786 Investment (Pakistan) Market Value
| 786 Stock | 6.54 0.06 0.93% |
| Symbol | 786 |
786 Investment '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 786 Investment'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 786 Investment.
| 10/29/2024 |
| 11/28/2024 |
If you would invest 0.00 in 786 Investment on October 29, 2024 and sell it all today you would earn a total of 0.00 from holding 786 Investment Limited or generate 0.0% return on investment in 786 Investment over 30 days.
786 Investment 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 786 Investment'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 786 Investment Limited upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 4.39 | |||
| Information Ratio | 0.0268 | |||
| Maximum Drawdown | 22.19 | |||
| Value At Risk | (7.53) | |||
| Potential Upside | 8.7 |
786 Investment Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for 786 Investment's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as 786 Investment's standard deviation. In reality, there are many statistical measures that can use 786 Investment historical prices to predict the future 786 Investment's volatility.| Risk Adjusted Performance | 0.0486 | |||
| Jensen Alpha | 0.2827 | |||
| Total Risk Alpha | (0.49) | |||
| Sortino Ratio | 0.0298 | |||
| Treynor Ratio | (0.77) |
786 Investment Backtested Returns
786 Investment appears to be relatively risky, given 3 months investment horizon. 786 Investment retains Efficiency (Sharpe Ratio) of 0.0524, which signifies that the company had a 0.0524% return per unit of price deviation over the last 3 months. We have found twenty-nine technical indicators for 786 Investment, which you can use to evaluate the volatility of the entity. Please makes use of 786 Investment's Coefficient Of Variation of 1907.05, standard deviation of 4.88, and Market Risk Adjusted Performance of (0.76) to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, 786 Investment holds a performance score of 4. The firm owns a Beta (Systematic Risk) of -0.32, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning 786 Investment are expected to decrease at a much lower rate. During the bear market, 786 Investment is likely to outperform the market. Please check 786 Investment's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether 786 Investment's current price history will revert.
Auto-correlation | 0.12 |
Insignificant predictability
786 Investment Limited has insignificant predictability. Overlapping area represents the amount of predictability between 786 Investment time series from 29th of October 2024 to 13th of November 2024 and 13th of November 2024 to 28th of November 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 786 Investment price movement. The serial correlation of 0.12 indicates that less than 12.0% of current 786 Investment price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.27 | |
| Residual Average | 0.0 | |
| Price Variance | 0.11 |
786 Investment lagged returns against current returns
Autocorrelation, which is 786 Investment 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 786 Investment's stock expected returns. We can calculate the autocorrelation of 786 Investment returns to help us make a trade decision. For example, suppose you find that 786 Investment 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 |
786 Investment 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 786 Investment stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if 786 Investment stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in 786 Investment stock over time.
Current vs Lagged Prices |
| Timeline |
786 Investment Lagged Returns
When evaluating 786 Investment's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of 786 Investment stock have on its future price. 786 Investment 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, 786 Investment autocorrelation shows the relationship between 786 Investment stock current value and its past values and can show if there is a momentum factor associated with investing in 786 Investment Limited.
Regressed Prices |
| Timeline |
Pair Trading with 786 Investment
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 786 Investment 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 786 Investment will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to 786 Investment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 786 Investment 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 786 Investment - 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 786 Investment Limited to buy it.
The correlation of 786 Investment 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 786 Investment moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 786 Investment 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 786 Investment 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.Additional Tools for 786 Stock Analysis
When running 786 Investment's price analysis, check to measure 786 Investment's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy 786 Investment is operating at the current time. Most of 786 Investment's value examination focuses on studying past and present price action to predict the probability of 786 Investment's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move 786 Investment's price. Additionally, you may evaluate how the addition of 786 Investment to your portfolios can decrease your overall portfolio volatility.