Dost Steels (Pakistan) Market Value
| DSL Stock | 6.80 0.06 0.89% |
| Symbol | Dost |
Dost Steels '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 Dost Steels' 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 Dost Steels.
| 10/30/2024 |
| 11/29/2024 |
If you would invest 0.00 in Dost Steels on October 30, 2024 and sell it all today you would earn a total of 0.00 from holding Dost Steels or generate 0.0% return on investment in Dost Steels over 30 days. Dost Steels is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Dost Steels 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 Dost Steels' 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 Dost Steels upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.65 | |||
| Information Ratio | 0.0618 | |||
| Maximum Drawdown | 12.16 | |||
| Value At Risk | (3.78) | |||
| Potential Upside | 5.18 |
Dost Steels Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dost Steels' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Dost Steels' standard deviation. In reality, there are many statistical measures that can use Dost Steels historical prices to predict the future Dost Steels' volatility.| Risk Adjusted Performance | 0.0899 | |||
| Jensen Alpha | 0.2811 | |||
| Total Risk Alpha | (0.13) | |||
| Sortino Ratio | 0.0634 | |||
| Treynor Ratio | 14.75 |
Dost Steels Backtested Returns
Dost Steels appears to be somewhat reliable, given 3 months investment horizon. Dost Steels secures Sharpe Ratio (or Efficiency) of 0.12, which denotes the company had a 0.12% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Dost Steels, which you can use to evaluate the volatility of the firm. Please utilize Dost Steels' Coefficient Of Variation of 926.92, mean deviation of 2.11, and Downside Deviation of 2.65 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Dost Steels holds a performance score of 9. The firm shows a Beta (market volatility) of 0.0192, which means not very significant fluctuations relative to the market. As returns on the market increase, Dost Steels' returns are expected to increase less than the market. However, during the bear market, the loss of holding Dost Steels is expected to be smaller as well. Please check Dost Steels' sortino ratio, potential upside, skewness, as well as the relationship between the maximum drawdown and semi variance , to make a quick decision on whether Dost Steels' price patterns will revert.
Auto-correlation | -0.64 |
Very good reverse predictability
Dost Steels has very good reverse predictability. Overlapping area represents the amount of predictability between Dost Steels time series from 30th of October 2024 to 14th of November 2024 and 14th of November 2024 to 29th 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 Dost Steels price movement. The serial correlation of -0.64 indicates that roughly 64.0% of current Dost Steels price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.64 | |
| Spearman Rank Test | -0.31 | |
| Residual Average | 0.0 | |
| Price Variance | 0.03 |
Dost Steels lagged returns against current returns
Autocorrelation, which is Dost Steels 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 Dost Steels' stock expected returns. We can calculate the autocorrelation of Dost Steels returns to help us make a trade decision. For example, suppose you find that Dost Steels 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 |
Dost Steels 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 Dost Steels stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Dost Steels stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Dost Steels stock over time.
Current vs Lagged Prices |
| Timeline |
Dost Steels Lagged Returns
When evaluating Dost Steels' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Dost Steels stock have on its future price. Dost Steels 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, Dost Steels autocorrelation shows the relationship between Dost Steels stock current value and its past values and can show if there is a momentum factor associated with investing in Dost Steels.
Regressed Prices |
| Timeline |
Pair Trading with Dost Steels
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 Dost Steels 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 Dost Steels will appreciate offsetting losses from the drop in the long position's value.Moving together with Dost Stock
Moving against Dost Stock
The ability to find closely correlated positions to Dost Steels could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dost Steels 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 Dost Steels - 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 Dost Steels to buy it.
The correlation of Dost Steels 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 Dost Steels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dost Steels 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 Dost Steels 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 Dost Stock Analysis
When running Dost Steels' price analysis, check to measure Dost Steels' 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 Dost Steels is operating at the current time. Most of Dost Steels' value examination focuses on studying past and present price action to predict the probability of Dost Steels' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Dost Steels' price. Additionally, you may evaluate how the addition of Dost Steels to your portfolios can decrease your overall portfolio volatility.