Energy Absolute (Thailand) Market Value
| EA Stock | THB 6.35 0.95 17.59% |
| Symbol | Energy |
Energy Absolute '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 Energy Absolute'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 Energy Absolute.
| 12/13/2022 |
| 12/02/2024 |
If you would invest 0.00 in Energy Absolute on December 13, 2022 and sell it all today you would earn a total of 0.00 from holding Energy Absolute Public or generate 0.0% return on investment in Energy Absolute over 720 days. Energy Absolute is related to or competes with Gulf Energy, Global Power, CP ALL, Bangkok Dusit, and Airports. Energy Absolute Public Company Limited, together with its subsidiaries, produces and distributes biodiesel, purified gly... More
Energy Absolute 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 Energy Absolute'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 Energy Absolute Public upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | (0.03) | |||
| Maximum Drawdown | 41.06 | |||
| Value At Risk | (6.19) | |||
| Potential Upside | 10.34 |
Energy Absolute Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Energy Absolute's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Energy Absolute's standard deviation. In reality, there are many statistical measures that can use Energy Absolute historical prices to predict the future Energy Absolute's volatility.| Risk Adjusted Performance | 0.0052 | |||
| Jensen Alpha | (0.12) | |||
| Total Risk Alpha | (1.04) | |||
| Treynor Ratio | (0.06) |
Energy Absolute Public Backtested Returns
Energy Absolute appears to be unstable, given 3 months investment horizon. Energy Absolute Public secures Sharpe Ratio (or Efficiency) of 0.0378, which denotes the company had a 0.0378% return per unit of risk over the last 3 months. We have found twenty-four technical indicators for Energy Absolute Public, which you can use to evaluate the volatility of the firm. Please utilize Energy Absolute's Variance of 35.89, standard deviation of 5.99, and Mean Deviation of 3.81 to check if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Energy Absolute holds a performance score of 2. The firm shows a Beta (market volatility) of 0.62, which means possible diversification benefits within a given portfolio. As returns on the market increase, Energy Absolute's returns are expected to increase less than the market. However, during the bear market, the loss of holding Energy Absolute is expected to be smaller as well. Please check Energy Absolute's standard deviation, maximum drawdown, kurtosis, as well as the relationship between the total risk alpha and potential upside , to make a quick decision on whether Energy Absolute's price patterns will revert.
Auto-correlation | 0.92 |
Excellent predictability
Energy Absolute Public has excellent predictability. Overlapping area represents the amount of predictability between Energy Absolute time series from 13th of December 2022 to 8th of December 2023 and 8th of December 2023 to 2nd 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 Energy Absolute Public price movement. The serial correlation of 0.92 indicates that approximately 92.0% of current Energy Absolute price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.92 | |
| Spearman Rank Test | 0.87 | |
| Residual Average | 0.0 | |
| Price Variance | 209.94 |
Energy Absolute Public lagged returns against current returns
Autocorrelation, which is Energy Absolute 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 Energy Absolute's stock expected returns. We can calculate the autocorrelation of Energy Absolute returns to help us make a trade decision. For example, suppose you find that Energy Absolute 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 |
Energy Absolute 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 Energy Absolute stock is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Energy Absolute stock is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Energy Absolute stock over time.
Current vs Lagged Prices |
| Timeline |
Energy Absolute Lagged Returns
When evaluating Energy Absolute's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Energy Absolute stock have on its future price. Energy Absolute 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, Energy Absolute autocorrelation shows the relationship between Energy Absolute stock current value and its past values and can show if there is a momentum factor associated with investing in Energy Absolute Public.
Regressed Prices |
| Timeline |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectOther Information on Investing in Energy Stock
Energy Absolute financial ratios help investors to determine whether Energy 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 Energy with respect to the benefits of owning Energy Absolute security.