Jubilee Life (Pakistan) Market Value
| JLICL Stock | 158.91 1.36 0.85% |
| Symbol | Jubilee |
Jubilee Life '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 Jubilee Life'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 Jubilee Life.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Jubilee Life on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Jubilee Life Insurance or generate 0.0% return on investment in Jubilee Life over 30 days. Jubilee Life is related to or competes with Pakistan Tobacco, Aisha Steel, Century Insurance, Sindh Modaraba, EFU General, and Bank of Punjab. More
Jubilee Life 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 Jubilee Life'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 Jubilee Life Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.78 | |||
| Information Ratio | 0.1317 | |||
| Maximum Drawdown | 10.36 | |||
| Value At Risk | (2.58) | |||
| Potential Upside | 4.02 |
Jubilee Life Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Jubilee Life's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Jubilee Life's standard deviation. In reality, there are many statistical measures that can use Jubilee Life historical prices to predict the future Jubilee Life's volatility.| Risk Adjusted Performance | 0.1447 | |||
| Jensen Alpha | 0.4651 | |||
| Total Risk Alpha | 0.0947 | |||
| Sortino Ratio | 0.1703 | |||
| Treynor Ratio | (0.72) |
Jubilee Life Insurance Backtested Returns
Jubilee Life appears to be very steady, given 3 months investment horizon. Jubilee Life Insurance holds Efficiency (Sharpe) Ratio of 0.18, which attests that the entity had a 0.18% return per unit of risk over the last 3 months. We have found thirty technical indicators for Jubilee Life Insurance, which you can use to evaluate the volatility of the firm. Please utilize Jubilee Life's Market Risk Adjusted Performance of (0.71), risk adjusted performance of 0.1447, and Downside Deviation of 1.78 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Jubilee Life holds a performance score of 13. The company retains a Market Volatility (i.e., Beta) of -0.56, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Jubilee Life are expected to decrease at a much lower rate. During the bear market, Jubilee Life is likely to outperform the market. Please check Jubilee Life's potential upside, rate of daily change, and the relationship between the sortino ratio and skewness , to make a quick decision on whether Jubilee Life's current trending patterns will revert.
Auto-correlation | 0.87 |
Very good predictability
Jubilee Life Insurance has very good predictability. Overlapping area represents the amount of predictability between Jubilee Life time series from 4th of November 2024 to 19th of November 2024 and 19th of November 2024 to 4th 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 Jubilee Life Insurance price movement. The serial correlation of 0.87 indicates that approximately 87.0% of current Jubilee Life price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.87 | |
| Spearman Rank Test | 0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 60.63 |
Jubilee Life Insurance lagged returns against current returns
Autocorrelation, which is Jubilee Life 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 Jubilee Life's stock expected returns. We can calculate the autocorrelation of Jubilee Life returns to help us make a trade decision. For example, suppose you find that Jubilee Life 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 |
Jubilee Life 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 Jubilee Life stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Jubilee Life stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Jubilee Life stock over time.
Current vs Lagged Prices |
| Timeline |
Jubilee Life Lagged Returns
When evaluating Jubilee Life's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Jubilee Life stock have on its future price. Jubilee Life 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, Jubilee Life autocorrelation shows the relationship between Jubilee Life stock current value and its past values and can show if there is a momentum factor associated with investing in Jubilee Life Insurance.
Regressed Prices |
| Timeline |
Pair Trading with Jubilee Life
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 Jubilee Life 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 Jubilee Life will appreciate offsetting losses from the drop in the long position's value.Moving together with Jubilee Stock
Moving against Jubilee Stock
The ability to find closely correlated positions to Jubilee Life could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jubilee Life 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 Jubilee Life - 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 Jubilee Life Insurance to buy it.
The correlation of Jubilee Life 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 Jubilee Life moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jubilee Life Insurance 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 Jubilee Life 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 Jubilee Stock
Jubilee Life financial ratios help investors to determine whether Jubilee 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 Jubilee with respect to the benefits of owning Jubilee Life security.