Pakistan Cables (Pakistan) Market Value
| PCAL Stock | 157.85 11.81 8.09% |
| Symbol | Pakistan |
Please note, there is a significant difference between Pakistan Cables' value and its price as these two are different measures arrived at by different means. Investors typically determine if Pakistan Cables is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Pakistan Cables' 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.
Pakistan Cables '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 Pakistan Cables' 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 Pakistan Cables.
| 11/24/2024 |
| 12/24/2024 |
If you would invest 0.00 in Pakistan Cables on November 24, 2024 and sell it all today you would earn a total of 0.00 from holding Pakistan Cables or generate 0.0% return on investment in Pakistan Cables over 30 days. Pakistan Cables is related to or competes with WorldCall Telecom, JS Investments, Unilever Pakistan, Pakistan Tobacco, and Unity Foods. More
Pakistan Cables 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 Pakistan Cables' 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 Pakistan Cables upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.22 | |||
| Information Ratio | 0.084 | |||
| Maximum Drawdown | 17.28 | |||
| Value At Risk | (4.75) | |||
| Potential Upside | 8.09 |
Pakistan Cables Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pakistan Cables' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Pakistan Cables' standard deviation. In reality, there are many statistical measures that can use Pakistan Cables historical prices to predict the future Pakistan Cables' volatility.| Risk Adjusted Performance | 0.0815 | |||
| Jensen Alpha | 0.3158 | |||
| Total Risk Alpha | 0.2271 | |||
| Sortino Ratio | 0.0971 | |||
| Treynor Ratio | 0.3863 |
Pakistan Cables Backtested Returns
Pakistan Cables appears to be very steady, given 3 months investment horizon. Pakistan Cables maintains Sharpe Ratio (i.e., Efficiency) of 0.1, which implies the firm had a 0.1% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Pakistan Cables, which you can use to evaluate the volatility of the company. Please evaluate Pakistan Cables' Coefficient Of Variation of 1076.11, semi deviation of 2.83, and Risk Adjusted Performance of 0.0815 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Pakistan Cables holds a performance score of 8. The company holds a Beta of 0.87, which implies possible diversification benefits within a given portfolio. Pakistan Cables returns are very sensitive to returns on the market. As the market goes up or down, Pakistan Cables is expected to follow. Please check Pakistan Cables' standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to make a quick decision on whether Pakistan Cables' historical price patterns will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Pakistan Cables has weak reverse predictability. Overlapping area represents the amount of predictability between Pakistan Cables time series from 24th of November 2024 to 9th of December 2024 and 9th of December 2024 to 24th 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 Pakistan Cables price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Pakistan Cables price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | 0.11 | |
| Residual Average | 0.0 | |
| Price Variance | 134.26 |
Pakistan Cables lagged returns against current returns
Autocorrelation, which is Pakistan Cables 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 Pakistan Cables' stock expected returns. We can calculate the autocorrelation of Pakistan Cables returns to help us make a trade decision. For example, suppose you find that Pakistan Cables 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 |
Pakistan Cables 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 Pakistan Cables stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Pakistan Cables stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Pakistan Cables stock over time.
Current vs Lagged Prices |
| Timeline |
Pakistan Cables Lagged Returns
When evaluating Pakistan Cables' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Pakistan Cables stock have on its future price. Pakistan Cables 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, Pakistan Cables autocorrelation shows the relationship between Pakistan Cables stock current value and its past values and can show if there is a momentum factor associated with investing in Pakistan Cables.
Regressed Prices |
| Timeline |
Pair Trading with Pakistan Cables
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 Pakistan Cables 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 Pakistan Cables will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Pakistan Cables could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pakistan Cables 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 Pakistan Cables - 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 Pakistan Cables to buy it.
The correlation of Pakistan Cables 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 Pakistan Cables moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pakistan Cables 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 Pakistan Cables 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 Pakistan Stock
Pakistan Cables financial ratios help investors to determine whether Pakistan 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 Pakistan with respect to the benefits of owning Pakistan Cables security.