Gatron Industries (Pakistan) Market Value
| GATI Stock | 183.21 1.78 0.96% |
| Symbol | Gatron |
Gatron Industries '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 Gatron Industries' 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 Gatron Industries.
| 11/12/2024 |
| 12/12/2024 |
If you would invest 0.00 in Gatron Industries on November 12, 2024 and sell it all today you would earn a total of 0.00 from holding Gatron Industries or generate 0.0% return on investment in Gatron Industries over 30 days. Gatron Industries is related to or competes with Century Insurance, Soneri Bank, Agritech, JS Investments, TPL Insurance, and Atlas Insurance. More
Gatron Industries 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 Gatron Industries' 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 Gatron Industries upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 6.12 | |||
| Value At Risk | (1.80) | |||
| Potential Upside | 1.4 |
Gatron Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gatron Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Gatron Industries' standard deviation. In reality, there are many statistical measures that can use Gatron Industries historical prices to predict the future Gatron Industries' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.26) | |||
| Treynor Ratio | 1.67 |
Gatron Industries Backtested Returns
Gatron Industries holds Efficiency (Sharpe) Ratio of -0.04, which attests that the entity had a -0.04% return per unit of risk over the last 3 months. Gatron Industries exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please check out Gatron Industries' Market Risk Adjusted Performance of 1.68, standard deviation of 1.23, and Risk Adjusted Performance of (0.03) to validate the risk estimate we provide. The company retains a Market Volatility (i.e., Beta) of -0.0396, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Gatron Industries are expected to decrease at a much lower rate. During the bear market, Gatron Industries is likely to outperform the market. At this point, Gatron Industries has a negative expected return of -0.0501%. Please make sure to check out Gatron Industries' maximum drawdown, potential upside, kurtosis, as well as the relationship between the value at risk and skewness , to decide if Gatron Industries performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.69 |
Very good reverse predictability
Gatron Industries has very good reverse predictability. Overlapping area represents the amount of predictability between Gatron Industries time series from 12th of November 2024 to 27th of November 2024 and 27th of November 2024 to 12th 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 Gatron Industries price movement. The serial correlation of -0.69 indicates that around 69.0% of current Gatron Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.69 | |
| Spearman Rank Test | -0.84 | |
| Residual Average | 0.0 | |
| Price Variance | 12.3 |
Gatron Industries lagged returns against current returns
Autocorrelation, which is Gatron Industries 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 Gatron Industries' stock expected returns. We can calculate the autocorrelation of Gatron Industries returns to help us make a trade decision. For example, suppose you find that Gatron Industries 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 |
Gatron Industries 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 Gatron Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Gatron Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Gatron Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Gatron Industries Lagged Returns
When evaluating Gatron Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Gatron Industries stock have on its future price. Gatron Industries 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, Gatron Industries autocorrelation shows the relationship between Gatron Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Gatron Industries.
Regressed Prices |
| Timeline |
Pair Trading with Gatron Industries
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 Gatron Industries 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 Gatron Industries will appreciate offsetting losses from the drop in the long position's value.Moving against Gatron Stock
| 0.82 | OGDC | Oil and Gas | PairCorr |
| 0.79 | FFC | Fauji Fertilizer | PairCorr |
| 0.76 | PSO | Pakistan State Oil | PairCorr |
| 0.76 | MCB | MCB Bank | PairCorr |
| 0.76 | UBL | United Bank | PairCorr |
The ability to find closely correlated positions to Gatron Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gatron Industries 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 Gatron Industries - 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 Gatron Industries to buy it.
The correlation of Gatron Industries 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 Gatron Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gatron Industries 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 Gatron Industries 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 Gatron Stock
Gatron Industries financial ratios help investors to determine whether Gatron 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 Gatron with respect to the benefits of owning Gatron Industries security.