Applied DB Correlations
| ADB Stock | THB 0.88 0.02 2.22% |
The current 90-days correlation between Applied DB Public and PTT Public is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Applied DB moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Applied DB Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Applied DB Correlation With Market
Significant diversification
The correlation between Applied DB Public and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Applied DB Public and DJI in the same portfolio, assuming nothing else is changed.
Applied |
The ability to find closely correlated positions to Applied DB could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Applied DB 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 Applied DB - 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 Applied DB Public to buy it.
Moving together with Applied Stock
Moving against Applied Stock
| 0.62 | ADVANC | Advanced Info Service | PairCorr |
| 0.5 | COM7 | Com7 PCL | PairCorr |
| 0.48 | STGT-R | SRI TRANG GLOVES | PairCorr |
| 0.47 | SAM | Samchai Steel Industries | PairCorr |
| 0.35 | TLI | Thai Life Insurance | 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 Applied Stock performing well and Applied DB 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 Applied DB'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTT-R | 0.78 | (0.09) | 0.00 | (0.42) | 0.00 | 2.24 | 5.37 | |||
| SCB-R | 0.29 | 0.11 | 0.11 | (1.50) | 0.00 | 0.70 | 5.94 | |||
| AOT-R | 0.65 | (0.24) | 0.00 | (1.40) | 0.00 | 1.27 | 15.02 | |||
| CPALL-R | 1.12 | (0.20) | 0.00 | (0.55) | 0.00 | 2.38 | 8.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Applied DB 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 Sign In To Macroaxis Now
Sign In To MacroaxisSign in to explore Macroaxis' wealth optimization platform and fintech modules |
| All Next | Launch Module |
Applied DB Corporate Management
Elected by the shareholders, the Applied DB's board of directors comprises two types of representatives: Applied DB inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Applied. The board's role is to monitor Applied DB's management team and ensure that shareholders' interests are well served. Applied DB'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, Applied DB's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jirawat Akkranupornpong | CFO Accounting | Profile | |
| Piriya Moungkram | VP Department | Profile | |
| Veerachai Wongcharoensin | VP Director | Profile | |
| Wutthichai Wongcharoensin | Ex Director | Profile | |
| Kanokwan Kongtanakomtunyakid | Company Sec | Profile | |
| Wang Wanapaison | CEO Director | Profile | |
| Wei Wang | VP Director | Profile |