Asia Pacific (Korea) Market Value
| 211270 Stock | KRW 13,170 350.00 2.59% |
| 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.
| 01/20/2023 |
| 01/09/2025 |
If you would invest 0.00 in Asia Pacific on January 20, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Pacific Satellite or generate 0.0% return on investment in Asia Pacific over 720 days. Asia Pacific is related to or competes with Alphabet, Kmw, Starbucks, Busan Industrial, UNISEM, Finebesteel, and Shinhan Inverse. 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 Satellite upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 3.3 | |||
| Information Ratio | 0.083 | |||
| Maximum Drawdown | 39.84 | |||
| Value At Risk | (5.00) | |||
| Potential Upside | 6.57 |
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 | 0.0767 | |||
| Jensen Alpha | 0.4242 | |||
| Total Risk Alpha | 0.4276 | |||
| Sortino Ratio | 0.1286 | |||
| Treynor Ratio | 1.81 |
Asia Pacific Satellite Backtested Returns
Asia Pacific appears to be very steady, given 3 months investment horizon. Asia Pacific Satellite secures Sharpe Ratio (or Efficiency) of 0.0906, which signifies that the company had a 0.0906% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asia Pacific Satellite, which you can use to evaluate the volatility of the firm. Please makes use of Asia Pacific's Mean Deviation of 3.15, downside deviation of 3.3, and Risk Adjusted Performance of 0.0767 to double-check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Asia Pacific holds a performance score of 7. The firm shows a Beta (market volatility) of 0.23, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Pacific's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Pacific is expected to be smaller as well. Please check Asia Pacific's mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to make a quick decision on whether Asia Pacific's price patterns will revert.
Auto-correlation | 0.55 |
Modest predictability
Asia Pacific Satellite has modest predictability. Overlapping area represents the amount of predictability between Asia Pacific time series from 20th of January 2023 to 15th of January 2024 and 15th of January 2024 to 9th of January 2025. 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 Satellite price movement. The serial correlation of 0.55 indicates that about 55.0% of current Asia Pacific price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.55 | |
| Spearman Rank Test | 0.41 | |
| Residual Average | 0.0 | |
| Price Variance | 6.4 M |
Asia Pacific Satellite 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 Satellite.
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 together with Asia Stock
Moving against Asia Stock
| 0.68 | 293780 | AptaBio Therapeutics | PairCorr |
| 0.63 | 336260 | Doosan Fuel Cell | PairCorr |
| 0.43 | 187870 | DeviceENGCOLtd | PairCorr |
| 0.31 | 215480 | Daewoo SBI SPAC | PairCorr |
| 0.31 | 106240 | Finetechnix CoLtd | 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 Satellite 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 Satellite 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.Other Information on Investing in Asia Stock
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.