Asia Biomass (Thailand) Price on September 9, 2024
ABM Stock | THB 1.08 0.03 2.70% |
If you're considering investing in Asia Stock, it is important to understand the factors that can impact its price. As of today, the current price of Asia Biomass stands at 1.08, as last reported on the 27th of December, with the highest price reaching 1.14 and the lowest price hitting 1.08 during the day. 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' Risk Adjusted Performance of (0.08), standard deviation of 1.8, and Mean Deviation of 1.02 to double-check the risk estimate we provide.
Asia Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Asia |
Sharpe Ratio = -0.1269
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Estimated Market Risk
1.88 actual daily | 16 84% of assets are more volatile |
Expected Return
-0.24 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
-0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Asia Biomass is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Asia Biomass by adding Asia Biomass to a well-diversified portfolio.
Asia Biomass Valuation on September 9, 2024
It is possible to determine the worth of Asia Biomass on a given historical date. On September 9, 2024 Asia was worth 1.29 at the beginning of the trading date compared to the closed value of 1.29. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Asia Biomass stock. Still, in general, we apply an absolute valuation method to find Asia Biomass' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Asia Biomass where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Asia Biomass' related companies.
Open | High | Low | Close | Volume | |
1.29 | 1.41 | 1.28 | 1.29 | 660,416 | |
09/09/2024 | 1.29 | 1.29 | 1.29 | 1.29 | 1.00 |
1.31 | 1.31 | 1.29 | 1.30 | 96,700 |
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Asia Biomass Trading Date Momentum on September 9, 2024
On September 10 2024 Asia Biomass Public was traded for 1.30 at the closing time. The maximum traded price for the trading interval was 1.31 and the lowest daily price was 1.29 . The daily volume was recorded at 96.7 K. The volume of trading on 10th of September 2024 played a part in the next trading day price upswing. The overall trading delta to the next closing price was 0.78% . The overall trading delta to the closing price today is 2.33% . |
Asia Biomass Public Fundamentals Correlations and Trends
By evaluating Asia Biomass' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Asia Biomass' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Asia financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Asia Biomass Stock history
Asia Biomass investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Asia is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Asia Biomass Public will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Asia Biomass stock prices may prove useful in developing a viable investing in Asia Biomass
Asia Biomass Public Company Limited, through its subsidiaries, trades in biomass in Asia. Asia Biomass Public Company Limited is headquartered in Bangkok, Thailand. ASIA BIOMASS operates under Utilities - Independent Power Producers classification in Thailand and is traded on Stock Exchange of Thailand.
Asia Biomass Stock Technical Analysis
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.
Price Boundaries
Asia Biomass Period Price Range
Low | December 27, 2024
| High |
0.00 | 0.00 |
Asia Biomass Public cannot be verified against its exchange. Please verify the symbol is currently traded on Thailand Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Asia Biomass December 27, 2024 Market Strength
Market strength indicators help investors to evaluate how Asia Biomass stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Asia Biomass shares will generate the highest return on investment. By undertsting and applying Asia Biomass stock market strength indicators, traders can identify Asia Biomass Public entry and exit signals to maximize returns
Asia Biomass Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Asia Biomass' price direction in advance. Along with the technical and fundamental analysis of Asia Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Asia to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
Risk Adjusted Performance | (0.08) | |||
Jensen Alpha | (0.20) | |||
Total Risk Alpha | (0.31) | |||
Treynor Ratio | 2.07 |
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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.