ORIX Leasing (Pakistan) Market Value
| OLPL Stock | 30.55 0.05 0.16% |
| Symbol | ORIX |
ORIX Leasing '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 ORIX Leasing'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 ORIX Leasing.
| 10/02/2022 |
| 09/21/2024 |
If you would invest 0.00 in ORIX Leasing on October 2, 2022 and sell it all today you would earn a total of 0.00 from holding ORIX Leasing Pakistan or generate 0.0% return on investment in ORIX Leasing over 720 days. ORIX Leasing is related to or competes with Fauji Foods, KSB Pumps, Mari Petroleum, Loads, Thatta Cement, KOT Addu, and Reliance Weaving. More
ORIX Leasing 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 ORIX Leasing'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 ORIX Leasing Pakistan upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.06 | |||
| Information Ratio | 0.0417 | |||
| Maximum Drawdown | 9.5 | |||
| Value At Risk | (1.75) | |||
| Potential Upside | 2.08 |
ORIX Leasing Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for ORIX Leasing's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as ORIX Leasing's standard deviation. In reality, there are many statistical measures that can use ORIX Leasing historical prices to predict the future ORIX Leasing's volatility.| Risk Adjusted Performance | 0.1053 | |||
| Jensen Alpha | 0.1899 | |||
| Total Risk Alpha | (0.04) | |||
| Sortino Ratio | 0.0593 | |||
| Treynor Ratio | (1.56) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of ORIX Leasing'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.
ORIX Leasing Pakistan Backtested Returns
At this point, ORIX Leasing is very steady. ORIX Leasing Pakistan maintains Sharpe Ratio (i.e., Efficiency) of 0.11, which implies the firm had a 0.11% return per unit of volatility over the last 3 months. We have found twenty-eight technical indicators for ORIX Leasing Pakistan, which you can use to evaluate the volatility of the company. Please check ORIX Leasing's risk adjusted performance of 0.1053, and Semi Deviation of 0.6848 to confirm if the risk estimate we provide is consistent with the expected return of 0.16%. ORIX Leasing has a performance score of 8 on a scale of 0 to 100. The company holds a Beta of -0.11, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning ORIX Leasing are expected to decrease at a much lower rate. During the bear market, ORIX Leasing is likely to outperform the market. ORIX Leasing Pakistan currently holds a risk of 1.48%. Please check ORIX Leasing Pakistan coefficient of variation, jensen alpha, sortino ratio, as well as the relationship between the information ratio and total risk alpha , to decide if ORIX Leasing Pakistan will be following its historical price patterns.
Auto-correlation | 0.46 |
Average predictability
ORIX Leasing Pakistan has average predictability. Overlapping area represents the amount of predictability between ORIX Leasing time series from 2nd of October 2022 to 27th of September 2023 and 27th of September 2023 to 21st of September 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 ORIX Leasing Pakistan price movement. The serial correlation of 0.46 indicates that about 46.0% of current ORIX Leasing price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.46 | |
| Spearman Rank Test | 0.55 | |
| Residual Average | 0.0 | |
| Price Variance | 14.5 |
ORIX Leasing Pakistan lagged returns against current returns
Autocorrelation, which is ORIX Leasing 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 ORIX Leasing's stock expected returns. We can calculate the autocorrelation of ORIX Leasing returns to help us make a trade decision. For example, suppose you find that ORIX Leasing 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 |
ORIX Leasing 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 ORIX Leasing stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if ORIX Leasing stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in ORIX Leasing stock over time.
Current vs Lagged Prices |
| Timeline |
ORIX Leasing Lagged Returns
When evaluating ORIX Leasing's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of ORIX Leasing stock have on its future price. ORIX Leasing 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, ORIX Leasing autocorrelation shows the relationship between ORIX Leasing stock current value and its past values and can show if there is a momentum factor associated with investing in ORIX Leasing Pakistan.
Regressed Prices |
| Timeline |
Pair Trading with ORIX Leasing
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 ORIX Leasing 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 ORIX Leasing will appreciate offsetting losses from the drop in the long position's value.Moving together with ORIX Stock
The ability to find closely correlated positions to ORIX Leasing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ORIX Leasing 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 ORIX Leasing - 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 ORIX Leasing Pakistan to buy it.
The correlation of ORIX Leasing 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 ORIX Leasing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ORIX Leasing Pakistan 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 ORIX Leasing 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 ORIX Stock
ORIX Leasing financial ratios help investors to determine whether ORIX 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 ORIX with respect to the benefits of owning ORIX Leasing security.