Al Ghazi (Pakistan) Market Value
| AGTL Stock | 409.69 15.64 3.97% |
| Symbol | AGTL |
Al Ghazi '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 Al Ghazi'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 Al Ghazi.
| 12/09/2022 |
| 11/28/2024 |
If you would invest 0.00 in Al Ghazi on December 9, 2022 and sell it all today you would earn a total of 0.00 from holding Al Ghazi Tractors or generate 0.0% return on investment in Al Ghazi over 720 days. Al Ghazi is related to or competes with Century Insurance, Premier Insurance, National Bank, Faysal Bank, Avanceon, and Pakistan Telecommunicatio. More
Al Ghazi 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 Al Ghazi'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 Al Ghazi Tractors upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.66 | |||
| Information Ratio | 0.0766 | |||
| Maximum Drawdown | 9.56 | |||
| Value At Risk | (3.22) | |||
| Potential Upside | 4.13 |
Al Ghazi Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Al Ghazi's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Al Ghazi's standard deviation. In reality, there are many statistical measures that can use Al Ghazi historical prices to predict the future Al Ghazi's volatility.| Risk Adjusted Performance | 0.1133 | |||
| Jensen Alpha | 0.3738 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0951 | |||
| Treynor Ratio | (0.35) |
Al Ghazi Tractors Backtested Returns
Al Ghazi appears to be very steady, given 3 months investment horizon. Al Ghazi Tractors retains Efficiency (Sharpe Ratio) of 0.14, which signifies that the company had a 0.14% return per unit of price deviation over the last 3 months. We have found thirty technical indicators for Al Ghazi, which you can use to evaluate the volatility of the firm. Please makes use of Al Ghazi's Coefficient Of Variation of 714.25, standard deviation of 2.06, and Market Risk Adjusted Performance of (0.34) to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Al Ghazi holds a performance score of 11. The firm owns a Beta (Systematic Risk) of -0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Al Ghazi are expected to decrease at a much lower rate. During the bear market, Al Ghazi is likely to outperform the market. Please check Al Ghazi's market risk adjusted performance, semi deviation, coefficient of variation, as well as the relationship between the mean deviation and downside deviation , to make a quick decision on whether Al Ghazi's current price history will revert.
Auto-correlation | 0.69 |
Good predictability
Al Ghazi Tractors has good predictability. Overlapping area represents the amount of predictability between Al Ghazi time series from 9th of December 2022 to 4th of December 2023 and 4th of December 2023 to 28th 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 Al Ghazi Tractors price movement. The serial correlation of 0.69 indicates that around 69.0% of current Al Ghazi price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.69 | |
| Spearman Rank Test | 0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 997.85 |
Al Ghazi Tractors lagged returns against current returns
Autocorrelation, which is Al Ghazi 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 Al Ghazi's stock expected returns. We can calculate the autocorrelation of Al Ghazi returns to help us make a trade decision. For example, suppose you find that Al Ghazi 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 |
Al Ghazi 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 Al Ghazi stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Al Ghazi stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Al Ghazi stock over time.
Current vs Lagged Prices |
| Timeline |
Al Ghazi Lagged Returns
When evaluating Al Ghazi's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Al Ghazi stock have on its future price. Al Ghazi 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, Al Ghazi autocorrelation shows the relationship between Al Ghazi stock current value and its past values and can show if there is a momentum factor associated with investing in Al Ghazi Tractors.
Regressed Prices |
| Timeline |
Pair Trading with Al Ghazi
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 Al Ghazi 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 Al Ghazi will appreciate offsetting losses from the drop in the long position's value.Moving together with AGTL Stock
Moving against AGTL Stock
The ability to find closely correlated positions to Al Ghazi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Al Ghazi 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 Al Ghazi - 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 Al Ghazi Tractors to buy it.
The correlation of Al Ghazi 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 Al Ghazi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Al Ghazi Tractors 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 Al Ghazi 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 AGTL Stock
Al Ghazi financial ratios help investors to determine whether AGTL 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 AGTL with respect to the benefits of owning Al Ghazi security.