Asia Pacific (Indonesia) Market Value
| POLY Stock | IDR 18.00 1.00 5.88% |
| Symbol | Asia |
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.
| 10/24/2024 |
| 11/23/2024 |
If you would invest 0.00 in Asia Pacific on October 24, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Pacific Fibers or generate 0.0% return on investment in Asia Pacific over 30 days. Asia Pacific is related to or competes with PT Sreeya, Multistrada Arah, Polychem Indonesia, and Pan Brothers. PT Asia Pacific Fibers Tbk, together with its subsidiaries, engages in the chemical and synthetic fiber manufacturing, w... 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 Fibers upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 19.68 | |||
| Value At Risk | (7.41) | |||
| Potential Upside | 8.0 |
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 | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.84) | |||
| Treynor Ratio | 0.5465 |
Asia Pacific Fibers Backtested Returns
Asia Pacific Fibers secures Sharpe Ratio (or Efficiency) of -0.0156, which signifies that the company had a -0.0156% return per unit of risk over the last 3 months. Asia Pacific Fibers exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Pacific's Mean Deviation of 3.03, standard deviation of 4.39, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.27, which signifies not very significant fluctuations relative to the market. 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. At this point, Asia Pacific Fibers has a negative expected return of -0.0689%. Please make sure to confirm Asia Pacific's information ratio, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Asia Pacific Fibers performance from the past will be repeated at some point in the near future.
Auto-correlation | -0.85 |
Excellent reverse predictability
Asia Pacific Fibers has excellent reverse predictability. Overlapping area represents the amount of predictability between Asia Pacific 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 Asia Pacific Fibers price movement. The serial correlation of -0.85 indicates that around 85.0% of current Asia Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.85 | |
| Spearman Rank Test | -0.76 | |
| Residual Average | 0.0 | |
| Price Variance | 1.16 |
Asia Pacific Fibers 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 Fibers.
Regressed Prices |
| Timeline |
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Asia Pacific 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 Pacific security.