Aisha Steel (Pakistan) Market Value

ASL Stock   9.84  0.58  6.26%   
Aisha Steel's market value is the price at which a share of Aisha Steel trades on a public exchange. It measures the collective expectations of Aisha Steel Mills investors about its performance. Aisha Steel is selling at 9.84 as of the 4th of December 2024; that is 6.26 percent increase since the beginning of the trading day. The stock's lowest day price was 9.17.
With this module, you can estimate the performance of a buy and hold strategy of Aisha Steel Mills and determine expected loss or profit from investing in Aisha Steel over a given investment horizon. Check out Aisha Steel Correlation, Aisha Steel Volatility and Aisha Steel Alpha and Beta module to complement your research on Aisha Steel.
Symbol

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

Aisha Steel '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 Aisha Steel'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 Aisha Steel.
0.00
10/05/2024
No Change 0.00  0.0 
In 2 months and 2 days
12/04/2024
0.00
If you would invest  0.00  in Aisha Steel on October 5, 2024 and sell it all today you would earn a total of 0.00 from holding Aisha Steel Mills or generate 0.0% return on investment in Aisha Steel over 60 days. Aisha Steel is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More

Aisha Steel 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 Aisha Steel'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 Aisha Steel Mills upside and downside potential and time the market with a certain degree of confidence.

Aisha Steel Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Aisha Steel's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Aisha Steel's standard deviation. In reality, there are many statistical measures that can use Aisha Steel historical prices to predict the future Aisha Steel's volatility.
Hype
Prediction
LowEstimatedHigh
6.609.8413.08
Details
Intrinsic
Valuation
LowRealHigh
4.277.5110.75
Details
Naive
Forecast
LowNextHigh
6.159.3912.63
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
7.728.368.99
Details

Aisha Steel Mills Backtested Returns

Aisha Steel appears to be slightly risky, given 3 months investment horizon. Aisha Steel Mills secures Sharpe Ratio (or Efficiency) of 0.15, which signifies that the company had a 0.15% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Aisha Steel Mills, which you can use to evaluate the volatility of the firm. Please makes use of Aisha Steel's Downside Deviation of 2.43, risk adjusted performance of 0.127, and Mean Deviation of 2.29 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Aisha Steel holds a performance score of 11. The firm shows a Beta (market volatility) of -0.79, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Aisha Steel are expected to decrease at a much lower rate. During the bear market, Aisha Steel is likely to outperform the market. Please check Aisha Steel's value at risk, expected short fall, and the relationship between the treynor ratio and downside variance , to make a quick decision on whether Aisha Steel's price patterns will revert.

Auto-correlation

    
  0.37  

Below average predictability

Aisha Steel Mills has below average predictability. Overlapping area represents the amount of predictability between Aisha Steel time series from 5th of October 2024 to 4th of November 2024 and 4th of November 2024 to 4th 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 Aisha Steel Mills price movement. The serial correlation of 0.37 indicates that just about 37.0% of current Aisha Steel price fluctuation can be explain by its past prices.
Correlation Coefficient0.37
Spearman Rank Test0.0
Residual Average0.0
Price Variance0.37

Aisha Steel Mills lagged returns against current returns

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

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

Aisha Steel Lagged Returns

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

Pair Trading with Aisha Steel

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 Aisha Steel 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 Aisha Steel will appreciate offsetting losses from the drop in the long position's value.

Moving together with Aisha Stock

  0.8FFL Fauji FoodsPairCorr
  0.72KSBP KSB PumpsPairCorr
  0.83LOADS LoadsPairCorr

Moving against Aisha Stock

  0.31MSOT Masood Textile MillsPairCorr
The ability to find closely correlated positions to Aisha Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aisha Steel 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 Aisha Steel - 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 Aisha Steel Mills to buy it.
The correlation of Aisha Steel 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 Aisha Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aisha Steel Mills 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 Aisha Steel 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

Additional Tools for Aisha Stock Analysis

When running Aisha Steel's price analysis, check to measure Aisha Steel'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 Aisha Steel is operating at the current time. Most of Aisha Steel's value examination focuses on studying past and present price action to predict the probability of Aisha Steel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Aisha Steel's price. Additionally, you may evaluate how the addition of Aisha Steel to your portfolios can decrease your overall portfolio volatility.