleum Split | PairCorr |
| 0.9 | LOADS | Loads | PairCorr |
The ability to find closely correlated positions to Bank of Punjab could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank of Punjab 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 Bank of Punjab - 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 Bank of Punjab to buy it.
The correlation of Bank of Punjab 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 Bank of Punjab moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank of Punjab 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 Bank of Punjab 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.Additional Tools for Bank Stock Analysis
When running Bank of Punjab's price analysis, check to measure Bank of Punjab's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Bank of Punjab is operating at the current time. Most of Bank of Punjab's value examination focuses on studying past and present price action to predict the probability of Bank of Punjab's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank of Punjab's price. Additionally, you may evaluate how the addition of Bank of Punjab to your portfolios can decrease your overall portfolio volatility.