ABSOLUTE CLEAN (Thailand) Market Value

ACE-R Stock  THB 1.31  0.05  3.97%   
ABSOLUTE CLEAN's market value is the price at which a share of ABSOLUTE CLEAN trades on a public exchange. It measures the collective expectations of ABSOLUTE CLEAN ENERGY investors about its performance. ABSOLUTE CLEAN is trading at 1.31 as of the 28th of February 2025, a 3.97% up since the beginning of the trading day. The stock's open price was 1.26.
With this module, you can estimate the performance of a buy and hold strategy of ABSOLUTE CLEAN ENERGY and determine expected loss or profit from investing in ABSOLUTE CLEAN over a given investment horizon. Check out ABSOLUTE CLEAN Correlation, ABSOLUTE CLEAN Volatility and ABSOLUTE CLEAN Alpha and Beta module to complement your research on ABSOLUTE CLEAN.
Symbol

Please note, there is a significant difference between ABSOLUTE CLEAN's value and its price as these two are different measures arrived at by different means. Investors typically determine if ABSOLUTE CLEAN is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ABSOLUTE CLEAN's 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.

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.
0.00
12/30/2024
No Change 0.00  0.0 
In 2 months and 2 days
02/28/2025
0.00
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.

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.
Hype
Prediction
LowEstimatedHigh
0.491.262.03
Details
Intrinsic
Valuation
LowRealHigh
0.511.282.05
Details
Naive
Forecast
LowNextHigh
0.511.282.05
Details
Bollinger
Band Projection (param)
LowerMiddle BandUpper
1.251.271.30
Details

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 Average0.0
Price Variance0.0

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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Other Information on Investing in ABSOLUTE Stock

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.