Asia Green (Thailand) Market Value
| AGE Stock | THB 1.23 0.01 0.82% |
| Symbol | Asia |
Asia Green '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 Green'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 Green.
| 12/29/2023 |
| 11/23/2024 |
If you would invest 0.00 in Asia Green on December 29, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Green Energy or generate 0.0% return on investment in Asia Green over 330 days. Asia Green is related to or competes with Union Petrochemical, Eureka Design, Winner Group, and Ubis Public. Asia Green Energy Public Company Limited imports, distributes, and sells bituminous coal for industrial use in Thailand ... More
Asia Green 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 Green'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 Green Energy upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 2.06 | |||
| Information Ratio | (0.06) | |||
| Maximum Drawdown | 16.62 | |||
| Value At Risk | (1.94) | |||
| Potential Upside | 3.33 |
Asia Green Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Green's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Green's standard deviation. In reality, there are many statistical measures that can use Asia Green historical prices to predict the future Asia Green's volatility.| Risk Adjusted Performance | 0.0096 | |||
| Jensen Alpha | (0.02) | |||
| Total Risk Alpha | (0.33) | |||
| Sortino Ratio | (0.06) | |||
| Treynor Ratio | (0.01) |
Asia Green Energy Backtested Returns
Asia Green is out of control given 3 months investment horizon. Asia Green 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 thirty different technical indicators, which can help you to evaluate if expected returns of 14.06% are justified by taking the suggested risk. Use Asia Green Risk Adjusted Performance of 0.0096, downside deviation of 2.06, and Mean Deviation of 1.13 to evaluate company specific risk that cannot be diversified away. Asia Green holds a performance score of 8 on a scale of zero to a hundred. The firm shows a Beta (market volatility) of 0.14, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Asia Green's returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Green is expected to be smaller as well. Use Asia Green standard deviation, total risk alpha, and the relationship between the coefficient of variation and jensen alpha , to analyze future returns on Asia Green.
Auto-correlation | -0.28 |
Weak reverse predictability
Asia Green Energy has weak reverse predictability. Overlapping area represents the amount of predictability between Asia Green time series from 29th of December 2023 to 11th of June 2024 and 11th of June 2024 to 23rd 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 Asia Green Energy price movement. The serial correlation of -0.28 indicates that nearly 28.0% of current Asia Green price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.28 | |
| Spearman Rank Test | -0.07 | |
| Residual Average | 0.0 | |
| Price Variance | 0.04 |
Asia Green Energy lagged returns against current returns
Autocorrelation, which is Asia Green 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 Green's stock expected returns. We can calculate the autocorrelation of Asia Green returns to help us make a trade decision. For example, suppose you find that Asia Green 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 Green 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 Green stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Green stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Green stock over time.
Current vs Lagged Prices |
| Timeline |
Asia Green Lagged Returns
When evaluating Asia Green's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Green stock have on its future price. Asia Green 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 Green autocorrelation shows the relationship between Asia Green stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Green Energy.
Regressed Prices |
| Timeline |
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Asia Green financial ratios help investors to determine whether Asia 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 Asia with respect to the benefits of owning Asia Green security.