Askari Bank (Pakistan) Market Value

AKBL Stock   23.11  0.31  1.32%   
Askari Bank's market value is the price at which a share of Askari Bank stock trades on a public exchange. It measures the collective expectations of Askari Bank investors about the entity's future performance. With this module, you can estimate the performance of a buy and hold strategy of Askari Bank and determine expected loss or profit from investing in Askari Bank over a given investment horizon.
Check out Askari Bank Correlation, Askari Bank Volatility and Askari Bank Alpha and Beta module to complement your research on Askari Bank.
Symbol

Please note, there is a significant difference between Askari Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Askari Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Askari Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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.
0.00
03/13/2022
No Change 0.00  0.0 
In 1 year 11 months and 22 days
03/02/2024
0.00
If you would invest  0.00  in Askari Bank on March 13, 2022 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 720 days. Askari Bank is related to or competes with Oil, Fauji Fertilizer, Mari Petroleum, Lucky Cement, and National Bank. 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.

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.
Sophisticated investors, who have witnessed many market ups and downs, frequently view 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. Please use the tools below to analyze the current value of Askari Bank in the context of predictive analytics.
Hype
Prediction
LowEstimatedHigh
20.4223.1125.80
Details
Intrinsic
Valuation
LowRealHigh
16.8419.5325.42
Details
Please note, it is not enough to conduct a financial or market analysis of a single entity such as Askari Bank. Your research has to be compared to or analyzed against Askari Bank's peers to derive any actionable benefits. When done correctly, Askari Bank's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Askari Bank.

Askari Bank Backtested Returns

We consider Askari Bank not too volatile. Askari Bank secures Sharpe Ratio (or Efficiency) of 0.051, which signifies that the company had 0.051% return per unit of risk over the last 3 months. Our standpoint towards 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-nine technical indicators for Askari Bank, which you can use to evaluate the future volatility of the firm. Please confirm Askari Bank's Mean Deviation of 1.9, downside deviation of 2.41, and Risk Adjusted Performance of 0.0237 to double-check if the risk estimate we provide is consistent with the expected return of 0.14%. Askari Bank has a performance score of 3 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.5, which signifies possible diversification benefits within a given portfolio. 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. Our main philosophy towards foreseeing future performance of any stock is to evaluate the business as a whole together with its past performance, including all available fundamental and technical indicators. Askari Bank right now shows a risk of 2.69%. Please confirm Askari Bank 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 will be following its price patterns.

Auto-correlation

    
  0.71  

Good predictability

Askari Bank has good predictability. Overlapping area represents the amount of predictability between Askari Bank time series from 13th of March 2022 to 8th of March 2023 and 8th of March 2023 to 2nd of March 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 0.71 indicates that around 71.0% of current Askari Bank price fluctuation can be explain by its past prices.
Correlation Coefficient0.71
Spearman Rank Test0.51
Residual Average0.0
Price Variance13.86

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 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  

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.
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 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 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.
Pair CorrelationCorrelation Matching
Check out Askari Bank Correlation, Askari Bank Volatility and Askari Bank Alpha and Beta module to complement your research on Askari Bank.
You can also try the Analyst Advice module to analyst recommendations and target price estimates broken down by several categories.

Complementary Tools for Askari Stock analysis

When running Askari Bank's price analysis, check to measure Askari Bank'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 Askari Bank is operating at the current time. Most of Askari Bank's value examination focuses on studying past and present price action to predict the probability of Askari Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Askari Bank's price. Additionally, you may evaluate how the addition of Askari Bank to your portfolios can decrease your overall portfolio volatility.
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
USA ETFs
Find actively traded Exchange Traded Funds (ETF) in USA
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Price Transformation
Use Price Transformation models to analyze the depth of different equity instruments across global markets
Funds Screener
Find actively-traded funds from around the world traded on over 30 global exchanges
Portfolio Backtesting
Avoid under-diversification and over-optimization by backtesting your portfolios
Balance Of Power
Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
Content Syndication
Quickly integrate customizable finance content to your own investment portal
Commodity Channel
Use Commodity Channel Index to analyze current equity momentum
FinTech Suite
Use AI to screen and filter profitable investment opportunities
Headlines Timeline
Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity
Premium Stories
Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope
Crypto Correlations
Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins
Askari Bank 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.
A focus of Askari Bank technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Askari Bank trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...