Asia Pacific Wire Stock Market Value
| APWC Stock | USD 1.37 0.02 1.48% |
| Symbol | Asia |
Asia Pacific Wire Price To Book Ratio
Is Asia Pacific's industry 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 0.172 | Earnings Share 0.21 | Revenue Per Share 20.243 | Quarterly Revenue Growth (0.03) | Return On Assets 0.0067 |
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.
| 02/24/2024 |
| 04/24/2024 |
If you would invest 0.00 in Asia Pacific on February 24, 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 60 days. Asia Pacific is related to or competes with Advanced Energy, Acuity Brands, Enersys, NVent Electric, Kimball Electronics, Hubbell, and Vertiv Holdings. 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.
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 13.18 | |||
| Value At Risk | (4.41) | |||
| Potential Upside | 3.85 |
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) | |||
| Jensen Alpha | 0.0296 | |||
| Total Risk Alpha | (0.40) | |||
| Treynor Ratio | 0.0552 |
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
We consider Asia Pacific very risky. Asia Pacific Wire secures Sharpe Ratio (or Efficiency) of 0.0217, which signifies that the company had a 0.0217% return per unit of risk over the last 3 months. We have found twenty-one technical indicators for Asia Pacific Wire, which you can use to evaluate the volatility of the firm. Please confirm Asia Pacific's Mean Deviation of 1.84, standard deviation of 2.52, and Risk Adjusted Performance of (0) to double-check if the risk estimate we provide is consistent with the expected return of 0.0546%. Asia Pacific has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.98, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Asia Pacific are expected to decrease slowly. On the other hand, during market turmoil, Asia Pacific is expected to outperform it slightly. Asia Pacific Wire right now shows a risk of 2.52%. Please confirm Asia Pacific Wire jensen alpha, as well as the relationship between the skewness and day median price , to decide if Asia Pacific Wire will be following its price patterns.
Auto-correlation | 0.29 |
Poor predictability
Asia Pacific Wire has poor predictability. Overlapping area represents the amount of predictability between Asia Pacific time series from 24th of February 2024 to 25th of March 2024 and 25th of March 2024 to 24th of April 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 0.29 indicates that nearly 29.0% of current Asia Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.29 | |
| Spearman Rank Test | 0.43 | |
| 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 |
Pair Trading with Asia Pacific
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asia Pacific position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asia Pacific will appreciate offsetting losses from the drop in the long position's value.Moving against Asia Stock
| 0.48 | ELVA | Electrovaya Common Shares | PairCorr |
The ability to find closely correlated positions to Asia Pacific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Pacific when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asia Pacific - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asia Pacific Wire to buy it.
The correlation of Asia Pacific is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asia Pacific moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Pacific Wire moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asia Pacific can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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 Global Correlations module to find global opportunities by holding instruments from different markets.
Complementary Tools for Asia Stock analysis
When running Asia Pacific's price analysis, check to measure Asia Pacific's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asia Pacific is operating at the current time. Most of Asia Pacific's value examination focuses on studying past and present price action to predict the probability of Asia Pacific's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Pacific's price. Additionally, you may evaluate how the addition of Asia Pacific to your portfolios can decrease your overall portfolio volatility.
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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.