Asia Pacific Correlations

APWC Stock

USD 1.71 0.01 0.59%

The current 90-days correlation between Asia Pacific Wire and Stardust Power is -0.25 (i.e., Very good diversification). The correlation of Asia Pacific 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Asia Pacific Correlation With Market

Very good diversification

The correlation between Asia Pacific Wire and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asia Pacific Wire and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Asia Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Asia Pacific Wire. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in private.

Moving against Asia Stock

0.46	ROK	Rockwell Automation	Pair Corr
0.46	002322	Ningbo Ligong Online	Pair Corr
0.44	AME	Ametek Inc Earnings Call This Week	Pair Corr
0.43	ESP	Espey Mfg Electronics	Pair Corr
0.43	002339	Integrated Electronic	Pair Corr
0.39	600363	Jiangxi Lianchuang Opto	Pair Corr
0.48	603115	Nantong Haixing Elec	Pair Corr
0.45	603045	Fuda Alloy Materials	Pair Corr
0.42	WNC	Wabash National Earnings Call This Week	Pair Corr
0.42	CSTM	Constellium Nv	Pair Corr
0.41	300032	Jinlong Machinery	Pair Corr
0.38	BIT	Blackrock Multi Sector	Pair Corr
0.36	300648	Fujian Nebula Electronics	Pair Corr

Related Correlations Analysis

	SDST	IPWR	OESX	FLUX	NEOV	KSCP	STI	GWH	CSTE	GPUS
SDST		0.82	0.08	0.68	0.62	0.34	0.53	0.54	0.01	0.62	SDST
IPWR	0.82		-0.24	0.76	0.47	0.54	0.7	0.8	-0.38	0.74	IPWR
OESX	0.08	-0.24		0.02	-0.12	-0.01	-0.34	-0.47	0.55	-0.14	OESX
FLUX	0.68	0.76	0.02		0.26	0.68	0.71	0.78	-0.4	0.79	FLUX
NEOV	0.62	0.47	-0.12	0.26		0.38	0.47	0.31	-0.16	0.19	NEOV
KSCP	0.34	0.54	-0.01	0.68	0.38		0.64	0.64	-0.64	0.57	KSCP
STI	0.53	0.7	-0.34	0.71	0.47	0.64		0.79	-0.66	0.63	STI
GWH	0.54	0.8	-0.47	0.78	0.31	0.64	0.79		-0.72	0.77	GWH
CSTE	0.01	-0.38	0.55	-0.4	-0.16	-0.64	-0.66	-0.72		-0.38	CSTE
GPUS	0.62	0.74	-0.14	0.79	0.19	0.57	0.63	0.77	-0.38		GPUS
	SDST	IPWR	OESX	FLUX	NEOV	KSCP	STI	GWH	CSTE	GPUS

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

IPWR	+ 0.82	SDST
GWH	+ 0.8	IPWR
GPUS	+ 0.79	FLUX
GWH	+ 0.79	STI
GWH	+ 0.78	FLUX
GPUS	+ 0.77	GWH

High negative correlations

CSTE	- 0.72	GWH
CSTE	- 0.66	STI
CSTE	- 0.64	KSCP
GWH	- 0.47	OESX
CSTE	- 0.4	FLUX
GPUS	- 0.38	CSTE

Risk-Adjusted Indicators

There is a big difference between Asia Stock performing well and Asia Pacific Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Asia Pacific's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
SDST	4.64	(0.14)	0.00	(0.01)	0.00	0.00	8.84	(9.77)	26.43
IPWR	4.93	(0.07)	0.00	0.01	7.11	(4.96)	9.70	(9.07)	36.33
OESX	5.29	1.31	0.24	(1.58)	4.55	(6.77)	14.72	(7.43)	39.21
FLUX	5.52	(2.02)	0.00	(0.88)	0.00	0.00	9.87	(16.54)	35.25
NEOV	5.55	0.21	0.04	0.17	6.31	(6.37)	11.55	(9.51)	50.89
KSCP	4.14	(0.53)	0.00	(1.65)	0.00	0.00	9.43	(8.44)	30.69
STI	6.34	(0.68)	0.00	(0.38)	0.00	0.00	15.82	(10.75)	34.94
GWH	4.75	(1.38)	0.00	(0.33)	0.00	0.00	6.91	(9.24)	61.03
CSTE	5.01	1.16	0.22	1.26	4.38	(6.34)	12.11	(6.99)	38.10
GPUS	7.35	(0.61)	0.00	(0.12)	0.00	0.00	19.05	(11.76)	62.50

Asia Pacific Corporate Management

James Lu	Acting Officer	Profile
PanYun Lee	Chief Officer	Profile
ChunTang MS	CEO Director	Profile
Daphne Hsu	Financial Controller	Profile
Cody Wu	Chief Officer	Profile
Wei Gong	Chief Officer	Profile
Ivan Hsia	Executive Officer	Profile

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