Matco Foods (Pakistan) Market Value
| MFL Stock | 30.57 1.26 4.30% |
| Symbol | Matco |
Matco Foods '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 Matco Foods' 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 Matco Foods.
| 11/04/2024 |
| 12/04/2024 |
If you would invest 0.00 in Matco Foods on November 4, 2024 and sell it all today you would earn a total of 0.00 from holding Matco Foods or generate 0.0% return on investment in Matco Foods over 30 days. Matco Foods is related to or competes with Pakistan Synthetics, Sitara Chemical, National Foods, and Sindh Modaraba. More
Matco Foods 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 Matco Foods' 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 Matco Foods upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.85 | |||
| Information Ratio | 0.0244 | |||
| Maximum Drawdown | 18.85 | |||
| Value At Risk | (3.97) | |||
| Potential Upside | 6.7 |
Matco Foods Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Matco Foods' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Matco Foods' standard deviation. In reality, there are many statistical measures that can use Matco Foods historical prices to predict the future Matco Foods' volatility.| Risk Adjusted Performance | 0.0538 | |||
| Jensen Alpha | 0.1885 | |||
| Total Risk Alpha | (0.24) | |||
| Sortino Ratio | 0.0268 | |||
| Treynor Ratio | (2.15) |
Matco Foods Backtested Returns
Matco Foods appears to be not too volatile, given 3 months investment horizon. Matco Foods has Sharpe Ratio of 0.092, which conveys that the firm had a 0.092% return per unit of risk over the last 3 months. We have found thirty technical indicators for Matco Foods, which you can use to evaluate the volatility of the firm. Please exercise Matco Foods' Risk Adjusted Performance of 0.0538, mean deviation of 2.19, and Downside Deviation of 2.85 to check out if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Matco Foods holds a performance score of 7. The company secures a Beta (Market Risk) of -0.0838, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Matco Foods are expected to decrease at a much lower rate. During the bear market, Matco Foods is likely to outperform the market. Please check Matco Foods' treynor ratio, downside variance, kurtosis, as well as the relationship between the value at risk and expected short fall , to make a quick decision on whether Matco Foods' current price movements will revert.
Auto-correlation | -0.26 |
Weak reverse predictability
Matco Foods has weak reverse predictability. Overlapping area represents the amount of predictability between Matco Foods time series from 4th of November 2024 to 19th of November 2024 and 19th 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 Matco Foods price movement. The serial correlation of -0.26 indicates that nearly 26.0% of current Matco Foods price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.26 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 2.24 |
Matco Foods lagged returns against current returns
Autocorrelation, which is Matco Foods 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 Matco Foods' stock expected returns. We can calculate the autocorrelation of Matco Foods returns to help us make a trade decision. For example, suppose you find that Matco Foods 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 |
Matco Foods 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 Matco Foods stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Matco Foods stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Matco Foods stock over time.
Current vs Lagged Prices |
| Timeline |
Matco Foods Lagged Returns
When evaluating Matco Foods' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Matco Foods stock have on its future price. Matco Foods 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, Matco Foods autocorrelation shows the relationship between Matco Foods stock current value and its past values and can show if there is a momentum factor associated with investing in Matco Foods.
Regressed Prices |
| Timeline |
Pair Trading with Matco Foods
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 Matco Foods 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 Matco Foods will appreciate offsetting losses from the drop in the long position's value.Moving together with Matco Stock
Moving against Matco Stock
The ability to find closely correlated positions to Matco Foods could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Matco Foods 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 Matco Foods - 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 Matco Foods to buy it.
The correlation of Matco Foods 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 Matco Foods moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Matco Foods 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 Matco Foods 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 Matco Stock Analysis
When running Matco Foods' price analysis, check to measure Matco Foods' 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 Matco Foods is operating at the current time. Most of Matco Foods' value examination focuses on studying past and present price action to predict the probability of Matco Foods' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Matco Foods' price. Additionally, you may evaluate how the addition of Matco Foods to your portfolios can decrease your overall portfolio volatility.