Askari General (Pakistan) Market Value
| AGIC Stock | 27.96 0.24 0.85% |
| Symbol | Askari |
Askari General '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 Askari General'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 Askari General.
| 06/17/2024 |
| 12/14/2024 |
If you would invest 0.00 in Askari General on June 17, 2024 and sell it all today you would earn a total of 0.00 from holding Askari General Insurance or generate 0.0% return on investment in Askari General over 180 days. Askari General is related to or competes with United Insurance, Habib Insurance, National Bank, Faysal Bank, and Century Insurance. More
Askari General 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 Askari General'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 Askari General Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.15 | |||
| Information Ratio | 0.1278 | |||
| Maximum Drawdown | 18.16 | |||
| Value At Risk | (4.94) | |||
| Potential Upside | 4.29 |
Askari General Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Askari General's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Askari General's standard deviation. In reality, there are many statistical measures that can use Askari General historical prices to predict the future Askari General's volatility.| Risk Adjusted Performance | 0.1263 | |||
| Jensen Alpha | 0.4359 | |||
| Total Risk Alpha | 0.0998 | |||
| Sortino Ratio | 0.1122 | |||
| Treynor Ratio | 5.36 |
Askari General Insurance Backtested Returns
Askari General appears to be very steady, given 3 months investment horizon. Askari General Insurance secures Sharpe Ratio (or Efficiency) of 0.2, which signifies that the company had a 0.2% return per unit of risk over the last 3 months. By analyzing Askari General's technical indicators, you can evaluate if the expected return of 0.55% is justified by implied risk. Please makes use of Askari General's Risk Adjusted Performance of 0.1263, downside deviation of 3.15, and Mean Deviation of 1.84 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Askari General holds a performance score of 15. The firm shows a Beta (market volatility) of 0.0827, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Askari General's returns are expected to increase less than the market. However, during the bear market, the loss of holding Askari General is expected to be smaller as well. Please check Askari General's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to make a quick decision on whether Askari General's price patterns will revert.
Auto-correlation | 0.68 |
Good predictability
Askari General Insurance has good predictability. Overlapping area represents the amount of predictability between Askari General time series from 17th of June 2024 to 15th of September 2024 and 15th of September 2024 to 14th of December 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 Askari General Insurance price movement. The serial correlation of 0.68 indicates that around 68.0% of current Askari General price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.62 | |
| Residual Average | 0.0 | |
| Price Variance | 2.64 |
Askari General Insurance lagged returns against current returns
Autocorrelation, which is Askari General 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 Askari General's stock expected returns. We can calculate the autocorrelation of Askari General returns to help us make a trade decision. For example, suppose you find that Askari General 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 |
Askari General 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 Askari General stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Askari General stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Askari General stock over time.
Current vs Lagged Prices |
| Timeline |
Askari General Lagged Returns
When evaluating Askari General's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Askari General stock have on its future price. Askari General 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, Askari General autocorrelation shows the relationship between Askari General stock current value and its past values and can show if there is a momentum factor associated with investing in Askari General Insurance.
Regressed Prices |
| Timeline |
Pair Trading with Askari General
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 Askari General 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 Askari General will appreciate offsetting losses from the drop in the long position's value.Moving together with Askari Stock
| 0.93 | FFL | Fauji Foods | PairCorr |
| 0.69 | KSBP | KSB Pumps | PairCorr |
| 0.73 | MARI | Mari Petroleum Split | PairCorr |
| 0.85 | LOADS | Loads | PairCorr |
Moving against Askari Stock
The ability to find closely correlated positions to Askari General could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Askari General 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 Askari General - 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 Askari General Insurance to buy it.
The correlation of Askari General 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 Askari General moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Askari General Insurance 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 Askari General 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 Askari Stock
Askari General financial ratios help investors to determine whether Askari 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 Askari with respect to the benefits of owning Askari General security.