Chewathai Public Correlations

CHEWA Stock  THB 0.28  0.01  3.70%   
The current 90-days correlation between Chewathai Public and Cho Thavee Public is 0.05 (i.e., Significant diversification). The correlation of Chewathai Public is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Chewathai Public Correlation With Market

Good diversification

The correlation between Chewathai Public and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chewathai Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Chewathai 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 Chewathai 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 Chewathai 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 Chewathai Public to buy it.

Moving together with Chewathai Stock

  0.77CPALL CP ALL PublicPairCorr
  0.81CPALL-R CP ALL PublicPairCorr
  0.79BAY Bank of AyudhyaPairCorr
  0.67MORE More Return PublicPairCorr

Moving against Chewathai Stock

  0.68KTB-R Krung Thai BankPairCorr
  0.64KTB Krung Thai BankPairCorr
  0.62UVAN Univanich Palm OilPairCorr
  0.59SCB-R Siam CommercialPairCorr
  0.57PSTC Power Solution TechnPairCorr
  0.49ALUCON Alucon PublicPairCorr
  0.34SAT Somboon Advance TechPairCorr
  0.74BCP Bangchak PublicPairCorr
  0.72BIZ Business Alignment PublicPairCorr
  0.72PT Premier Technology PublicPairCorr
  0.66ASIMAR Asian Marine ServicesPairCorr
  0.59SCP Southern Concrete PilePairCorr
  0.56SCB SCB X PublicPairCorr

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   
CHGECF
CHGCHO
ECFCHO
CHGHYDRO
  
High negative correlations   
HYDROECF
HYDROCHO

Risk-Adjusted Indicators

There is a big difference between Chewathai Stock performing well and Chewathai 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 Chewathai 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 Chewathai 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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Chewathai Public Corporate Management

Elected by the shareholders, the Chewathai Public's board of directors comprises two types of representatives: Chewathai Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chewathai. The board's role is to monitor Chewathai Public's management team and ensure that shareholders' interests are well served. Chewathai Public'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, Chewathai Public's outside directors are responsible for providing unbiased perspectives on the board's policies.