Absolute Clean (Thailand) Today

ACE Stock  THB 1.43  0.01  0.69%   

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Absolute Clean is selling for 1.43 as of the 29th of March 2024. This is a -0.69 percent decrease since the beginning of the trading day. The stock's last reported lowest price was 1.43. Absolute Clean has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Absolute Clean Energy are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 28th of February 2024 and ending today, the 29th of March 2024. Click here to learn more.
Absolute Clean Energy Public Company Limited, together with its subsidiaries, operates biomass, municipal solid waste, natural gas, and solar energy power plants in Thailand. The company was founded in 2015 and is headquartered in Bangkok, Thailand. ABSOLUTE CLEAN is traded on Stock Exchange of Thailand in Thailand.. The company has 10.08 B outstanding shares. More on Absolute Clean Energy

Moving together with Absolute Stock

  0.74EA Energy Absolute PublicPairCorr
  0.71BCPG BCPG PublicPairCorr

Moving against Absolute Stock

  0.45TPIPP-R TPI POLENE POWERPairCorr
  0.43ETC Earth Tech EnvironmentPairCorr
Follow Valuation Odds of Bankruptcy
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Absolute Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Absolute Clean's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Absolute Clean or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOTanachai Bunditvorapoom
Thematic IdeaCleaning (View all Themes)
Business ConcentrationCleaning, Utilities—Renewable, Utilities (View all Sectors)
Absolute Clean Energy (ACE) is traded on Thailand Exchange in Thailand and employs 16 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 24.58 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Absolute Clean's market, we take the total number of its shares issued and multiply it by Absolute Clean's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Absolute Clean Energy operates under Utilities sector and is part of Utilities—Renewable industry. The entity has 10.08 B outstanding shares. Absolute Clean Energy has accumulated about 618.95 M in cash with 1.87 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Absolute Clean Probability Of Bankruptcy
Ownership Allocation
Absolute Clean holds a total of 10.08 Billion outstanding shares. Absolute Clean Energy shows majority of its outstanding shares owned by insiders. An insider is usually defined as a corporate executive, director, member of the board or institutional investor who own at least 10% of the company's outstanding shares. 76.7 percent of Absolute Clean Energy outstanding shares that are owned by insiders signifies that they have been buying or selling the stock in recent months in anticipation of some upcoming event. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Absolute Stock Price Odds Analysis

Proceeding from a normal probability distribution, the odds of Absolute Clean jumping above the current price in 90 days from now is more than 94.0%. The Absolute Clean Energy probability density function shows the probability of Absolute Clean stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Absolute Clean has a beta of 0.0433. This suggests as returns on the market go up, Absolute Clean average returns are expected to increase less than the benchmark. However, during the bear market, the loss on holding Absolute Clean Energy will be expected to be much smaller as well. Additionally, absolute Clean Energy has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 1.43HorizonTargetOdds Above 1.43
6.17%90 days
 1.43 
93.73%
Based on a normal probability distribution, the odds of Absolute Clean to move above the current price in 90 days from now is more than 94.0 (This Absolute Clean Energy probability density function shows the probability of Absolute Stock to fall within a particular range of prices over 90 days) .

Absolute Clean Energy Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Absolute Clean market risk premium is the additional return an investor will receive from holding Absolute Clean long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Absolute Clean. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Absolute Clean's alpha and beta are two of the key measurements used to evaluate Absolute Clean's performance over the market, the standard measures of volatility play an important role as well.

Absolute Stock Against Markets

Picking the right benchmark for Absolute Clean stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Absolute Clean stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Absolute Clean is critical whether you are bullish or bearish towards Absolute Clean Energy at a given time. Please also check how Absolute Clean's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Absolute Clean without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Absolute Clean Corporate Management

Elected by the shareholders, the Absolute Clean's board of directors comprises two types of representatives: Absolute Clean inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Absolute. The board's role is to monitor Absolute Clean's management team and ensure that shareholders' interests are well served. Absolute Clean's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Absolute Clean's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sadudta NavaskulVice President - Finance and AccountingProfile
Pranai SuwanrathIndependent Chairman of the boardProfile
Peck TanCoChief LimitedProfile
Patchanee SutheevitanuntIndependent DirectorProfile
Jiratha SongmettaDirectorProfile
Teerawut SongmettaDirector, Executive Director and Chief Executive Technology and Innovation OfficerProfile
Sivis AnantakulInvestor MangProfile

How to buy Absolute Stock?

Before investing in Absolute Clean, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Absolute Clean. To buy Absolute Clean stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Absolute Clean. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Absolute Clean stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Absolute Clean Energy stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Absolute Clean Energy stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Absolute Clean Energy, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.

Already Invested in Absolute Clean Energy?

The danger of trading Absolute Clean Energy is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Absolute Clean is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Absolute Clean. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Absolute Clean Energy is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Absolute Clean Energy. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
Note that the Absolute Clean Energy information on this page should be used as a complementary analysis to other Absolute Clean's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.

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When running Absolute Clean's price analysis, check to measure Absolute Clean's 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 Absolute Clean is operating at the current time. Most of Absolute Clean's value examination focuses on studying past and present price action to predict the probability of Absolute Clean's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Absolute Clean's price. Additionally, you may evaluate how the addition of Absolute Clean to your portfolios can decrease your overall portfolio volatility.
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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.