Clover Pakistan (Pakistan) Market Value
| CLOV Stock | 45.21 1.10 2.38% |
| Symbol | Clover |
Please note, there is a significant difference between Clover Pakistan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Clover Pakistan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Clover Pakistan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Clover Pakistan '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 Clover Pakistan'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 Clover Pakistan.
| 02/04/2023 |
| 12/25/2024 |
If you would invest 0.00 in Clover Pakistan on February 4, 2023 and sell it all today you would earn a total of 0.00 from holding Clover Pakistan or generate 0.0% return on investment in Clover Pakistan over 690 days. Clover Pakistan is related to or competes with National Bank, United Bank, Bank Alfalah, Allied Bank, Meezan Bank, Askari Bank, and Habib Metropolitan. More
Clover Pakistan 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 Clover Pakistan'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 Clover Pakistan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.0714 | |||
| Maximum Drawdown | 19.72 | |||
| Value At Risk | (3.77) | |||
| Potential Upside | 5.9 |
Clover Pakistan Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Clover Pakistan's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Clover Pakistan's standard deviation. In reality, there are many statistical measures that can use Clover Pakistan historical prices to predict the future Clover Pakistan's volatility.| Risk Adjusted Performance | 0.0758 | |||
| Jensen Alpha | 0.2472 | |||
| Total Risk Alpha | 0.1237 | |||
| Sortino Ratio | 0.0847 | |||
| Treynor Ratio | 0.6184 |
Clover Pakistan Backtested Returns
Clover Pakistan appears to be very steady, given 3 months investment horizon. Clover Pakistan secures Sharpe Ratio (or Efficiency) of 0.0945, which signifies that the company had a 0.0945% return per unit of risk over the last 3 months. We have found thirty technical indicators for Clover Pakistan, which you can use to evaluate the volatility of the firm. Please makes use of Clover Pakistan's Mean Deviation of 2.13, downside deviation of 2.68, and Risk Adjusted Performance of 0.0758 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Clover Pakistan holds a performance score of 7. The firm shows a Beta (market volatility) of 0.42, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Clover Pakistan's returns are expected to increase less than the market. However, during the bear market, the loss of holding Clover Pakistan is expected to be smaller as well. Please check Clover Pakistan's total risk alpha, treynor ratio, and the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Clover Pakistan's price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Clover Pakistan has insignificant predictability. Overlapping area represents the amount of predictability between Clover Pakistan time series from 4th of February 2023 to 15th of January 2024 and 15th of January 2024 to 25th 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 Clover Pakistan price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Clover Pakistan price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.2 | |
| Residual Average | 0.0 | |
| Price Variance | 48.82 |
Clover Pakistan lagged returns against current returns
Autocorrelation, which is Clover Pakistan 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 Clover Pakistan's stock expected returns. We can calculate the autocorrelation of Clover Pakistan returns to help us make a trade decision. For example, suppose you find that Clover Pakistan 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 |
Clover Pakistan 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 Clover Pakistan stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Clover Pakistan stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Clover Pakistan stock over time.
Current vs Lagged Prices |
| Timeline |
Clover Pakistan Lagged Returns
When evaluating Clover Pakistan's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Clover Pakistan stock have on its future price. Clover Pakistan 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, Clover Pakistan autocorrelation shows the relationship between Clover Pakistan stock current value and its past values and can show if there is a momentum factor associated with investing in Clover Pakistan.
Regressed Prices |
| Timeline |
Pair Trading with Clover Pakistan
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 Clover Pakistan 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 Clover Pakistan will appreciate offsetting losses from the drop in the long position's value.Moving together with Clover Stock
| 0.66 | OGDC | Oil and Gas | PairCorr |
| 0.69 | PSO | Pakistan State Oil | PairCorr |
| 0.77 | PPL | Pakistan Petroleum | PairCorr |
| 0.77 | FFC | Fauji Fertilizer | PairCorr |
| 0.7 | HBL | Habib Bank | PairCorr |
The ability to find closely correlated positions to Clover Pakistan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Clover Pakistan 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 Clover Pakistan - 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 Clover Pakistan to buy it.
The correlation of Clover Pakistan 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 Clover Pakistan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Clover Pakistan 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 Clover Pakistan 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 Clover Stock
Clover Pakistan financial ratios help investors to determine whether Clover 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 Clover with respect to the benefits of owning Clover Pakistan security.