Asia Plastic (Taiwan) Market Value
| 1337 Stock | TWD 7.70 0.05 0.65% |
| 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.
| 03/30/2024 |
| 04/29/2024 |
If you would invest 0.00 in Asia Plastic on March 30, 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 Victory New, Hunya Foods, YCC Parts, Kwong Fong, and Kaulin Mfg. 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.
| Downside Deviation | 1.32 | |||
| Information Ratio | (0.01) | |||
| Maximum Drawdown | 7.18 | |||
| Value At Risk | (1.83) | |||
| Potential Upside | 2.43 |
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 | 0.0355 | |||
| Jensen Alpha | 0.0413 | |||
| Total Risk Alpha | (0.12) | |||
| Sortino Ratio | (0.02) | |||
| Treynor Ratio | 0.2753 |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asia Plastic's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Asia Plastic Recycling Backtested Returns
We consider Asia Plastic not too volatile. Asia Plastic Recycling secures Sharpe Ratio (or Efficiency) of 0.0764, which signifies that the company had a 0.0764% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Asia Plastic Recycling, which you can use to evaluate the volatility of the firm. Please confirm Asia Plastic's Downside Deviation of 1.32, risk adjusted performance of 0.0355, and Mean Deviation of 0.9814 to double-check if the risk estimate we provide is consistent with the expected return of 0.11%. Asia Plastic has a performance score of 5 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.21, 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. Asia Plastic Recycling right now shows a risk of 1.47%. Please confirm Asia Plastic Recycling mean deviation, downside deviation, standard deviation, as well as the relationship between the semi deviation and coefficient of variation , to decide if Asia Plastic Recycling will be following its price patterns.
Auto-correlation | 0.68 |
Good predictability
Asia Plastic Recycling has good predictability. Overlapping area represents the amount of predictability between Asia Plastic time series from 30th of March 2024 to 14th of April 2024 and 14th of April 2024 to 29th of April 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 0.68 indicates that around 68.0% of current Asia Plastic price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.68 | |
| Spearman Rank Test | 0.53 | |
| Residual Average | 0.0 | |
| Price Variance | 0.05 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Asia Plastic in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Asia Plastic's short interest history, or implied volatility extrapolated from Asia Plastic options trading.
Thematic Opportunities
Explore Investment Opportunities
Check out Asia Plastic Correlation, Asia Plastic Volatility and Asia Plastic Alpha and Beta module to complement your research on Asia Plastic. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Complementary 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.
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Asia Plastic technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.