Asia Biomass (Thailand) Market Value

ABM Stock  THB 1.08  0.03  2.70%   
Asia Biomass' market value is the price at which a share of Asia Biomass trades on a public exchange. It measures the collective expectations of Asia Biomass Public investors about its performance. Asia Biomass is selling for 1.08 as of the 28th of December 2024. This is a 2.7 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 1.06.
With this module, you can estimate the performance of a buy and hold strategy of Asia Biomass Public and determine expected loss or profit from investing in Asia Biomass over a given investment horizon. Check out Asia Biomass Correlation, Asia Biomass Volatility and Asia Biomass Alpha and Beta module to complement your research on Asia Biomass.
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Please note, there is a significant difference between Asia Biomass' value and its price as these two are different measures arrived at by different means. Investors typically determine if Asia Biomass is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Asia Biomass' 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.

Asia Biomass '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 Biomass' 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 Biomass.
0.00
01/08/2023
No Change 0.00  0.0 
In 1 year 11 months and 21 days
12/28/2024
0.00
If you would invest  0.00  in Asia Biomass on January 8, 2023 and sell it all today you would earn a total of 0.00 from holding Asia Biomass Public or generate 0.0% return on investment in Asia Biomass over 720 days. Asia Biomass is related to or competes with Akkhie Prakarn, AIRA Factoring, G Capital, and Asia Green. Asia Biomass Public Company Limited, through its subsidiaries, trades in biomass in Asia More

Asia Biomass 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 Biomass' 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 Biomass Public upside and downside potential and time the market with a certain degree of confidence.

Asia Biomass Market Risk Indicators

Today, many novice investors tend to focus exclusively on investment returns with little concern for Asia Biomass' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Asia Biomass' standard deviation. In reality, there are many statistical measures that can use Asia Biomass historical prices to predict the future Asia Biomass' volatility.
Hype
Prediction
LowEstimatedHigh
0.051.082.95
Details
Intrinsic
Valuation
LowRealHigh
0.050.962.83
Details

Asia Biomass Public Backtested Returns

Asia Biomass Public secures Sharpe Ratio (or Efficiency) of -0.13, which signifies that the company had a -0.13% return per unit of risk over the last 3 months. Asia Biomass Public exposes twenty-two different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Biomass' Mean Deviation of 1.06, standard deviation of 1.83, and Risk Adjusted Performance of (0.09) to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of -0.18, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Asia Biomass are expected to decrease at a much lower rate. During the bear market, Asia Biomass is likely to outperform the market. At this point, Asia Biomass Public has a negative expected return of -0.23%. Please make sure to confirm Asia Biomass' jensen alpha, treynor ratio, and the relationship between the information ratio and total risk alpha , to decide if Asia Biomass Public performance from the past will be repeated at some point in the near future.

Auto-correlation

    
  0.07  

Virtually no predictability

Asia Biomass Public has virtually no predictability. Overlapping area represents the amount of predictability between Asia Biomass time series from 8th of January 2023 to 3rd of January 2024 and 3rd of January 2024 to 28th of December 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 Biomass Public price movement. The serial correlation of 0.07 indicates that barely 7.0% of current Asia Biomass price fluctuation can be explain by its past prices.
Correlation Coefficient0.07
Spearman Rank Test0.25
Residual Average0.0
Price Variance0.02

Asia Biomass Public lagged returns against current returns

Autocorrelation, which is Asia Biomass 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 Biomass' stock expected returns. We can calculate the autocorrelation of Asia Biomass returns to help us make a trade decision. For example, suppose you find that Asia Biomass 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 Biomass 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 Biomass stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Asia Biomass stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Asia Biomass stock over time.
   Current vs Lagged Prices   
       Timeline  

Asia Biomass Lagged Returns

When evaluating Asia Biomass' market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Asia Biomass stock have on its future price. Asia Biomass 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 Biomass autocorrelation shows the relationship between Asia Biomass stock current value and its past values and can show if there is a momentum factor associated with investing in Asia Biomass Public.
   Regressed Prices   
       Timeline  

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Other Information on Investing in Asia Stock

Asia Biomass 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 Biomass security.