Absolute Clean (Thailand) Market Value
| ACE Stock | THB 1.29 0.01 0.77% |
| Symbol | Absolute |
Absolute Clean '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 Absolute Clean'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 Absolute Clean.
| 10/26/2024 |
| 11/25/2024 |
If you would invest 0.00 in Absolute Clean on October 26, 2024 and sell it all today you would earn a total of 0.00 from holding Absolute Clean Energy or generate 0.0% return on investment in Absolute Clean over 30 days. Absolute Clean is related to or competes with BCPG Public, CK Power, and TPI Polene. Absolute Clean Energy Public Company Limited, together with its subsidiaries, operates biomass, municipal solid waste, n... More
Absolute Clean 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 Absolute Clean'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 Absolute Clean Energy upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.17) | |||
| Maximum Drawdown | 5.76 | |||
| Value At Risk | (2.03) | |||
| Potential Upside | 2.11 |
Absolute Clean Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Absolute Clean's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Absolute Clean's standard deviation. In reality, there are many statistical measures that can use Absolute Clean historical prices to predict the future Absolute Clean's volatility.| Risk Adjusted Performance | (0.04) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.27) | |||
| Treynor Ratio | 0.529 |
Absolute Clean Energy Backtested Returns
Absolute Clean is out of control given 3 months investment horizon. Absolute Clean Energy secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that the company had a 0.11% return per unit of risk over the last 3 months. We were able to analyze and collect data for twenty-four different technical indicators, which can help you to evaluate if expected returns of 14.16% are justified by taking the suggested risk. Use Absolute Clean Standard Deviation of 1.21, mean deviation of 0.9057, and Risk Adjusted Performance of (0.04) to evaluate company specific risk that cannot be diversified away. Absolute Clean holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of -0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Absolute Clean are expected to decrease at a much lower rate. During the bear market, Absolute Clean is likely to outperform the market. Use Absolute Clean treynor ratio, value at risk, skewness, as well as the relationship between the maximum drawdown and potential upside , to analyze future returns on Absolute Clean.
Auto-correlation | 0.33 |
Below average predictability
Absolute Clean Energy has below average predictability. Overlapping area represents the amount of predictability between Absolute Clean time series from 26th of October 2024 to 10th of November 2024 and 10th of November 2024 to 25th of November 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 Absolute Clean Energy price movement. The serial correlation of 0.33 indicates that nearly 33.0% of current Absolute Clean price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.33 | |
| Spearman Rank Test | -0.36 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
Absolute Clean Energy lagged returns against current returns
Autocorrelation, which is Absolute Clean 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 Absolute Clean's stock expected returns. We can calculate the autocorrelation of Absolute Clean returns to help us make a trade decision. For example, suppose you find that Absolute Clean 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 |
Absolute Clean 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 Absolute Clean stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Absolute Clean stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Absolute Clean stock over time.
Current vs Lagged Prices |
| Timeline |
Absolute Clean Lagged Returns
When evaluating Absolute Clean's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Absolute Clean stock have on its future price. Absolute Clean 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, Absolute Clean autocorrelation shows the relationship between Absolute Clean stock current value and its past values and can show if there is a momentum factor associated with investing in Absolute Clean Energy.
Regressed Prices |
| Timeline |
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Absolute Clean financial ratios help investors to determine whether Absolute 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 Absolute with respect to the benefits of owning Absolute Clean security.