Grays Leasing (Pakistan) Market Value
| GRYL Stock | 6.19 0.03 0.49% |
| Symbol | Grays |
Grays Leasing '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 Grays Leasing'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 Grays Leasing.
| 12/03/2023 |
| 12/27/2024 |
If you would invest 0.00 in Grays Leasing on December 3, 2023 and sell it all today you would earn a total of 0.00 from holding Grays Leasing or generate 0.0% return on investment in Grays Leasing over 390 days. Grays Leasing is related to or competes with Habib Bank, National Bank, United Bank, MCB Bank, Allied Bank, Bank Al, and Bank Alfalah. More
Grays Leasing 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 Grays Leasing'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 Grays Leasing upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.9 | |||
| Information Ratio | 0.0635 | |||
| Maximum Drawdown | 20.14 | |||
| Value At Risk | (5.77) | |||
| Potential Upside | 8.8 |
Grays Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Grays Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Grays Leasing's standard deviation. In reality, there are many statistical measures that can use Grays Leasing historical prices to predict the future Grays Leasing's volatility.| Risk Adjusted Performance | 0.0686 | |||
| Jensen Alpha | 0.3005 | |||
| Total Risk Alpha | 0.081 | |||
| Sortino Ratio | 0.0681 | |||
| Treynor Ratio | 1.55 |
Grays Leasing Backtested Returns
Grays Leasing appears to be relatively risky, given 3 months investment horizon. Grays Leasing holds Efficiency (Sharpe) Ratio of 0.12, which attests that the entity had a 0.12% return per unit of standard deviation over the last 3 months. We have found twenty-seven technical indicators for Grays Leasing, which you can use to evaluate the volatility of the firm. Please utilize Grays Leasing's risk adjusted performance of 0.0686, and Market Risk Adjusted Performance of 1.56 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Grays Leasing holds a performance score of 9. The company retains a Market Volatility (i.e., Beta) of 0.2, which attests to not very significant fluctuations relative to the market. As returns on the market increase, Grays Leasing's returns are expected to increase less than the market. However, during the bear market, the loss of holding Grays Leasing is expected to be smaller as well. Please check Grays Leasing's semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation , to make a quick decision on whether Grays Leasing's current trending patterns will revert.
Auto-correlation | -0.3 |
Weak reverse predictability
Grays Leasing has weak reverse predictability. Overlapping area represents the amount of predictability between Grays Leasing time series from 3rd of December 2023 to 15th of June 2024 and 15th of June 2024 to 27th 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 Grays Leasing price movement. The serial correlation of -0.3 indicates that nearly 30.0% of current Grays Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.3 | |
| Spearman Rank Test | -0.28 | |
| Residual Average | 0.0 | |
| Price Variance | 1.63 |
Grays Leasing lagged returns against current returns
Autocorrelation, which is Grays Leasing 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 Grays Leasing's stock expected returns. We can calculate the autocorrelation of Grays Leasing returns to help us make a trade decision. For example, suppose you find that Grays Leasing 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 |
Grays Leasing 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 Grays Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Grays Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Grays Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
Grays Leasing Lagged Returns
When evaluating Grays Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Grays Leasing stock have on its future price. Grays Leasing 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, Grays Leasing autocorrelation shows the relationship between Grays Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in Grays Leasing.
Regressed Prices |
| Timeline |
Pair Trading with Grays Leasing
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 Grays Leasing 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 Grays Leasing will appreciate offsetting losses from the drop in the long position's value.Moving together with Grays Stock
The ability to find closely correlated positions to Grays Leasing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grays Leasing 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 Grays Leasing - 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 Grays Leasing to buy it.
The correlation of Grays Leasing 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 Grays Leasing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grays Leasing 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 Grays Leasing 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 Grays Stock
Grays Leasing financial ratios help investors to determine whether Grays 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 Grays with respect to the benefits of owning Grays Leasing security.