2S Metal Correlations
| 2S Stock | THB 2.18 0.02 0.91% |
The current 90-days correlation between 2S Metal Public and Diamond Building Products is -0.2 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 2S Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 2S Metal Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
2S Metal Correlation With Market
Average diversification
The correlation between 2S Metal Public and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 2S Metal Public and DJI in the same portfolio, assuming nothing else is changed.
2S Metal |
The ability to find closely correlated positions to 2S Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 2S Metal 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 2S Metal - 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 2S Metal Public to buy it.
Moving together with 2S Metal Stock
| 0.79 | TSTH | Tata Steel Public | PairCorr |
| 0.92 | CHOW | Chow Steel Industries | PairCorr |
| 0.93 | CEN | Capital Engineering | PairCorr |
| 0.93 | JTS | Jasmine Telecom Systems | PairCorr |
| 0.87 | CM | Chiangmai Frozen Foods | PairCorr |
| 0.95 | ASIA | Asia Hotel Public | PairCorr |
| 0.84 | MONO | Mono Next Public | PairCorr |
| 0.88 | DIMET | Dimet Public | PairCorr |
| 0.93 | D | Dental Public | PairCorr |
| 0.73 | FVC | Filter Vision Public | PairCorr |
| 0.93 | DV8 | DV8 Public | PairCorr |
Moving against 2S Metal Stock
| 0.84 | GVREIT | Golden Ventures Leasehold | PairCorr |
| 0.78 | KYE | Kang Yong Electric | PairCorr |
| 0.76 | KKP | Kiatnakin Phatra Bank | PairCorr |
| 0.54 | MCS | MCS Steel Public | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between 2S Metal Stock performing well and 2S Metal Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze 2S Metal's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DRT | 0.65 | (0.03) | 0.00 | (0.72) | 0.00 | 1.41 | 6.80 | |||
| MCS | 1.12 | 0.07 | 0.13 | (0.95) | 0.87 | 3.88 | 8.29 | |||
| AGE | 1.27 | (0.31) | 0.00 | (0.67) | 0.00 | 1.72 | 14.38 | |||
| HFT | 0.67 | (0.05) | 0.00 | (0.25) | 0.00 | 1.46 | 6.10 | |||
| HTC | 0.59 | 0.05 | 0.11 | 0.33 | 0.65 | 1.23 | 3.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 2S Metal 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.Did you try this?
Run Fundamental Analysis Now
Fundamental AnalysisView fundamental data based on most recent published financial statements |
| All Next | Launch Module |
2S Metal Corporate Management
Elected by the shareholders, the 2S Metal's board of directors comprises two types of representatives: 2S Metal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 2S Metal. The board's role is to monitor 2S Metal's management team and ensure that shareholders' interests are well served. 2S Metal'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, 2S Metal's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tassanee Phunuchaphai | Vice Marketing | Profile | |
| Pakorn Onkaew | Vice Accounting | Profile | |
| Pornnica Lertithibaht | Company Sec | Profile | |
| Pattranit Sasutham | HR Mang | Profile |