Askari Bank (Pakistan) Market Value
| AKBL Stock | 26.51 0.06 0.23% |
| Symbol | Askari |
Askari 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 Askari 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 Askari Bank.
| 07/08/2024 |
| 10/06/2024 |
If you would invest 0.00 in Askari Bank on July 8, 2024 and sell it all today you would earn a total of 0.00 from holding Askari Bank or generate 0.0% return on investment in Askari Bank over 90 days. Askari Bank is related to or competes with National Bank, United Bank, MCB Bank, Meezan Bank, Bank Alfalah, Habib Metropolitan. More
Askari 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 Askari 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 Askari Bank upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.58 | |||
| Information Ratio | 0.054 | |||
| Maximum Drawdown | 16.15 | |||
| Value At Risk | (3.98) | |||
| Potential Upside | 4.59 |
Askari Bank Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Askari Bank's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Askari Bank's standard deviation. In reality, there are many statistical measures that can use Askari Bank historical prices to predict the future Askari Bank's volatility.| Risk Adjusted Performance | 0.0851 | |||
| Jensen Alpha | 0.2792 | |||
| Total Risk Alpha | (0.11) | |||
| Sortino Ratio | 0.0581 | |||
| Treynor Ratio | (1.19) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Askari Bank'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.
Askari Bank Backtested Returns
Askari Bank secures Sharpe Ratio (or Efficiency) of -0.11, which signifies that the company had a -0.11% return per unit of risk over the last 3 months. Askari Bank exposes twenty-nine different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Askari Bank's Risk Adjusted Performance of 0.0851, downside deviation of 2.58, and Mean Deviation of 1.84 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Askari Bank are expected to decrease at a much lower rate. During the bear market, Askari Bank is likely to outperform the market. At this point, Askari Bank has a negative expected return of -0.23%. Please make sure to confirm Askari Bank's downside deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Askari Bank performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.2 |
Insignificant reverse predictability
Askari Bank has insignificant reverse predictability. Overlapping area represents the amount of predictability between Askari Bank time series from 8th of July 2024 to 22nd of August 2024 and 22nd of August 2024 to 6th of October 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 Askari Bank price movement. The serial correlation of -0.2 indicates that over 20.0% of current Askari Bank price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.2 | |
| Spearman Rank Test | -0.19 | |
| Residual Average | 0.0 | |
| Price Variance | 1.51 |
Askari Bank lagged returns against current returns
Autocorrelation, which is Askari 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 Askari Bank's stock expected returns. We can calculate the autocorrelation of Askari Bank returns to help us make a trade decision. For example, suppose you find that Askari 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 |
Askari 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 Askari Bank stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Askari Bank stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Askari Bank stock over time.
Current vs Lagged Prices |
| Timeline |
Askari Bank Lagged Returns
When evaluating Askari Bank's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Askari Bank stock have on its future price. Askari 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, Askari Bank autocorrelation shows the relationship between Askari Bank stock current value and its past values and can show if there is a momentum factor associated with investing in Askari Bank.
Regressed Prices |
| Timeline |
Pair Trading with Askari 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 Askari 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 Askari Bank will appreciate offsetting losses from the drop in the long position's value.Moving against Askari Stock
The ability to find closely correlated positions to Askari 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 Askari 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 Askari 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 Askari Bank to buy it.
The correlation of Askari 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 Askari Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Askari 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 Askari 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 Askari Stock
Askari Bank financial ratios help investors to determine whether Askari 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 Askari with respect to the benefits of owning Askari Bank security.