Silkbank (Pakistan) Market Value
| SILK Stock | 1.17 0.01 0.86% |
| Symbol | Silkbank |
Silkbank '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 Silkbank'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 Silkbank.
| 12/13/2024 |
| 03/13/2025 |
If you would invest 0.00 in Silkbank on December 13, 2024 and sell it all today you would earn a total of 0.00 from holding Silkbank or generate 0.0% return on investment in Silkbank over 90 days. Silkbank is related to or competes with Crescent Star, Lotte Chemical, Nimir Industrial, Sitara Chemical, TPL Insurance, Aisha Steel, and Mughal Iron. More
Silkbank 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 Silkbank'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 Silkbank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.49 | |||
| Information Ratio | 0.0734 | |||
| Maximum Drawdown | 25.62 | |||
| Value At Risk | (4.85) | |||
| Potential Upside | 6.12 |
Silkbank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Silkbank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Silkbank's standard deviation. In reality, there are many statistical measures that can use Silkbank historical prices to predict the future Silkbank's volatility.| Risk Adjusted Performance | 0.0408 | |||
| Jensen Alpha | 0.2268 | |||
| Total Risk Alpha | 0.6608 | |||
| Sortino Ratio | 0.0734 | |||
| Treynor Ratio | 0.1679 |
Silkbank Backtested Returns
Silkbank appears to be dangerous, given 3 months investment horizon. Silkbank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0754, which indicates the firm had a 0.0754 % return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Silkbank, which you can use to evaluate the volatility of the company. Please review Silkbank's Risk Adjusted Performance of 0.0408, coefficient of variation of 2504.98, and Semi Deviation of 2.73 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Silkbank holds a performance score of 5. The entity has a beta of 0.77, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, Silkbank's returns are expected to increase less than the market. However, during the bear market, the loss of holding Silkbank is expected to be smaller as well. Please check Silkbank's jensen alpha, sortino ratio, maximum drawdown, as well as the relationship between the total risk alpha and treynor ratio , to make a quick decision on whether Silkbank's existing price patterns will revert.
Auto-correlation | 0.10 |
Insignificant predictability
Silkbank has insignificant predictability. Overlapping area represents the amount of predictability between Silkbank time series from 13th of December 2024 to 27th of January 2025 and 27th of January 2025 to 13th of March 2025. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Silkbank price movement. The serial correlation of 0.1 indicates that less than 10.0% of current Silkbank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.1 | |
| Spearman Rank Test | -0.13 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Silkbank lagged returns against current returns
Autocorrelation, which is Silkbank 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 Silkbank's stock expected returns. We can calculate the autocorrelation of Silkbank returns to help us make a trade decision. For example, suppose you find that Silkbank 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 |
Silkbank 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 Silkbank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Silkbank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Silkbank stock over time.
Current vs Lagged Prices |
| Timeline |
Silkbank Lagged Returns
When evaluating Silkbank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Silkbank stock have on its future price. Silkbank 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, Silkbank autocorrelation shows the relationship between Silkbank stock current value and its past values and can show if there is a momentum factor associated with investing in Silkbank.
Regressed Prices |
| Timeline |
Pair Trading with Silkbank
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 Silkbank 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 Silkbank will appreciate offsetting losses from the drop in the long position's value.Moving together with Silkbank Stock
Moving against Silkbank Stock
The ability to find closely correlated positions to Silkbank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Silkbank 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 Silkbank - 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 Silkbank to buy it.
The correlation of Silkbank 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 Silkbank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Silkbank 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 Silkbank 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 Silkbank Stock
Silkbank financial ratios help investors to determine whether Silkbank 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 Silkbank with respect to the benefits of owning Silkbank security.