Asia Biomass (Thailand) Market Value
| ABM Stock | THB 1.34 0.03 2.29% |
| Symbol | Asia |
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.
| 02/27/2024 |
| 04/27/2024 |
If you would invest 0.00 in Asia Biomass on February 27, 2024 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 60 days. Asia Biomass is related to or competes with Akkhie Prakarn, AIRA Factoring, Brooker, 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.
| Information Ratio | (0.07) | |||
| Maximum Drawdown | 14.45 | |||
| Value At Risk | (3.60) | |||
| Potential Upside | 3.03 |
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.| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (0.41) | |||
| Treynor Ratio | (0.33) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Asia Biomass' price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Asia Biomass Public Backtested Returns
Asia Biomass Public secures Sharpe Ratio (or Efficiency) of -0.0368, which signifies that the company had a -0.0368% return per unit of risk over the last 3 months. Asia Biomass Public exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Asia Biomass' Risk Adjusted Performance of (0.02), standard deviation of 2.43, and Mean Deviation of 1.55 to double-check the risk estimate we provide. The firm shows a Beta (market volatility) of 0.3, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Asia Biomass' returns are expected to increase less than the market. However, during the bear market, the loss of holding Asia Biomass is expected to be smaller as well. Asia Biomass Public has an expected return of -0.0893%. Please make sure to confirm Asia Biomass Public standard deviation, total risk alpha, maximum drawdown, as well as the relationship between the jensen alpha and treynor ratio , to decide if Asia Biomass Public performance from the past will be repeated at some point in the near future.
Auto-correlation | 0.02 |
Virtually no predictability
Asia Biomass Public has virtually no predictability. Overlapping area represents the amount of predictability between Asia Biomass time series from 27th of February 2024 to 28th of March 2024 and 28th of March 2024 to 27th of April 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 0.02 indicates that only 2.0% of current Asia Biomass price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.02 | |
| Spearman Rank Test | -0.12 | |
| Residual Average | 0.0 | |
| Price Variance | 0.0 |
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 |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Asia Biomass in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Asia Biomass' short interest history, or implied volatility extrapolated from Asia Biomass options trading.
Pair Trading with Asia Biomass
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Asia Biomass position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Asia Biomass will appreciate offsetting losses from the drop in the long position's value.Moving together with Asia Stock
| 0.72 | EGCO | Electricity Generating | PairCorr |
Moving against Asia Stock
| 0.75 | SCB | SCB X Public | PairCorr |
| 0.56 | PTT | PTT Public | PairCorr |
| 0.53 | KBANK-R | Kasikornbank Public | PairCorr |
| 0.51 | TPCH | TPC Power Holding | PairCorr |
| 0.47 | PTT-R | PTT Public | PairCorr |
The ability to find closely correlated positions to Asia Biomass could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Biomass when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Asia Biomass - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Asia Biomass Public to buy it.
The correlation of Asia Biomass is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asia Biomass moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Biomass Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Asia Biomass can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Asia Biomass Correlation, Asia Biomass Volatility and Asia Biomass Alpha and Beta module to complement your research on Asia Biomass. You can also try the Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.
Complementary Tools for Asia Stock analysis
When running Asia Biomass' price analysis, check to measure Asia Biomass' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Asia Biomass is operating at the current time. Most of Asia Biomass' value examination focuses on studying past and present price action to predict the probability of Asia Biomass' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Asia Biomass' price. Additionally, you may evaluate how the addition of Asia Biomass to your portfolios can decrease your overall portfolio volatility.
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Asia Biomass technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.