Asia Pacific Wire Stock Market Value
| APWC Stock | USD 1.99 0.06 3.11% |
| Symbol | Asia |
Asia Pacific Wire Price To Book Ratio
Is Electrical Components & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Asia Pacific. If investors know Asia will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Asia Pacific listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.19) | Earnings Share 0.17 | Revenue Per Share 21.664 | Quarterly Revenue Growth 0.108 | Return On Assets 0.0113 |
The market value of Asia Pacific Wire is measured differently than its book value, which is the value of Asia that is recorded on the company's balance sheet. Investors also form their own opinion of Asia Pacific's value that differs from its market value or its book value, called intrinsic value, which is Asia Pacific's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Asia Pacific's market value can be influenced by many factors that don't directly affect Asia Pacific's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Asia Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asia Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asia Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Asia Pacific '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 Pacific'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 Pacific.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Asia Pacific on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Pacific Wire or generate 0.0% return on investment in Asia Pacific over 30 days. Asia Pacific is related to or competes with Tantalus Systems, Alfen NV, Legrand SA, Enovix Corp, Chardan NexTech, Solid Power, and FREYR Battery. Asia Pacific Wire Cable Corporation Limited, through its subsidiaries, manufactures and distributes enameled wire, power... More
Asia Pacific 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 Pacific'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 Pacific Wire upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.75 | |||
| Information Ratio | 0.0698 | |||
| Maximum Drawdown | 15.84 | |||
| Value At Risk | (4.91) | |||
| Potential Upside | 5.84 |
Asia Pacific Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Pacific's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Pacific's standard deviation. In reality, there are many statistical measures that can use Asia Pacific historical prices to predict the future Asia Pacific's volatility.| Risk Adjusted Performance | 0.0925 | |||
| Jensen Alpha | 0.4361 | |||
| Total Risk Alpha | (0.16) | |||
| Sortino Ratio | 0.0595 | |||
| Treynor Ratio | (0.45) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asia Pacific's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Asia Pacific Wire Backtested Returns
Asia Pacific appears to be very risky, given 3 months investment horizon. Asia Pacific Wire secures Sharpe Ratio (or Efficiency) of 0.18, which signifies that the company had a 0.18% return per unit of risk over the last 3 months. By analyzing Asia Pacific's technical indicators, you can evaluate if the expected return of 0.54% is justified by implied risk. Please makes use of Asia Pacific's Downside Deviation of 3.75, risk adjusted performance of 0.0925, and Mean Deviation of 2.46 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Asia Pacific holds a performance score of 13. The firm shows a Beta (market volatility) of -0.76, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Asia Pacific are expected to decrease at a much lower rate. During the bear market, Asia Pacific is likely to outperform the market. Please check Asia Pacific's jensen alpha, semi variance, day typical price, as well as the relationship between the maximum drawdown and accumulation distribution , to make a quick decision on whether Asia Pacific's price patterns will revert.
Auto-correlation | 0.80 |
Very good predictability
Asia Pacific Wire has very good predictability. Overlapping area represents the amount of predictability between Asia Pacific 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 Pacific Wire price movement. The serial correlation of 0.8 indicates that around 80.0% of current Asia Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.8 | |
| Spearman Rank Test | 0.85 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asia Pacific Wire lagged returns against current returns
Autocorrelation, which is Asia Pacific 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 Pacific's stock expected returns. We can calculate the autocorrelation of Asia Pacific returns to help us make a trade decision. For example, suppose you find that Asia Pacific 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 Pacific 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 Pacific stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Pacific stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Pacific stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Pacific Lagged Returns
When evaluating Asia Pacific's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Pacific stock have on its future price. Asia Pacific 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 Pacific autocorrelation shows the relationship between Asia Pacific stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Pacific Wire.
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.When determining whether Asia Pacific Wire offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Asia Pacific's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Asia Pacific Wire Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Asia Pacific Wire Stock:Check out Asia Pacific Correlation, Asia Pacific Volatility and Asia Pacific Alpha and Beta module to complement your research on Asia Pacific. You can also try the Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Asia Pacific technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.