Assetwise Public Correlations

ASW Stock  THB 6.65  0.05  0.76%   
The current 90-days correlation between Assetwise Public and Asset World Corp is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Assetwise Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Assetwise Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Assetwise Public Correlation With Market

Modest diversification

The correlation between Assetwise Public and DJI is 0.26 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Assetwise Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Assetwise Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Assetwise Public 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 Assetwise Public - 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 Assetwise Public to buy it.

Moving together with Assetwise Stock

  0.77UV Univentures PublicPairCorr
  0.74PF Property Perfect PublicPairCorr
  0.62ASAP Synergetic Auto PerfPairCorr
  0.67CHOW Chow Steel IndustriesPairCorr
  0.68ASK Asia Sermkij LeasingPairCorr

Moving against Assetwise Stock

  0.88KYE Kang Yong ElectricPairCorr
  0.72THANI Ratchthani Leasing PublicPairCorr
  0.71KKP Kiatnakin Phatra BankPairCorr
  0.69GVREIT Golden Ventures LeaseholdPairCorr
  0.66LHSC LH Shopping CentersPairCorr
  0.58CPI Chumporn Palm OilPairCorr

Related Correlations Analysis

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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   
LALINAWC
BCPAP
ANANAP
ANANLALIN
ANANAWC
  
High negative correlations   
BCPLALIN
BCPAWC
APLALIN
APAWC
BCPANAN
ANANAWC

Risk-Adjusted Indicators

There is a big difference between Assetwise Stock performing well and Assetwise Public 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 Assetwise Public'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Assetwise Public 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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