Shifa International (Pakistan) Market Value

SHFA Stock   415.07  12.01  2.98%   
Shifa International's market value is the price at which a share of Shifa International trades on a public exchange. It measures the collective expectations of Shifa International Hospitals investors about its performance. Shifa International is trading at 415.07 as of the 14th of December 2024, a 2.98 percent increase since the beginning of the trading day. The stock's open price was 403.06.
With this module, you can estimate the performance of a buy and hold strategy of Shifa International Hospitals and determine expected loss or profit from investing in Shifa International over a given investment horizon. Check out Shifa International Correlation, Shifa International Volatility and Shifa International Alpha and Beta module to complement your research on Shifa International.
Symbol

Please note, there is a significant difference between Shifa International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Shifa International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Shifa International's 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.

Shifa International '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 Shifa International'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 Shifa International.
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11/14/2024
No Change 0.00  0.0 
In 30 days
12/14/2024
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If you would invest  0.00  in Shifa International on November 14, 2024 and sell it all today you would earn a total of 0.00 from holding Shifa International Hospitals or generate 0.0% return on investment in Shifa International over 30 days. Shifa International is related to or competes with ORIX Leasing, Jubilee Life, Shaheen Insurance, Orient Rental, Pak Datacom, and Habib Insurance. More

Shifa International 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 Shifa International'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 Shifa International Hospitals upside and downside potential and time the market with a certain degree of confidence.

Shifa International Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Shifa International's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Shifa International's standard deviation. In reality, there are many statistical measures that can use Shifa International historical prices to predict the future Shifa International's volatility.
Hype
Prediction
LowEstimatedHigh
411.03415.07419.11
Details
Intrinsic
Valuation
LowRealHigh
349.40353.44456.58
Details

Shifa International Backtested Returns

Shifa International is very steady given 3 months investment horizon. Shifa International owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.42, which indicates the firm had a 0.42% return per unit of risk over the last 3 months. We were able to analyze twenty-nine different technical indicators, which can help you to evaluate if expected returns of 1.66% are justified by taking the suggested risk. Use Shifa International Coefficient Of Variation of 275.19, semi deviation of 2.35, and Risk Adjusted Performance of 0.2717 to evaluate company specific risk that cannot be diversified away. Shifa International holds a performance score of 32 on a scale of zero to a hundred. The entity has a beta of 0.17, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Shifa International's returns are expected to increase less than the market. However, during the bear market, the loss of holding Shifa International is expected to be smaller as well. Use Shifa International standard deviation, total risk alpha, treynor ratio, as well as the relationship between the jensen alpha and sortino ratio , to analyze future returns on Shifa International.

Auto-correlation

    
  0.33  

Below average predictability

Shifa International Hospitals has below average predictability. Overlapping area represents the amount of predictability between Shifa International time series from 14th of November 2024 to 29th of November 2024 and 29th of November 2024 to 14th 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 Shifa International price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Shifa International price fluctuation can be explain by its past prices.
Correlation Coefficient0.33
Spearman Rank Test0.15
Residual Average0.0
Price Variance27.65
Shifa ReturnsShifa Lagged ReturnsDiversified AwayShifa ReturnsShifa Lagged ReturnsDiversified Away100%

Shifa International lagged returns against current returns

Autocorrelation, which is Shifa International 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 Shifa International's stock expected returns. We can calculate the autocorrelation of Shifa International returns to help us make a trade decision. For example, suppose you find that Shifa International 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   
JavaScript chart by amCharts 3.21.15Nov 29DecDec 03Dec 05Dec 07Dec 09Dec 11Dec 13-1%0%1%2%3%4%5%6%7% 101001K
JavaScript chart by amCharts 3.21.15Volume Lagged Volume Prices Lagged Prices
       Timeline  

Shifa International 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 Shifa International stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Shifa International stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Shifa International stock over time.
   Current vs Lagged Prices   
JavaScript chart by amCharts 3.21.15Nov 29DecDec 03Dec 05Dec 07Dec 09Dec 11Dec 13375380385390395400405
JavaScript chart by amCharts 3.21.15Regression Prices Lagged Regression Prices
       Timeline  

Shifa International Lagged Returns

When evaluating Shifa International's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Shifa International stock have on its future price. Shifa International 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, Shifa International autocorrelation shows the relationship between Shifa International stock current value and its past values and can show if there is a momentum factor associated with investing in Shifa International Hospitals.
   Regressed Prices   
JavaScript chart by amCharts 3.21.15Nov 14Nov 18Nov 22Nov 26Nov 30DecDec 08Dec 12370380390400410
JavaScript chart by amCharts 3.21.15Lagged Returns Returns
       Timeline  

Pair Trading with Shifa International

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 Shifa International 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 Shifa International will appreciate offsetting losses from the drop in the long position's value.

Moving together with Shifa Stock

  0.87FFL Fauji FoodsPairCorr
  0.84LOADS LoadsPairCorr

Moving against Shifa Stock

  0.55MSOT Masood Textile MillsPairCorr
The ability to find closely correlated positions to Shifa International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Shifa International 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 Shifa International - 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 Shifa International Hospitals to buy it.
The correlation of Shifa International 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 Shifa International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Shifa International 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 Shifa International 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.
Pair CorrelationCorrelation Matching

Other Information on Investing in Shifa Stock

Shifa International financial ratios help investors to determine whether Shifa 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 Shifa with respect to the benefits of owning Shifa International security.
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