Adamjee Insurance (Pakistan) Market Value
| AICL Stock | 34.37 0.01 0.0291% |
| Symbol | Adamjee |
Adamjee Insurance '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 Adamjee Insurance'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 Adamjee Insurance.
| 11/02/2023 |
| 12/02/2023 |
If you would invest 0.00 in Adamjee Insurance on November 2, 2023 and sell it all today you would earn a total of 0.00 from holding Adamjee Insurance or generate 0.0% return on investment in Adamjee Insurance over 30 days. Adamjee Insurance is related to or competes with Masood Textile, Modaraba, Fauji FoodsLtd, KSB Pumps, Mari Petroleum, Loads, and Thatta Cement. More
Adamjee Insurance 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 Adamjee Insurance'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 Adamjee Insurance upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.2 | |||
| Information Ratio | 0.1646 | |||
| Maximum Drawdown | 10.04 | |||
| Value At Risk | (2.01) | |||
| Potential Upside | 3.23 |
Adamjee Insurance Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Adamjee Insurance's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Adamjee Insurance's standard deviation. In reality, there are many statistical measures that can use Adamjee Insurance historical prices to predict the future Adamjee Insurance's volatility.| Risk Adjusted Performance | 0.135 | |||
| Jensen Alpha | 0.2783 | |||
| Total Risk Alpha | 0.2852 | |||
| Sortino Ratio | 0.2342 | |||
| Treynor Ratio | (0.77) |
Sophisticated investors, who have witnessed many market ups and downs, frequently view the market will even out over time. This tendency of Adamjee Insurance's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy. Please use the tools below to analyze the current value of Adamjee Insurance in the context of predictive analytics.
Adamjee Insurance Backtested Returns
Adamjee Insurance appears to be very steady, given 3 months investment horizon. Adamjee Insurance secures Sharpe Ratio (or Efficiency) of 0.14, which signifies that the company had 0.14% of return per unit of standard deviation over the last 3 months. Our philosophy in foreseeing the volatility of a stock is to use all available market data together with stock-specific technical indicators that cannot be diversified away. We have found twenty-seven technical indicators for Adamjee Insurance, which you can use to evaluate the future volatility of the firm. Please makes use of Adamjee Insurance's risk adjusted performance of 0.135, and Mean Deviation of 1.22 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Adamjee Insurance holds a performance score of 11. The firm shows a Beta (market volatility) of -0.3639, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Adamjee Insurance are expected to decrease at a much lower rate. During the bear market, Adamjee Insurance is likely to outperform the market. By analyzing Adamjee Insurance technical indicators, you can presently evaluate if the expected return of 0.24% will be sustainable into the future. Please makes use of Adamjee Insurance semi deviation, coefficient of variation, and the relationship between the mean deviation and downside deviation to make a quick decision on whether Adamjee Insurance price patterns will revert.
Auto-correlation | -0.4 |
Poor reverse predictability
Adamjee Insurance has poor reverse predictability. Overlapping area represents the amount of predictability between Adamjee Insurance time series from 2nd of November 2023 to 17th of November 2023 and 17th of November 2023 to 2nd of December 2023. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Adamjee Insurance price movement. The serial correlation of -0.4 indicates that just about 40.0% of current Adamjee Insurance price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.4 | |
| Spearman Rank Test | -0.77 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Adamjee Insurance lagged returns against current returns
Autocorrelation, which is Adamjee Insurance 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 Adamjee Insurance's stock expected returns. We can calculate the autocorrelation of Adamjee Insurance returns to help us make a trade decision. For example, suppose you find that Adamjee Insurance stock 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 stock movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Adamjee Insurance 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 Adamjee Insurance stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Adamjee Insurance stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Adamjee Insurance stock over time.
Current vs Lagged Prices |
| Timeline |
Adamjee Insurance Lagged Returns
When evaluating Adamjee Insurance's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Adamjee Insurance stock have on its future price. Adamjee Insurance 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, Adamjee Insurance autocorrelation shows the relationship between Adamjee Insurance stock current value and its past values and can show if there is a momentum factor associated with investing in Adamjee Insurance.
Regressed Prices |
| Timeline |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Adamjee Insurance in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Adamjee Insurance's short interest history, or implied volatility extrapolated from Adamjee Insurance options trading.
Pair Trading with Adamjee Insurance
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 Adamjee Insurance 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 Adamjee Insurance will appreciate offsetting losses from the drop in the long position's value.Moving together with Adamjee Stock
Moving against Adamjee Stock
The ability to find closely correlated positions to Adamjee Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adamjee Insurance 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 Adamjee Insurance - 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 Adamjee Insurance to buy it.
The correlation of Adamjee Insurance is a statistical measure of how it moves in relation to other equities. 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 Adamjee Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adamjee Insurance 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 Adamjee Insurance 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.Check out Adamjee Insurance Correlation, Adamjee Insurance Volatility and Adamjee Insurance Alpha and Beta module to complement your research on Adamjee Insurance. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Complementary Tools for Adamjee Stock analysis
When running Adamjee Insurance's price analysis, check to measure Adamjee Insurance'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 Adamjee Insurance is operating at the current time. Most of Adamjee Insurance's value examination focuses on studying past and present price action to predict the probability of Adamjee Insurance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Adamjee Insurance's price. Additionally, you may evaluate how the addition of Adamjee Insurance to your portfolios can decrease your overall portfolio volatility.
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Adamjee Insurance technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.