Arctic Textile (Pakistan) Market Value
| ARCTM Stock | 21.50 0.11 0.51% |
| Symbol | Arctic |
Arctic Textile '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 Arctic Textile'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 Arctic Textile.
| 12/19/2024 |
| 03/19/2025 |
If you would invest 0.00 in Arctic Textile on December 19, 2024 and sell it all today you would earn a total of 0.00 from holding Arctic Textile or generate 0.0% return on investment in Arctic Textile over 90 days.
Arctic Textile 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 Arctic Textile'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 Arctic Textile upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.28 | |||
| Information Ratio | 0.0498 | |||
| Maximum Drawdown | 20.02 | |||
| Value At Risk | (8.44) | |||
| Potential Upside | 8.39 |
Arctic Textile Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Arctic Textile's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Arctic Textile's standard deviation. In reality, there are many statistical measures that can use Arctic Textile historical prices to predict the future Arctic Textile's volatility.| Risk Adjusted Performance | 0.0351 | |||
| Jensen Alpha | 0.1946 | |||
| Total Risk Alpha | 0.5684 | |||
| Sortino Ratio | 0.05 | |||
| Treynor Ratio | 0.1567 |
Arctic Textile Backtested Returns
As of now, Arctic Stock is not too volatile. Arctic Textile secures Sharpe Ratio (or Efficiency) of close to zero, which signifies that the company had a close to zero % return per unit of standard deviation over the last 3 months. We have found twenty-eight technical indicators for Arctic Textile, which you can use to evaluate the volatility of the firm. Please confirm Arctic Textile's risk adjusted performance of 0.0351, and Mean Deviation of 2.89 to double-check if the risk estimate we provide is consistent with the expected return of 0.0057%. The firm shows a Beta (market volatility) of 0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Arctic Textile's returns are expected to increase less than the market. However, during the bear market, the loss of holding Arctic Textile is expected to be smaller as well. Arctic Textile right now shows a risk of 4.1%. Please confirm Arctic Textile coefficient of variation, semi variance, period momentum indicator, as well as the relationship between the treynor ratio and daily balance of power , to decide if Arctic Textile will be following its price patterns.
Auto-correlation | 0.30 |
Below average predictability
Arctic Textile has below average predictability. Overlapping area represents the amount of predictability between Arctic Textile time series from 19th of December 2024 to 2nd of February 2025 and 2nd of February 2025 to 19th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Arctic Textile price movement. The serial correlation of 0.3 indicates that nearly 30.0% of current Arctic Textile price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.3 | |
| Spearman Rank Test | 0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.71 |
Arctic Textile lagged returns against current returns
Autocorrelation, which is Arctic Textile 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 Arctic Textile's stock expected returns. We can calculate the autocorrelation of Arctic Textile returns to help us make a trade decision. For example, suppose you find that Arctic Textile 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 |
Arctic Textile 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 Arctic Textile stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Arctic Textile stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Arctic Textile stock over time.
Current vs Lagged Prices |
| Timeline |
Arctic Textile Lagged Returns
When evaluating Arctic Textile's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Arctic Textile stock have on its future price. Arctic Textile 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, Arctic Textile autocorrelation shows the relationship between Arctic Textile stock current value and its past values and can show if there is a momentum factor associated with investing in Arctic Textile.
Regressed Prices |
| Timeline |
Pair Trading with Arctic Textile
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 Arctic Textile 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 Arctic Textile will appreciate offsetting losses from the drop in the long position's value.Moving against Arctic Stock
| 0.56 | SHFA | Shifa International | PairCorr |
| 0.55 | JGICL | Jubilee General Insurance | PairCorr |
| 0.53 | LCI | Lucky Core Ind | PairCorr |
| 0.53 | SITC | Sitara Chemical Indu | PairCorr |
| 0.53 | FHAM | First Habib Modaraba | PairCorr |
The ability to find closely correlated positions to Arctic Textile could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arctic Textile 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 Arctic Textile - 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 Arctic Textile to buy it.
The correlation of Arctic Textile 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 Arctic Textile moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Arctic Textile 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 Arctic Textile 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.