Asia Pacific Related Correlations

POLY Stock  IDR 45.00  5.00  10.00%   
Generate correlation matrix for Asia Pacific and other related equities to check the degree to which Asia Pacific Fibers price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Asia Pacific Fibers. To filter out specific equities, please toggle its corresponding legend item. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Asia Pacific Fibers. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Please note, there is a significant difference between Asia Pacific's value and its price as these two are different measures arrived at by different means. Investors typically determine if Asia Pacific is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asia Pacific's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

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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   
TAMUBIPI
TAMUMDKA
TAMUBRMS
INCOBRMS
BIPIBRMS
MDKABIPI
  
High negative correlations   
BIPIITMA
BBRMADMR
ADMRBRMS
INCOADMR
TAMUITMA
ADMRITMA

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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
ITMA  4.25  0.90  0.15 (3.15) 3.62 
 15.44 
 31.37 
BRMS  1.70 (0.20) 0.00  1.22  0.00 
 3.57 
 10.75 
BIPI  1.40 (0.29) 0.00  2.53  0.00 
 2.50 
 14.84 
MDKA  2.13 (0.03)(0.05) 0.00  2.34 
 5.53 
 19.61 
TAMU  1.04 (0.34) 0.00 (0.11) 0.00 
 0.00 
 25.00 
BYAN  0.54 (0.01) 0.00  0.19  0.00 
 1.43 
 5.78 
TPIA  4.50  0.44  0.05  1.86  6.44 
 11.66 
 44.53 
ADMR  2.20  0.03  0.00  0.08  0.00 
 5.06 
 16.20 
BBRM  1.72  0.24  0.03 (0.39) 1.64 
 4.29 
 16.91 
INCO  1.83 (0.08) 0.00 (0.08) 0.00 
 4.34 
 18.68