Asiaplast Industries (Indonesia) Market Value
| APLI Stock | IDR 540.00 30.00 5.88% |
| Symbol | Asiaplast |
Asiaplast Industries '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 Asiaplast Industries' 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 Asiaplast Industries.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Asiaplast Industries on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Asiaplast Industries Tbk or generate 0.0% return on investment in Asiaplast Industries over 30 days. Asiaplast Industries is related to or competes with Argha Karya, Alumindo Light, Anugerah Kagum, Asahimas Flat, and Champion Pacific. PT Asiaplast Industries Tbk. manufactures and sells polyvinyl chloride products in Indonesia and internationally More
Asiaplast Industries 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 Asiaplast Industries' 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 Asiaplast Industries Tbk upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.09) | |||
| Maximum Drawdown | 12.03 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 4.42 |
Asiaplast Industries Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asiaplast Industries' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asiaplast Industries' standard deviation. In reality, there are many statistical measures that can use Asiaplast Industries historical prices to predict the future Asiaplast Industries' volatility.| Risk Adjusted Performance | (0.03) | |||
| Jensen Alpha | (0.20) | |||
| Total Risk Alpha | (0.46) | |||
| Treynor Ratio | (0.17) |
Asiaplast Industries Tbk Backtested Returns
Asiaplast Industries Tbk secures Sharpe Ratio (or Efficiency) of -0.03, which signifies that the company had a -0.03% return per unit of risk over the last 3 months. Asiaplast Industries Tbk exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asiaplast Industries' Mean Deviation of 1.75, standard deviation of 2.6, and Risk Adjusted Performance of (0.03) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.74, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asiaplast Industries' returns are expected to increase less than the market. However, during the bear market, the loss of holding Asiaplast Industries is expected to be smaller as well. At this point, Asiaplast Industries Tbk has a negative expected return of -0.0782%. Please make sure to confirm Asiaplast Industries' total risk alpha, maximum drawdown, and the relationship between the jensen alpha and treynor ratio , to decide if Asiaplast Industries Tbk performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.11 |
Insignificant predictability
Asiaplast Industries Tbk has insignificant predictability. Overlapping area represents the amount of predictability between Asiaplast Industries time series from 24th of October 2024 to 8th of November 2024 and 8th of November 2024 to 23rd 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 Asiaplast Industries Tbk price movement. The serial correlation of 0.11 indicates that less than 11.0% of current Asiaplast Industries price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.11 | |
| Spearman Rank Test | 0.02 | |
| Residual Average | 0.0 | |
| Price Variance | 124.38 |
Asiaplast Industries Tbk lagged returns against current returns
Autocorrelation, which is Asiaplast Industries 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 Asiaplast Industries' stock expected returns. We can calculate the autocorrelation of Asiaplast Industries returns to help us make a trade decision. For example, suppose you find that Asiaplast Industries 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 |
Asiaplast Industries 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 Asiaplast Industries stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asiaplast Industries stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asiaplast Industries stock over time.
Current vs Lagged Prices |
| Timeline |
Asiaplast Industries Lagged Returns
When evaluating Asiaplast Industries' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asiaplast Industries stock have on its future price. Asiaplast Industries 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, Asiaplast Industries autocorrelation shows the relationship between Asiaplast Industries stock current value and its past values and can show if there is a momentum factor associated with investing in Asiaplast Industries Tbk.
Regressed Prices |
| Timeline |
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Asiaplast Industries financial ratios help investors to determine whether Asiaplast 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 Asiaplast with respect to the benefits of owning Asiaplast Industries security.