Asia Fiber (Thailand) Market Value
| AFC Stock | THB 3.94 0.04 1.03% |
| Symbol | Asia |
Asia Fiber '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 Fiber'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 Fiber.
| 04/07/2023 |
| 02/25/2025 |
If you would invest 0.00 in Asia Fiber on April 7, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Fiber Public or generate 0.0% return on investment in Asia Fiber over 690 days. Asia Fiber is related to or competes with AJ Plast, Aikchol Hospital, Boutique Newcity, Allianz Ayudhya, and Advanced Information. Asia Fiber Public Company Limited manufactures and sells nylon products in Thailand More
Asia Fiber 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 Fiber'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 Fiber Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.15) | |||
| Maximum Drawdown | 9.43 | |||
| Value At Risk | (3.96) | |||
| Potential Upside | 2.05 |
Asia Fiber Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Fiber's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Fiber's standard deviation. In reality, there are many statistical measures that can use Asia Fiber historical prices to predict the future Asia Fiber's volatility.| Risk Adjusted Performance | (0.10) | |||
| Jensen Alpha | (0.29) | |||
| Total Risk Alpha | (0.28) | |||
| Treynor Ratio | (0.48) |
Asia Fiber Public Backtested Returns
Asia Fiber Public secures Sharpe Ratio (or Efficiency) of -0.16, which signifies that the company had a -0.16 % return per unit of risk over the last 3 months. Asia Fiber Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Fiber's Mean Deviation of 1.35, risk adjusted performance of (0.10), and Standard Deviation of 1.93 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.6, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asia Fiber's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Fiber is expected to be smaller as well. At this point, Asia Fiber Public has a negative expected return of -0.31%. Please make sure to confirm Asia Fiber's standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Asia Fiber Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.35 |
Below average predictability
Asia Fiber Public has below average predictability. Overlapping area represents the amount of predictability between Asia Fiber time series from 7th of April 2023 to 17th of March 2024 and 17th of March 2024 to 25th of February 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 Fiber Public price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Asia Fiber price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.33 |
Asia Fiber Public lagged returns against current returns
Autocorrelation, which is Asia Fiber 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 Fiber's stock expected returns. We can calculate the autocorrelation of Asia Fiber returns to help us make a trade decision. For example, suppose you find that Asia Fiber 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 Fiber 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 Fiber stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Fiber stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Fiber stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Fiber Lagged Returns
When evaluating Asia Fiber's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Fiber stock have on its future price. Asia Fiber 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 Fiber autocorrelation shows the relationship between Asia Fiber stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Fiber Public.
Regressed Prices |
| Timeline |
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Asia Fiber 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 Fiber security.