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.
  
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

  0.7EA Energy Absolute PublicPairCorr
  0.64ETC Earth Tech EnvironmentPairCorr
  0.74TSE Thai Solar EnergyPairCorr
  0.64EP Eastern Power GroupPairCorr

Moving against Absolute Stock

  0.59SCB SCB X PublicPairCorr
  0.42UREKA Eureka Design PublicPairCorr
  0.41BTS BTS Group HoldingsPairCorr
  0.36INET Internet Thailand PublicPairCorr
  0.33KBANK Kasikornbank PublicPairCorr
  0.33KBANK-R Kasikornbank PublicPairCorr
  0.33AKR Ekarat Engineering PublicPairCorr
  0.32SCB-R Siam CommercialPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

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.

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?

Run Bonds Directory Now

   

Bonds Directory

Find actively traded corporate debentures issued by US companies
All  Next Launch Module

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 NavaskulVice President - Finance and AccountingProfile
Pranai SuwanrathIndependent Chairman of the boardProfile
Peck TanCoChief LimitedProfile
Patchanee SutheevitanuntIndependent DirectorProfile
Jiratha SongmettaDirectorProfile
Teerawut SongmettaDirector, Executive Director and Chief Executive Technology and Innovation OfficerProfile
Sivis AnantakulInvestor MangProfile