Asia Pacific Correlations

APWC Stock

USD 1.66 0.01 0.60%

The current 90-days correlation between Asia Pacific Wire and Stardust Power is 0.12 (i.e., Average 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 -0.37 (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 together with Asia Stock

0.67	0LT	Leoch International	Pair Corr
0.61	ENVX	Enovix Corp	Pair Corr
0.72	AYI	Acuity Brands	Pair Corr

Moving against Asia Stock

0.65	WATT	Energous	Pair Corr
0.61	VICR	Vicor Trending	Pair Corr
0.6	ENS	Enersys	Pair Corr
0.58	EMR	Emerson Electric	Pair Corr
0.57	AME	Ametek Inc	Pair Corr
0.55	ESP	Espey Mfg Electronics	Pair Corr
0.53	ELVA	Electrovaya	Pair Corr
0.51	P4L	PREFORMED LINE PROD	Pair Corr
0.51	ELVA	Electrovaya	Pair Corr
0.44	CWR	Ceres Power Holdings	Pair Corr
0.42	CEA	FRIWO AG	Pair Corr
0.42	ALDBT	DBT SA	Pair Corr
0.39	ST	Sensata Technologies	Pair Corr
0.39	4LG	LANDISGYR GROUP AG	Pair Corr
0.39	RUOC	Ocean Power Technologies	Pair Corr
0.38	AOA	Atkore Inc	Pair Corr
0.73	RBC	RBC Bearings	Pair Corr
0.62	NVT	nVent Electric PLC Sell-off Trend	Pair Corr
0.61	NXT	Nextracker Class A	Pair Corr
0.6	64K	VOLEX PLC LS	Pair Corr
0.57	ETN	Eaton PLC	Pair Corr
0.57	RRX	Regal Beloit	Pair Corr
0.55	THR	Thermon Group Holdings	Pair Corr
0.55	GNRC	Generac Holdings	Pair Corr
0.55	HPS-A	Hammond Power Solutions	Pair Corr
0.51	MIE1	Mitsubishi Electric	Pair Corr
0.5	ULB	Ultralife	Pair Corr

Related Correlations Analysis

	SDST	IPWR	OESX	FLUX	NEOV	KSCP	STI	GWH	CSTE	GPUS
SDST		0.68	0.29	0.13	0.8	-0.16	0.11	-0.27	0.64	0.05	SDST
IPWR	0.68		0.3	0.05	0.59	-0.04	0.29	0.08	0.44	0.07	IPWR
OESX	0.29	0.3		0.41	0.27	0.31	0.61	0.47	0.13	0.62	OESX
FLUX	0.13	0.05	0.41		0.09	0.71	0.46	0.61	-0.46	0.63	FLUX
NEOV	0.8	0.59	0.27	0.09		-0.04	0.34	-0.01	0.54	0.08	NEOV
KSCP	-0.16	-0.04	0.31	0.71	-0.04		0.41	0.73	-0.63	0.56	KSCP
STI	0.11	0.29	0.61	0.46	0.34	0.41		0.74	-0.03	0.62	STI
GWH	-0.27	0.08	0.47	0.61	-0.01	0.73	0.74		-0.57	0.6	GWH
CSTE	0.64	0.44	0.13	-0.46	0.54	-0.63	-0.03	-0.57		-0.17	CSTE
GPUS	0.05	0.07	0.62	0.63	0.08	0.56	0.62	0.6	-0.17		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

NEOV	+ 0.8	SDST
GWH	+ 0.74	STI
GWH	+ 0.73	KSCP
KSCP	+ 0.71	FLUX
IPWR	+ 0.68	SDST
CSTE	+ 0.64	SDST

High negative correlations

CSTE	- 0.63	KSCP
CSTE	- 0.57	GWH
CSTE	- 0.46	FLUX
GWH	- 0.27	SDST
GPUS	- 0.17	CSTE
KSCP	- 0.16	SDST

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	3.86	(0.13)	0.00	0.05	4.88	(3.75)	7.42	(7.56)	21.56
IPWR	5.54	(0.03)	0.02	0.10	6.56	(6.07)	11.14	(10.49)	38.33
OESX	4.50	(0.29)	0.00	(0.17)	0.00	0.00	10.72	(9.66)	32.25
FLUX	4.99	(0.16)	0.01	0.06	6.05	(5.51)	13.45	(10.12)	31.70
NEOV	5.69	(0.56)	0.00	(0.12)	0.00	0.00	11.67	(9.51)	50.89
KSCP	4.21	(0.35)	(0.01)	0.01	5.36	(4.68)	11.09	(7.57)	30.69
STI	6.41	(1.23)	0.00	(0.26)	0.00	0.00	14.88	(16.14)	39.44
GWH	4.09	(0.74)	0.00	(0.16)	0.00	0.00	6.91	(9.24)	20.76
CSTE	4.70	0.19	0.01	(0.49)	5.59	(4.94)	8.42	(7.26)	38.74
GPUS	6.40	0.02	0.03	0.12	5.70	(12.73)	16.67	(11.11)	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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