Asia Fiber (Thailand) Market Value
| AFC Stock | THB 4.74 0.02 0.42% |
| Symbol | Asia |
Asia Fiber '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 Asia Fiber'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 Asia Fiber.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Asia Fiber on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Fiber Public or generate 0.0% return on investment in Asia Fiber over 30 days. Asia Fiber is related to or competes with SCB X, Kasikornbank Public, PTT Public, Kasikornbank Public, Siam Commercial, PTT Public, and Bangkok Bank. Asia Fiber Public Company Limited manufactures and sells nylon products in Thailand More
Asia Fiber 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 Asia Fiber'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 Asia Fiber Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.23) | |||
| Maximum Drawdown | 17.41 | |||
| Value At Risk | (4.59) | |||
| Potential Upside | 1.69 |
Asia Fiber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Fiber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Fiber's standard deviation. In reality, there are many statistical measures that can use Asia Fiber historical prices to predict the future Asia Fiber's volatility.| Risk Adjusted Performance | (0.13) | |||
| Jensen Alpha | (0.36) | |||
| Total Risk Alpha | (0.78) | |||
| Treynor Ratio | 0.8633 |
Asia Fiber Public Backtested Returns
Asia Fiber is out of control given 3 months investment horizon. Asia Fiber Public secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to break down twenty-four different technical indicators, which can help you to evaluate if expected returns of 13.85% are justified by taking the suggested risk. Use Asia Fiber Mean Deviation of 1.33, risk adjusted performance of (0.13), and Standard Deviation of 2.3 to evaluate company specific risk that cannot be diversified away. Asia Fiber holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.48, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asia Fiber are expected to decrease at a much lower rate. During the bear market, Asia Fiber is likely to outperform the market. Use Asia Fiber total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to analyze future returns on Asia Fiber.
Auto-correlation | 0.52 |
Modest predictability
Asia Fiber Public has modest predictability. Overlapping area represents the amount of predictability between Asia Fiber time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Asia Fiber Public price movement. The serial correlation of 0.52 indicates that about 52.0% of current Asia Fiber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.52 | |
| Spearman Rank Test | 0.08 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Asia Fiber Public lagged returns against current returns
Autocorrelation, which is Asia Fiber 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 Asia Fiber's stock expected returns. We can calculate the autocorrelation of Asia Fiber returns to help us make a trade decision. For example, suppose you find that Asia Fiber 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 |
Asia Fiber 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 Asia Fiber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Fiber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Fiber stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Fiber Lagged Returns
When evaluating Asia Fiber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Fiber stock have on its future price. Asia Fiber 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, Asia Fiber autocorrelation shows the relationship between Asia Fiber stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Fiber Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Asia Stock
Asia Fiber financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Fiber security.