Asia Pacific Correlations
| APWC Stock | USD 1.94 0.03 1.52% |
The current 90-days correlation between Asia Pacific Wire and Tantalus Systems Holding is -0.16 (i.e., Good diversification). 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Asia Pacific Correlation With Market
Significant diversification
The correlation between Asia Pacific Wire and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asia Pacific Wire and DJI in the same portfolio, assuming nothing else is changed.
Asia |
Moving together with Asia Stock
| 0.72 | BE | Bloom Energy Corp | PairCorr |
| 0.64 | AYI | Acuity Brands | PairCorr |
| 0.69 | EAF | GrafTech International | PairCorr |
| 0.79 | FREY | FREYR Battery SA | PairCorr |
| 0.71 | VRT | Vertiv Holdings | PairCorr |
| 0.74 | HAYW | Hayward Holdings | PairCorr |
| 0.61 | MVST | Microvast Holdings | PairCorr |
| 0.73 | NEOV | NeoVolta Common Stock Potential Growth | PairCorr |
| 0.66 | MVSTW | Microvast Holdings | PairCorr |
| 0.75 | PLPC | Preformed Line Products | PairCorr |
Moving against Asia Stock
| 0.81 | ELPW | Elong Power Holding | PairCorr |
| 0.78 | FLUX | Flux Power Holdings | PairCorr |
| 0.72 | EPOW | Sunrise New Energy | PairCorr |
| 0.62 | FCEL | FuelCell Energy Trending | PairCorr |
| 0.45 | ENS | Enersys | PairCorr |
| 0.8 | LSCG | Lighting Science | PairCorr |
| 0.78 | TMTCU | TMT Acquisition Corp | PairCorr |
| 0.66 | IPWR | Ideal Power | PairCorr |
| 0.51 | HOKUQ | Hoku | PairCorr |
| 0.49 | XPON | Expion360 | PairCorr |
| 0.34 | EOSEW | Eos Energy Enterprises | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Asia Stock performing well and Asia Pacific Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Asia Pacific's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TNTLF | 0.54 | 0.07 | 0.00 | 0.42 | 0.00 | 0.00 | 10.09 | |||
| HYEG | 37.17 | 21.56 | 0.00 | (0.55) | 0.00 | 20.00 | 1,093 | |||
| AXPWQ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ABHBY | 0.95 | (0.53) | 0.00 | (1.82) | 0.00 | 0.00 | 16.47 | |||
| LGRDY | 1.11 | (0.24) | 0.00 | (0.22) | 0.00 | 1.75 | 9.17 | |||
| ENVX | 4.29 | (0.34) | (0.02) | 0.00 | 5.55 | 9.59 | 34.07 | |||
| DFLI | 3.80 | (0.58) | 0.00 | (0.32) | 0.00 | 7.21 | 38.04 | |||
| SLDP | 2.44 | (0.52) | 0.00 | (0.23) | 0.00 | 5.45 | 19.18 | |||
| FREY | 5.56 | 0.41 | 0.19 | 0.17 | 4.86 | 13.17 | 79.43 |
Asia Pacific Corporate Management
| ChunTang MS | CEO Director | Profile | |
| Daphne Hsu | Financial Controller | Profile | |
| Cody Wu | Chief Officer | Profile | |
| Wei Gong | Chief Officer | Profile | |
| Ivan Hsia | Executive Officer | Profile |