Asian Pac (Malaysia) Market Value
| 4057 Stock | 0.10 0.01 5.26% |
| Symbol | Asian |
Asian Pac '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 Asian Pac'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 Asian Pac.
| 11/19/2023 |
| 12/13/2024 |
If you would invest 0.00 in Asian Pac on November 19, 2023 and sell it all today you would earn a total of 0.00 from holding Asian Pac Holdings or generate 0.0% return on investment in Asian Pac over 390 days. Asian Pac is related to or competes with Kawan Food, Oriental Food, Computer Forms, Malayan Banking, and IHH Healthcare. More
Asian Pac 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 Asian Pac'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 Asian Pac Holdings upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 19.09 | |||
| Value At Risk | (5.26) | |||
| Potential Upside | 5.56 |
Asian Pac Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asian Pac's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asian Pac's standard deviation. In reality, there are many statistical measures that can use Asian Pac historical prices to predict the future Asian Pac's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.14) | |||
| Total Risk Alpha | (0.54) | |||
| Treynor Ratio | (0.30) |
Asian Pac Holdings Backtested Returns
Asian Pac Holdings secures Sharpe Ratio (or Efficiency) of -0.0332, which signifies that the company had a -0.0332% return per unit of risk over the last 3 months. Asian Pac Holdings exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asian Pac's Standard Deviation of 3.05, mean deviation of 1.47, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.36, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asian Pac's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asian Pac is expected to be smaller as well. At this point, Asian Pac Holdings has a negative expected return of -0.1%. Please make sure to confirm Asian Pac's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Asian Pac Holdings performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.33 |
Below average predictability
Asian Pac Holdings has below average predictability. Overlapping area represents the amount of predictability between Asian Pac time series from 19th of November 2023 to 1st of June 2024 and 1st of June 2024 to 13th of December 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 Asian Pac Holdings price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Asian Pac price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asian Pac Holdings lagged returns against current returns
Autocorrelation, which is Asian Pac 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 Asian Pac's stock expected returns. We can calculate the autocorrelation of Asian Pac returns to help us make a trade decision. For example, suppose you find that Asian Pac 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 |
Asian Pac 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 Asian Pac stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asian Pac stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asian Pac stock over time.
Current vs Lagged Prices |
| Timeline |
Asian Pac Lagged Returns
When evaluating Asian Pac's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asian Pac stock have on its future price. Asian Pac 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, Asian Pac autocorrelation shows the relationship between Asian Pac stock current value and its past values and can show if there is a momentum factor associated with investing in Asian Pac Holdings.
Regressed Prices |
| Timeline |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Other Information on Investing in Asian Stock
Asian Pac financial ratios help investors to determine whether Asian 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 Asian with respect to the benefits of owning Asian Pac security.