CIMB Thai Correlations
| CIMBT Stock | THB 0.48 0.01 2.04% |
The current 90-days correlation between CIMB Thai Bank and Lalin Property Public is 0.08 (i.e., Significant diversification). The correlation of CIMB Thai 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.
CIMB Thai Correlation With Market
Average diversification
The correlation between CIMB Thai Bank and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CIMB Thai Bank and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to CIMB Thai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CIMB Thai 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 CIMB Thai - 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 CIMB Thai Bank to buy it.
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between CIMB Stock performing well and CIMB Thai 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 CIMB Thai'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 CIMB Thai 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?
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CIMB Thai Corporate Management
Elected by the shareholders, the CIMB Thai's board of directors comprises two types of representatives: CIMB Thai inside directors who are chosen from within the company, and outside directors, selected externally and held independent of CIMB. The board's role is to monitor CIMB Thai's management team and ensure that shareholders' interests are well served. CIMB Thai'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, CIMB Thai's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Zethjak Leeyakars | Head Pres | Profile | |
| Chee Wong | CEO and President | Profile | |
| Paisan Thumpothong | Head Data | Profile | |
| Pajaree Thongvanit | Head Legal | Profile | |
| Konthee Prasertwongse | Head Banking | Profile | |
| Kok Leong | Head Fin | Profile | |
| Chirasak Chantarachoti | Head Relations | Profile |