Bawany Air (Pakistan) Market Value
| BAPL Stock | 34.21 0.65 1.94% |
| Symbol | Bawany |
Bawany Air '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 Bawany Air'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 Bawany Air.
| 11/15/2024 |
| 12/15/2024 |
If you would invest 0.00 in Bawany Air on November 15, 2024 and sell it all today you would earn a total of 0.00 from holding Bawany Air Products or generate 0.0% return on investment in Bawany Air over 30 days. Bawany Air is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Bawany Air 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 Bawany Air'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 Bawany Air Products upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.4 | |||
| Information Ratio | 0.002 | |||
| Maximum Drawdown | 19.4 | |||
| Value At Risk | (7.50) | |||
| Potential Upside | 10.0 |
Bawany Air Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bawany Air's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Bawany Air's standard deviation. In reality, there are many statistical measures that can use Bawany Air historical prices to predict the future Bawany Air's volatility.| Risk Adjusted Performance | 0.0247 | |||
| Jensen Alpha | 0.0387 | |||
| Total Risk Alpha | (0.51) | |||
| Sortino Ratio | 0.0022 | |||
| Treynor Ratio | 0.1471 |
Bawany Air Products Backtested Returns
At this point, Bawany Air is not too volatile. Bawany Air Products secures Sharpe Ratio (or Efficiency) of 0.0322, which signifies that the company had a 0.0322% return per unit of risk over the last 3 months. We have found thirty technical indicators for Bawany Air Products, which you can use to evaluate the volatility of the firm. Please confirm Bawany Air's Risk Adjusted Performance of 0.0247, downside deviation of 4.4, and Mean Deviation of 3.71 to double-check if the risk estimate we provide is consistent with the expected return of 0.16%. Bawany Air has a performance score of 2 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.68, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bawany Air's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bawany Air is expected to be smaller as well. Bawany Air Products right now shows a risk of 4.93%. Please confirm Bawany Air Products sortino ratio, maximum drawdown, potential upside, as well as the relationship between the treynor ratio and value at risk , to decide if Bawany Air Products will be following its price patterns.
Auto-correlation | 0.04 |
Virtually no predictability
Bawany Air Products has virtually no predictability. Overlapping area represents the amount of predictability between Bawany Air time series from 15th of November 2024 to 30th of November 2024 and 30th of November 2024 to 15th 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 Bawany Air Products price movement. The serial correlation of 0.04 indicates that only as little as 4.0% of current Bawany Air price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.04 | |
| Spearman Rank Test | 0.63 | |
| Residual Average | 0.0 | |
| Price Variance | 1.31 |
Bawany Air Products lagged returns against current returns
Autocorrelation, which is Bawany Air 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 Bawany Air's stock expected returns. We can calculate the autocorrelation of Bawany Air returns to help us make a trade decision. For example, suppose you find that Bawany Air 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 |
Bawany Air 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 Bawany Air stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Bawany Air stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Bawany Air stock over time.
Current vs Lagged Prices |
| Timeline |
Bawany Air Lagged Returns
When evaluating Bawany Air's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Bawany Air stock have on its future price. Bawany Air 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, Bawany Air autocorrelation shows the relationship between Bawany Air stock current value and its past values and can show if there is a momentum factor associated with investing in Bawany Air Products.
Regressed Prices |
| Timeline |
Pair Trading with Bawany Air
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 Bawany Air 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 Bawany Air will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Bawany Air could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bawany Air 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 Bawany Air - 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 Bawany Air Products to buy it.
The correlation of Bawany Air 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 Bawany Air moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bawany Air Products 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 Bawany Air 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 Bawany Stock
Bawany Air financial ratios help investors to determine whether Bawany 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 Bawany with respect to the benefits of owning Bawany Air security.