Soneri Bank (Pakistan) Market Value
| SNBL Stock | 17.41 0.32 1.80% |
| Symbol | Soneri |
Soneri Bank '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 Soneri Bank'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 Soneri Bank.
| 10/13/2024 |
| 12/12/2024 |
If you would invest 0.00 in Soneri Bank on October 13, 2024 and sell it all today you would earn a total of 0.00 from holding Soneri Bank or generate 0.0% return on investment in Soneri Bank over 60 days. Soneri Bank is related to or competes with Masood Textile, Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, and KOT Addu. More
Soneri Bank 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 Soneri Bank'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 Soneri Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.41 | |||
| Information Ratio | 0.134 | |||
| Maximum Drawdown | 13.22 | |||
| Value At Risk | (2.38) | |||
| Potential Upside | 3.4 |
Soneri Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Soneri Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Soneri Bank's standard deviation. In reality, there are many statistical measures that can use Soneri Bank historical prices to predict the future Soneri Bank's volatility.| Risk Adjusted Performance | 0.1481 | |||
| Jensen Alpha | 0.3895 | |||
| Total Risk Alpha | 0.0655 | |||
| Sortino Ratio | 0.1909 | |||
| Treynor Ratio | (6.85) |
Soneri Bank Backtested Returns
Soneri Bank appears to be not too volatile, given 3 months investment horizon. Soneri Bank owns Efficiency Ratio (i.e., Sharpe Ratio) of 0.22, which indicates the firm had a 0.22% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Soneri Bank, which you can use to evaluate the volatility of the company. Please review Soneri Bank's Risk Adjusted Performance of 0.1481, coefficient of variation of 509.78, and Semi Deviation of 1.04 to confirm if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Soneri Bank holds a performance score of 17. The entity has a beta of -0.0559, which indicates not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Soneri Bank are expected to decrease at a much lower rate. During the bear market, Soneri Bank is likely to outperform the market. Please check Soneri Bank's treynor ratio, value at risk, and the relationship between the sortino ratio and maximum drawdown , to make a quick decision on whether Soneri Bank's existing price patterns will revert.
Auto-correlation | 0.23 |
Weak predictability
Soneri Bank has weak predictability. Overlapping area represents the amount of predictability between Soneri Bank time series from 13th of October 2024 to 12th of November 2024 and 12th 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 Soneri Bank price movement. The serial correlation of 0.23 indicates that over 23.0% of current Soneri Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.23 | |
| Spearman Rank Test | 0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 1.89 |
Soneri Bank lagged returns against current returns
Autocorrelation, which is Soneri Bank 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 Soneri Bank's stock expected returns. We can calculate the autocorrelation of Soneri Bank returns to help us make a trade decision. For example, suppose you find that Soneri Bank 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 |
Soneri Bank 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 Soneri Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Soneri Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Soneri Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Soneri Bank Lagged Returns
When evaluating Soneri Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Soneri Bank stock have on its future price. Soneri Bank 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, Soneri Bank autocorrelation shows the relationship between Soneri Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Soneri Bank.
Regressed Prices |
| Timeline |
Pair Trading with Soneri Bank
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 Soneri Bank 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 Soneri Bank will appreciate offsetting losses from the drop in the long position's value.Moving together with Soneri Stock
| 0.89 | FFL | Fauji Foods | PairCorr |
| 0.67 | KSBP | KSB Pumps | PairCorr |
| 0.79 | MARI | Mari Petroleum Split | PairCorr |
| 0.81 | LOADS | Loads | PairCorr |
The ability to find closely correlated positions to Soneri Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Soneri Bank 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 Soneri Bank - 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 Soneri Bank to buy it.
The correlation of Soneri Bank 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 Soneri Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Soneri Bank 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 Soneri Bank 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 Soneri Stock
Soneri Bank financial ratios help investors to determine whether Soneri 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 Soneri with respect to the benefits of owning Soneri Bank security.