WorldCall Telecom (Pakistan) Market Value
| WTL Stock | 1.37 0.02 1.48% |
| Symbol | WorldCall |
WorldCall Telecom '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 WorldCall Telecom'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 WorldCall Telecom.
| 06/01/2024 |
| 11/28/2024 |
If you would invest 0.00 in WorldCall Telecom on June 1, 2024 and sell it all today you would earn a total of 0.00 from holding WorldCall Telecom or generate 0.0% return on investment in WorldCall Telecom over 180 days. WorldCall Telecom is related to or competes with Habib Bank, National Bank, United Bank, MCB Bank, Allied Bank, Meezan Bank, and Bank Al. More
WorldCall Telecom 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 WorldCall Telecom'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 WorldCall Telecom upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.39 | |||
| Information Ratio | 0.0085 | |||
| Maximum Drawdown | 19.06 | |||
| Value At Risk | (3.50) | |||
| Potential Upside | 5.97 |
WorldCall Telecom Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for WorldCall Telecom's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as WorldCall Telecom's standard deviation. In reality, there are many statistical measures that can use WorldCall Telecom historical prices to predict the future WorldCall Telecom's volatility.| Risk Adjusted Performance | 0.0445 | |||
| Jensen Alpha | 0.1535 | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | 0.0113 | |||
| Treynor Ratio | (1.46) |
WorldCall Telecom Backtested Returns
WorldCall Telecom appears to be dangerous, given 3 months investment horizon. WorldCall Telecom shows Sharpe Ratio of 0.0688, which attests that the company had a 0.0688% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for WorldCall Telecom, which you can use to evaluate the volatility of the company. Please utilize WorldCall Telecom's Market Risk Adjusted Performance of (1.45), mean deviation of 2.2, and Downside Deviation of 2.39 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, WorldCall Telecom holds a performance score of 5. The firm maintains a market beta of -0.0972, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning WorldCall Telecom are expected to decrease at a much lower rate. During the bear market, WorldCall Telecom is likely to outperform the market. Please check WorldCall Telecom's value at risk, kurtosis, price action indicator, as well as the relationship between the semi variance and rate of daily change , to make a quick decision on whether WorldCall Telecom's historical returns will revert.
Auto-correlation | 0.51 |
Modest predictability
WorldCall Telecom has modest predictability. Overlapping area represents the amount of predictability between WorldCall Telecom time series from 1st of June 2024 to 30th of August 2024 and 30th of August 2024 to 28th 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 WorldCall Telecom price movement. The serial correlation of 0.51 indicates that about 51.0% of current WorldCall Telecom price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.51 | |
| Spearman Rank Test | 0.15 | |
| Residual Average | 0.0 | |
| Price Variance | 0.01 |
WorldCall Telecom lagged returns against current returns
Autocorrelation, which is WorldCall Telecom 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 WorldCall Telecom's stock expected returns. We can calculate the autocorrelation of WorldCall Telecom returns to help us make a trade decision. For example, suppose you find that WorldCall Telecom 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 |
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WorldCall Telecom 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 WorldCall Telecom stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if WorldCall Telecom stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in WorldCall Telecom stock over time.
Current vs Lagged Prices |
| Timeline |
WorldCall Telecom Lagged Returns
When evaluating WorldCall Telecom's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of WorldCall Telecom stock have on its future price. WorldCall Telecom 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, WorldCall Telecom autocorrelation shows the relationship between WorldCall Telecom stock current value and its past values and can show if there is a momentum factor associated with investing in WorldCall Telecom.
Regressed Prices |
| Timeline |
Pair Trading with WorldCall Telecom
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 WorldCall Telecom 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 WorldCall Telecom will appreciate offsetting losses from the drop in the long position's value.Moving together with WorldCall Stock
The ability to find closely correlated positions to WorldCall Telecom could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace WorldCall Telecom 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 WorldCall Telecom - 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 WorldCall Telecom to buy it.
The correlation of WorldCall Telecom 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 WorldCall Telecom moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if WorldCall Telecom 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 WorldCall Telecom 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 WorldCall Stock Analysis
When running WorldCall Telecom's price analysis, check to measure WorldCall Telecom'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 WorldCall Telecom is operating at the current time. Most of WorldCall Telecom's value examination focuses on studying past and present price action to predict the probability of WorldCall Telecom's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move WorldCall Telecom's price. Additionally, you may evaluate how the addition of WorldCall Telecom to your portfolios can decrease your overall portfolio volatility.