IBL HealthCare (Pakistan) Market Value
| IBLHL Stock | 47.09 3.67 8.45% |
| Symbol | IBL |
IBL HealthCare '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 IBL HealthCare'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 IBL HealthCare.
| 11/11/2024 |
| 12/11/2024 |
If you would invest 0.00 in IBL HealthCare on November 11, 2024 and sell it all today you would earn a total of 0.00 from holding IBL HealthCare or generate 0.0% return on investment in IBL HealthCare over 30 days. IBL HealthCare is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
IBL HealthCare 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 IBL HealthCare'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 IBL HealthCare upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.93 | |||
| Information Ratio | 0.1181 | |||
| Maximum Drawdown | 17.79 | |||
| Value At Risk | (4.16) | |||
| Potential Upside | 9.99 |
IBL HealthCare Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for IBL HealthCare's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as IBL HealthCare's standard deviation. In reality, there are many statistical measures that can use IBL HealthCare historical prices to predict the future IBL HealthCare's volatility.| Risk Adjusted Performance | 0.1184 | |||
| Jensen Alpha | 0.6332 | |||
| Total Risk Alpha | (0.03) | |||
| Sortino Ratio | 0.1439 | |||
| Treynor Ratio | (0.63) |
IBL HealthCare Backtested Returns
IBL HealthCare appears to be not too volatile, given 3 months investment horizon. IBL HealthCare holds Efficiency (Sharpe) Ratio of 0.18, which attests that the company had a 0.18% return per unit of risk over the last 3 months. By inspecting IBL HealthCare's technical indicators, you can evaluate if the expected return of 0.68% is justified by implied risk. Please utilize IBL HealthCare's downside deviation of 2.93, and Semi Deviation of 2.53 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, IBL HealthCare holds a performance score of 14. The firm retains a Market Volatility (i.e., Beta) of -0.85, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning IBL HealthCare are expected to decrease at a much lower rate. During the bear market, IBL HealthCare is likely to outperform the market. Please check IBL HealthCare's sortino ratio, skewness, period momentum indicator, as well as the relationship between the potential upside and rate of daily change , to make a quick decision on whether IBL HealthCare's current trending patterns will revert.
Auto-correlation | 0.54 |
Modest predictability
IBL HealthCare has modest predictability. Overlapping area represents the amount of predictability between IBL HealthCare time series from 11th of November 2024 to 26th of November 2024 and 26th of November 2024 to 11th 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 IBL HealthCare price movement. The serial correlation of 0.54 indicates that about 54.0% of current IBL HealthCare price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.54 | |
| Spearman Rank Test | 0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 6.95 |
IBL HealthCare lagged returns against current returns
Autocorrelation, which is IBL HealthCare 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 IBL HealthCare's stock expected returns. We can calculate the autocorrelation of IBL HealthCare returns to help us make a trade decision. For example, suppose you find that IBL HealthCare 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 |
IBL HealthCare 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 IBL HealthCare stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if IBL HealthCare stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in IBL HealthCare stock over time.
Current vs Lagged Prices |
| Timeline |
IBL HealthCare Lagged Returns
When evaluating IBL HealthCare's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of IBL HealthCare stock have on its future price. IBL HealthCare 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, IBL HealthCare autocorrelation shows the relationship between IBL HealthCare stock current value and its past values and can show if there is a momentum factor associated with investing in IBL HealthCare.
Regressed Prices |
| Timeline |
Pair Trading with IBL HealthCare
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 IBL HealthCare 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 IBL HealthCare will appreciate offsetting losses from the drop in the long position's value.Moving together with IBL Stock
The ability to find closely correlated positions to IBL HealthCare could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace IBL HealthCare 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 IBL HealthCare - 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 IBL HealthCare to buy it.
The correlation of IBL HealthCare 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 IBL HealthCare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IBL HealthCare 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 IBL HealthCare 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 IBL Stock
IBL HealthCare financial ratios help investors to determine whether IBL 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 IBL with respect to the benefits of owning IBL HealthCare security.