Asia Plus (Thailand) Market Value
| ASP Stock | THB 2.46 0.04 1.65% |
| Symbol | Asia |
Asia Plus '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 Plus' 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 Plus.
| 12/08/2022 |
| 11/27/2024 |
If you would invest 0.00 in Asia Plus on December 8, 2022 and sell it all today you would earn a total of 0.00 from holding Asia Plus Group or generate 0.0% return on investment in Asia Plus over 720 days. Asia Plus is related to or competes with KGI Securities, Bangkok Bank, Land, Italian Thai, and AP Public. Asia Plus Group Holdings Public Company Limited, together with its subsidiaries, engages in the securities business in T... More
Asia Plus 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 Plus' 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 Plus Group upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.31 | |||
| Information Ratio | (0.05) | |||
| Maximum Drawdown | 11.57 | |||
| Value At Risk | (1.68) | |||
| Potential Upside | 1.65 |
Asia Plus Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Plus' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Plus' standard deviation. In reality, there are many statistical measures that can use Asia Plus historical prices to predict the future Asia Plus' volatility.| Risk Adjusted Performance | 0.0258 | |||
| Jensen Alpha | 0.0438 | |||
| Total Risk Alpha | (0.23) | |||
| Sortino Ratio | (0.07) | |||
| Treynor Ratio | (0.43) |
Asia Plus Group Backtested Returns
As of now, Asia Stock is moderately volatile. Asia Plus Group secures Sharpe Ratio (or Efficiency) of 0.0556, which signifies that the company had a 0.0556% return per unit of risk over the last 3 months. We have found thirty technical indicators for Asia Plus Group, which you can use to evaluate the volatility of the firm. Please confirm Asia Plus' Mean Deviation of 1.04, downside deviation of 1.31, and Risk Adjusted Performance of 0.0258 to double-check if the risk estimate we provide is consistent with the expected return of 0.0927%. Asia Plus has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.079, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asia Plus are expected to decrease at a much lower rate. During the bear market, Asia Plus is likely to outperform the market. Asia Plus Group right now shows a risk of 1.67%. Please confirm Asia Plus Group standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Asia Plus Group will be following its price patterns.
Auto-correlation | 0.12 |
Insignificant predictability
Asia Plus Group has insignificant predictability. Overlapping area represents the amount of predictability between Asia Plus time series from 8th of December 2022 to 3rd of December 2023 and 3rd of December 2023 to 27th 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 Plus Group price movement. The serial correlation of 0.12 indicates that less than 12.0% of current Asia Plus price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.12 | |
| Spearman Rank Test | 0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.02 |
Asia Plus Group lagged returns against current returns
Autocorrelation, which is Asia Plus 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 Plus' stock expected returns. We can calculate the autocorrelation of Asia Plus returns to help us make a trade decision. For example, suppose you find that Asia Plus 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 Plus 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 Plus stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Plus stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Plus stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Plus Lagged Returns
When evaluating Asia Plus' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Plus stock have on its future price. Asia Plus 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 Plus autocorrelation shows the relationship between Asia Plus stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Plus Group.
Regressed Prices |
| Timeline |
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Asia Plus 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 Plus security.