Absolute Clean Correlations
ACE Stock | THB 1.27 0.03 2.31% |
The current 90-days correlation between Absolute Clean Energy and BCPG Public is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Absolute Clean moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Absolute Clean Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Absolute Clean Correlation With Market
Good diversification
The correlation between Absolute Clean Energy and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Absolute Clean Energy and DJI in the same portfolio, assuming nothing else is changed.
Absolute |
The ability to find closely correlated positions to Absolute Clean could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Absolute Clean 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 Absolute Clean - 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 Absolute Clean Energy to buy it.
Moving together with Absolute Stock
0.7 | EA | Energy Absolute Public | PairCorr |
0.64 | ETC | Earth Tech Environment | PairCorr |
0.74 | TSE | Thai Solar Energy | PairCorr |
0.64 | EP | Eastern Power Group | PairCorr |
Moving against Absolute Stock
0.59 | SCB | SCB X Public | PairCorr |
0.42 | UREKA | Eureka Design Public | PairCorr |
0.41 | BTS | BTS Group Holdings | PairCorr |
0.36 | INET | Internet Thailand Public | PairCorr |
0.33 | KBANK | Kasikornbank Public | PairCorr |
0.33 | KBANK-R | Kasikornbank Public | PairCorr |
0.33 | AKR | Ekarat Engineering Public | PairCorr |
0.32 | SCB-R | Siam Commercial | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Absolute Stock performing well and Absolute Clean 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 Absolute Clean'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
---|---|---|---|---|---|---|---|---|---|---|
BCPG | 2.14 | (0.18) | 0.00 | (0.69) | 0.00 | 5.22 | 17.40 | |||
DRT | 0.47 | (0.13) | 0.00 | (3.72) | 0.00 | 0.66 | 2.64 | |||
ETC | 1.82 | (0.69) | 0.00 | (2.97) | 0.00 | 3.70 | 15.85 | |||
TPIPP | 0.50 | (0.08) | 0.00 | 31.40 | 0.00 | 0.68 | 4.05 | |||
EA | 3.28 | (1.04) | 0.00 | 2.37 | 0.00 | 8.25 | 30.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Absolute Clean without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Absolute Clean Corporate Management
Elected by the shareholders, the Absolute Clean's board of directors comprises two types of representatives: Absolute Clean inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Absolute. The board's role is to monitor Absolute Clean's management team and ensure that shareholders' interests are well served. Absolute Clean's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Absolute Clean's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sadudta Navaskul | Vice President - Finance and Accounting | Profile | |
Pranai Suwanrath | Independent Chairman of the board | Profile | |
Peck Tan | CoChief Limited | Profile | |
Patchanee Sutheevitanunt | Independent Director | Profile | |
Jiratha Songmetta | Director | Profile | |
Teerawut Songmetta | Director, Executive Director and Chief Executive Technology and Innovation Officer | Profile | |
Sivis Anantakul | Investor Mang | Profile |