Sitara Chemical (Pakistan) Market Value

SITC Stock   320.00  10.81  3.27%   
Sitara Chemical's market value is the price at which a share of Sitara Chemical trades on a public exchange. It measures the collective expectations of Sitara Chemical Industries investors about its performance. Sitara Chemical is trading at 320.00 as of the 2nd of March 2025, a 3.27 percent decrease since the beginning of the trading day. The stock's open price was 330.81.
With this module, you can estimate the performance of a buy and hold strategy of Sitara Chemical Industries and determine expected loss or profit from investing in Sitara Chemical over a given investment horizon. Check out Sitara Chemical Correlation, Sitara Chemical Volatility and Sitara Chemical Alpha and Beta module to complement your research on Sitara Chemical.
Symbol

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

Sitara Chemical '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 Sitara Chemical'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 Sitara Chemical.
0.00
09/09/2023
No Change 0.00  0.0 
In 1 year 5 months and 25 days
03/02/2025
0.00
If you would invest  0.00  in Sitara Chemical on September 9, 2023 and sell it all today you would earn a total of 0.00 from holding Sitara Chemical Industries or generate 0.0% return on investment in Sitara Chemical over 540 days. Sitara Chemical is related to or competes with Invest Capital, National Foods, and Pakistan Telecommunicatio. More

Sitara Chemical 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 Sitara Chemical'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 Sitara Chemical Industries upside and downside potential and time the market with a certain degree of confidence.

Sitara Chemical Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Sitara Chemical's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Sitara Chemical's standard deviation. In reality, there are many statistical measures that can use Sitara Chemical historical prices to predict the future Sitara Chemical's volatility.
Hype
Prediction
LowEstimatedHigh
316.89320.00323.11
Details
Intrinsic
Valuation
LowRealHigh
263.41266.52352.00
Details
Naive
Forecast
LowNextHigh
356.79359.91363.02
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
289.92319.57349.22
Details

Sitara Chemical Indu Backtested Returns

Sitara Chemical appears to be very steady, given 3 months investment horizon. Sitara Chemical Indu owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.0735, which indicates the firm had a 0.0735 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Sitara Chemical Industries, which you can use to evaluate the volatility of the company. Please review Sitara Chemical's Risk Adjusted Performance of 0.0426, coefficient of variation of 2104.24, and Semi Deviation of 2.34 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Sitara Chemical holds a performance score of 5. The entity has a beta of -0.6, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Sitara Chemical are expected to decrease at a much lower rate. During the bear market, Sitara Chemical is likely to outperform the market. Please check Sitara Chemical's treynor ratio, value at risk, downside variance, as well as the relationship between the maximum drawdown and potential upside , to make a quick decision on whether Sitara Chemical's existing price patterns will revert.

Auto-correlation

    
  -0.04  

Very weak reverse predictability

Sitara Chemical Industries has very weak reverse predictability. Overlapping area represents the amount of predictability between Sitara Chemical time series from 9th of September 2023 to 5th of June 2024 and 5th of June 2024 to 2nd 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 Sitara Chemical Indu price movement. The serial correlation of -0.04 indicates that only as little as 4.0% of current Sitara Chemical price fluctuation can be explain by its past prices.
Correlation Coefficient-0.04
Spearman Rank Test-0.03
Residual Average0.0
Price Variance285.03

Sitara Chemical Indu lagged returns against current returns

Autocorrelation, which is Sitara Chemical 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 Sitara Chemical's stock expected returns. We can calculate the autocorrelation of Sitara Chemical returns to help us make a trade decision. For example, suppose you find that Sitara Chemical 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  

Sitara Chemical 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 Sitara Chemical stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Sitara Chemical stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Sitara Chemical stock over time.
   Current vs Lagged Prices   
       Timeline  

Sitara Chemical Lagged Returns

When evaluating Sitara Chemical's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Sitara Chemical stock have on its future price. Sitara Chemical 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, Sitara Chemical autocorrelation shows the relationship between Sitara Chemical stock current value and its past values and can show if there is a momentum factor associated with investing in Sitara Chemical Industries.
   Regressed Prices   
       Timeline  

Pair Trading with Sitara Chemical

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 Sitara Chemical 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 Sitara Chemical will appreciate offsetting losses from the drop in the long position's value.

Moving against Sitara Stock

  0.36KEL K ElectricPairCorr
The ability to find closely correlated positions to Sitara Chemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sitara Chemical 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 Sitara Chemical - 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 Sitara Chemical Industries to buy it.
The correlation of Sitara Chemical 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 Sitara Chemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sitara Chemical Indu 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 Sitara Chemical 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 Sitara Stock

Sitara Chemical financial ratios help investors to determine whether Sitara 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 Sitara with respect to the benefits of owning Sitara Chemical security.