Asia Polymer (Taiwan) Market Value
| 1308 Stock | TWD 15.70 0.40 2.48% |
| Symbol | Asia |
Asia Polymer '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 Polymer'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 Polymer.
| 12/14/2022 |
| 12/03/2024 |
If you would invest 0.00 in Asia Polymer on December 14, 2022 and sell it all today you would earn a total of 0.00 from holding Asia Polymer Corp or generate 0.0% return on investment in Asia Polymer over 720 days. Asia Polymer is related to or competes with Formosa Petrochemical, and Cathay Financial. Asia Polymer Corporation primarily designs, develops, manufactures, and sells polyethylene resins in Taiwan and internat... More
Asia Polymer 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 Polymer'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 Polymer Corp upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.11) | |||
| Maximum Drawdown | 15.86 | |||
| Value At Risk | (4.21) | |||
| Potential Upside | 5.17 |
Asia Polymer Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Polymer's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Polymer's standard deviation. In reality, there are many statistical measures that can use Asia Polymer historical prices to predict the future Asia Polymer's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.22) | |||
| Total Risk Alpha | (0.55) | |||
| Treynor Ratio | (0.31) |
Asia Polymer Corp Backtested Returns
Asia Polymer Corp secures Sharpe Ratio (or Efficiency) of -0.0143, which signifies that the company had a -0.0143% return per unit of risk over the last 3 months. Asia Polymer Corp exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Polymer's Standard Deviation of 2.62, mean deviation of 1.74, and Risk Adjusted Performance of (0.04) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.53, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asia Polymer's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Polymer is expected to be smaller as well. At this point, Asia Polymer Corp has a negative expected return of -0.0369%. Please make sure to confirm Asia Polymer's mean deviation, standard deviation, total risk alpha, as well as the relationship between the coefficient of variation and jensen alpha , to decide if Asia Polymer Corp performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.75 |
Good predictability
Asia Polymer Corp has good predictability. Overlapping area represents the amount of predictability between Asia Polymer time series from 14th of December 2022 to 9th of December 2023 and 9th of December 2023 to 3rd of December 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 Polymer Corp price movement. The serial correlation of 0.75 indicates that around 75.0% of current Asia Polymer price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.75 | |
| Spearman Rank Test | 0.69 | |
| Residual Average | 0.0 | |
| Price Variance | 5.0 |
Asia Polymer Corp lagged returns against current returns
Autocorrelation, which is Asia Polymer 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 Polymer's stock expected returns. We can calculate the autocorrelation of Asia Polymer returns to help us make a trade decision. For example, suppose you find that Asia Polymer 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 Polymer 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 Polymer stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Polymer stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Polymer stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Polymer Lagged Returns
When evaluating Asia Polymer's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Polymer stock have on its future price. Asia Polymer 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 Polymer autocorrelation shows the relationship between Asia Polymer stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Polymer Corp.
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 Polymer's price analysis, check to measure Asia Polymer'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 Polymer is operating at the current time. Most of Asia Polymer's value examination focuses on studying past and present price action to predict the probability of Asia Polymer'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 Polymer's price. Additionally, you may evaluate how the addition of Asia Polymer to your portfolios can decrease your overall portfolio volatility.