ABSOLUTE CLEAN (Thailand) Market Value
| ACE-R Stock | THB 1.31 0.05 3.97% |
| 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.
| 12/30/2024 |
| 02/28/2025 |
If you would invest 0.00 in ABSOLUTE CLEAN on December 30, 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 60 days. ABSOLUTE CLEAN is related to or competes with Absolute Clean, Super Energy, TPI Polene, and CK Power. 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.
| Downside Deviation | 1.02 | |||
| Information Ratio | 0.0324 | |||
| Maximum Drawdown | 5.41 | |||
| Value At Risk | (0.79) | |||
| Potential Upside | 0.8 |
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 | 0.0155 | |||
| Jensen Alpha | 0.0168 | |||
| Total Risk Alpha | 0.0358 | |||
| Sortino Ratio | 0.0292 | |||
| Treynor Ratio | 0.016 |
ABSOLUTE CLEAN ENERGY Backtested Returns
At this point, ABSOLUTE CLEAN is slightly risky. ABSOLUTE CLEAN ENERGY secures Sharpe Ratio (or Efficiency) of 0.0183, which signifies that the company had a 0.0183 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for ABSOLUTE CLEAN ENERGY, which you can use to evaluate the volatility of the entity. Please confirm ABSOLUTE CLEAN's Coefficient Of Variation of 5463.39, mean deviation of 0.4658, and Semi Deviation of 0.5058 to double-check if the risk estimate we provide is consistent with the expected return of 0.0169%. ABSOLUTE CLEAN has a performance score of 1 on a scale of 0 to 100. The firm shows a Beta (market volatility) of 0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, ABSOLUTE CLEAN's returns are expected to increase less than the market. However, during the bear market, the loss of holding ABSOLUTE CLEAN is expected to be smaller as well. ABSOLUTE CLEAN ENERGY at this time shows a risk of 0.92%. Please confirm ABSOLUTE CLEAN ENERGY semi variance, rate of daily change, and the relationship between the value at risk and kurtosis , to decide if ABSOLUTE CLEAN ENERGY will be following its price patterns.
Auto-correlation | -0.09 |
Very weak reverse predictability
ABSOLUTE CLEAN ENERGY has very weak reverse predictability. Overlapping area represents the amount of predictability between ABSOLUTE CLEAN time series from 30th of December 2024 to 29th of January 2025 and 29th of January 2025 to 28th of February 2025. 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 -0.09 indicates that less than 9.0% of current ABSOLUTE CLEAN price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.09 | |
| Spearman Rank Test | -0.24 | |
| 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.