Asia Precision (Thailand) Market Value
| APCS Stock | THB 2.00 0.07 3.63% |
| Symbol | Asia |
Asia Precision '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 Precision'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 Precision.
| 08/28/2024 |
| 11/26/2024 |
If you would invest 0.00 in Asia Precision on August 28, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Precision Public or generate 0.0% return on investment in Asia Precision over 90 days. Asia Precision is related to or competes with Tata Steel, Thaifoods Group, TMT Steel, Erawan, Airports, Eastern Technical, and Asian Sea. Asia Precision Public Company Limited, together with its subsidiaries, manufactures and sells precision metal parts for ... More
Asia Precision 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 Precision'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 Precision Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.13) | |||
| Maximum Drawdown | 11.47 | |||
| Value At Risk | (3.88) | |||
| Potential Upside | 3.11 |
Asia Precision Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Precision's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Precision's standard deviation. In reality, there are many statistical measures that can use Asia Precision historical prices to predict the future Asia Precision's volatility.| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.16) | |||
| Total Risk Alpha | (0.57) | |||
| Treynor Ratio | 0.7468 |
Asia Precision Public Backtested Returns
Asia Precision is out of control given 3 months investment horizon. Asia Precision 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 collect data for twenty-two different technical indicators, which can help you to evaluate if expected returns of 14.48% are justified by taking the suggested risk. Use Asia Precision Standard Deviation of 2.36, mean deviation of 1.7, and Risk Adjusted Performance of (0.05) to evaluate company specific risk that cannot be diversified away. Asia Precision holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.26, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asia Precision are expected to decrease at a much lower rate. During the bear market, Asia Precision is likely to outperform the market. Use Asia Precision jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to analyze future returns on Asia Precision.
Auto-correlation | -0.12 |
Insignificant reverse predictability
Asia Precision Public has insignificant reverse predictability. Overlapping area represents the amount of predictability between Asia Precision time series from 28th of August 2024 to 12th of October 2024 and 12th of October 2024 to 26th 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 Precision Public price movement. The serial correlation of -0.12 indicates that less than 12.0% of current Asia Precision price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.12 | |
| Spearman Rank Test | -0.1 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asia Precision Public lagged returns against current returns
Autocorrelation, which is Asia Precision 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 Precision's stock expected returns. We can calculate the autocorrelation of Asia Precision returns to help us make a trade decision. For example, suppose you find that Asia Precision 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 Precision 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 Precision stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Precision stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Precision stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Precision Lagged Returns
When evaluating Asia Precision's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Precision stock have on its future price. Asia Precision 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 Precision autocorrelation shows the relationship between Asia Precision stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Precision Public.
Regressed Prices |
| Timeline |
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Asia Precision 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 Precision security.