Habib Sugar (Pakistan) Market Value
| HABSM Stock | 84.26 0.26 0.31% |
| Symbol | Habib |
Habib Sugar '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 Habib Sugar'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 Habib Sugar.
| 09/29/2024 |
| 12/28/2024 |
If you would invest 0.00 in Habib Sugar on September 29, 2024 and sell it all today you would earn a total of 0.00 from holding Habib Sugar Mills or generate 0.0% return on investment in Habib Sugar over 90 days. Habib Sugar is related to or competes with National Bank, United Bank, Bank Alfalah, Allied Bank, Meezan Bank, Askari Bank, and Habib Metropolitan. More
Habib Sugar 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 Habib Sugar'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 Habib Sugar Mills upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.62 | |||
| Information Ratio | 0.1576 | |||
| Maximum Drawdown | 16.0 | |||
| Value At Risk | (2.07) | |||
| Potential Upside | 2.6 |
Habib Sugar Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Habib Sugar's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Habib Sugar's standard deviation. In reality, there are many statistical measures that can use Habib Sugar historical prices to predict the future Habib Sugar's volatility.| Risk Adjusted Performance | 0.1439 | |||
| Jensen Alpha | 0.3614 | |||
| Total Risk Alpha | 0.3003 | |||
| Sortino Ratio | 0.208 | |||
| Treynor Ratio | (5.90) |
Habib Sugar Mills Backtested Returns
Habib Sugar appears to be very steady, given 3 months investment horizon. Habib Sugar Mills holds Efficiency (Sharpe) Ratio of 0.19, which attests that the entity had a 0.19% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Habib Sugar Mills, which you can use to evaluate the volatility of the firm. Please utilize Habib Sugar's Risk Adjusted Performance of 0.1439, market risk adjusted performance of (5.89), and Downside Deviation of 1.62 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Habib Sugar holds a performance score of 14. The company retains a Market Volatility (i.e., Beta) of -0.061, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Habib Sugar are expected to decrease at a much lower rate. During the bear market, Habib Sugar is likely to outperform the market. Please check Habib Sugar's standard deviation, expected short fall, period momentum indicator, as well as the relationship between the maximum drawdown and rate of daily change , to make a quick decision on whether Habib Sugar's current trending patterns will revert.
Auto-correlation | 0.48 |
Average predictability
Habib Sugar Mills has average predictability. Overlapping area represents the amount of predictability between Habib Sugar time series from 29th of September 2024 to 13th of November 2024 and 13th of November 2024 to 28th 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 Habib Sugar Mills price movement. The serial correlation of 0.48 indicates that about 48.0% of current Habib Sugar price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.48 | |
| Spearman Rank Test | 0.43 | |
| Residual Average | 0.0 | |
| Price Variance | 30.58 |
Habib Sugar Mills lagged returns against current returns
Autocorrelation, which is Habib Sugar 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 Habib Sugar's stock expected returns. We can calculate the autocorrelation of Habib Sugar returns to help us make a trade decision. For example, suppose you find that Habib Sugar 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 |
Habib Sugar 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 Habib Sugar stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Habib Sugar stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Habib Sugar stock over time.
Current vs Lagged Prices |
| Timeline |
Habib Sugar Lagged Returns
When evaluating Habib Sugar's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Habib Sugar stock have on its future price. Habib Sugar 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, Habib Sugar autocorrelation shows the relationship between Habib Sugar stock current value and its past values and can show if there is a momentum factor associated with investing in Habib Sugar Mills.
Regressed Prices |
| Timeline |
Pair Trading with Habib Sugar
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 Habib Sugar 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 Habib Sugar will appreciate offsetting losses from the drop in the long position's value.Moving together with Habib Stock
| 0.93 | FFL | Fauji Foods | PairCorr |
| 0.87 | KSBP | KSB Pumps | PairCorr |
| 0.87 | MARI | Mari Petroleum | PairCorr |
| 0.93 | LOADS | Loads | PairCorr |
The ability to find closely correlated positions to Habib Sugar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Habib Sugar 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 Habib Sugar - 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 Habib Sugar Mills to buy it.
The correlation of Habib Sugar 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 Habib Sugar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Habib Sugar Mills 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 Habib Sugar 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 Habib Stock
Habib Sugar financial ratios help investors to determine whether Habib 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 Habib with respect to the benefits of owning Habib Sugar security.