Asia Plastic (Taiwan) Market Value
| 1337 Stock | TWD 6.92 0.04 0.58% |
| Symbol | Asia |
Asia Plastic '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 Plastic'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 Plastic.
| 10/31/2024 |
| 11/30/2024 |
If you would invest 0.00 in Asia Plastic on October 31, 2024 and sell it all today you would earn a total of 0.00 from holding Asia Plastic Recycling or generate 0.0% return on investment in Asia Plastic over 30 days. Asia Plastic is related to or competes with Basso Industry, Chung Hsin, TYC Brother, TECO Electric, and China General. Asia Plastic Recycling Holding Limited engages in the waste plastic scrap recycling business in China More
Asia Plastic 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 Plastic'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 Plastic Recycling upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.14) | |||
| Maximum Drawdown | 7.05 | |||
| Value At Risk | (2.27) | |||
| Potential Upside | 2.28 |
Asia Plastic Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Plastic's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Plastic's standard deviation. In reality, there are many statistical measures that can use Asia Plastic historical prices to predict the future Asia Plastic's volatility.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.05) | |||
| Total Risk Alpha | (0.25) | |||
| Treynor Ratio | (0.42) |
Asia Plastic Recycling Backtested Returns
Asia Plastic Recycling secures Sharpe Ratio (or Efficiency) of -0.0328, which signifies that the company had a -0.0328% return per unit of risk over the last 3 months. Asia Plastic Recycling exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Plastic's Standard Deviation of 1.24, mean deviation of 0.8526, and Risk Adjusted Performance of (0.02) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.0981, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Plastic's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Plastic is expected to be smaller as well. At this point, Asia Plastic Recycling has a negative expected return of -0.0412%. Please make sure to confirm Asia Plastic's standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to decide if Asia Plastic Recycling performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.36 |
Below average predictability
Asia Plastic Recycling has below average predictability. Overlapping area represents the amount of predictability between Asia Plastic time series from 31st of October 2024 to 15th of November 2024 and 15th of November 2024 to 30th 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 Plastic Recycling price movement. The serial correlation of 0.36 indicates that just about 36.0% of current Asia Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.36 | |
| Spearman Rank Test | 0.35 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Asia Plastic Recycling lagged returns against current returns
Autocorrelation, which is Asia Plastic 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 Plastic's stock expected returns. We can calculate the autocorrelation of Asia Plastic returns to help us make a trade decision. For example, suppose you find that Asia Plastic 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 Plastic 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 Plastic stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Plastic stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Plastic stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Plastic Lagged Returns
When evaluating Asia Plastic's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Plastic stock have on its future price. Asia Plastic 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 Plastic autocorrelation shows the relationship between Asia Plastic stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Plastic Recycling.
Regressed Prices |
| Timeline |
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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.Additional Tools for Asia Stock Analysis
When running Asia Plastic's price analysis, check to measure Asia Plastic'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 Plastic is operating at the current time. Most of Asia Plastic's value examination focuses on studying past and present price action to predict the probability of Asia Plastic'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 Plastic's price. Additionally, you may evaluate how the addition of Asia Plastic to your portfolios can decrease your overall portfolio volatility.