Chiangmai Frozen Correlations

CM Stock  THB 1.67  0.01  0.60%   
The current 90-days correlation between Chiangmai Frozen Foods and Chumporn Palm Oil is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chiangmai Frozen moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chiangmai Frozen Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Chiangmai Frozen Correlation With Market

Average diversification

The correlation between Chiangmai Frozen Foods and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chiangmai Frozen Foods and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Chiangmai Frozen could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chiangmai Frozen 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 Chiangmai Frozen - 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 Chiangmai Frozen Foods to buy it.

Moving together with Chiangmai Stock

  0.65PTT PTT PublicPairCorr
  0.68PTT-R PTT PublicPairCorr
  0.94BAY Bank of AyudhyaPairCorr
  0.73MORE More Return PublicPairCorr

Moving against Chiangmai Stock

  0.93KTB-R Krung Thai BankPairCorr
  0.92KTB Krung Thai BankPairCorr
  0.9SCB SCB X PublicPairCorr
  0.87SCB-R Siam CommercialPairCorr
  0.6KBANK-R Kasikornbank PublicPairCorr
  0.53KBANK Kasikornbank PublicPairCorr
  0.52BBL Bangkok Bank 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   
DCCGFPT
HTCCPI
HTCCSC
DCCCSC
CSCGFPT
CSCCPI
  
High negative correlations   
DCCCPI
GFPTCPI
HTCDCC
HTCGFPT

Risk-Adjusted Indicators

There is a big difference between Chiangmai Stock performing well and Chiangmai Frozen 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 Chiangmai Frozen'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 Chiangmai Frozen 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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Chiangmai Frozen Corporate Management

Elected by the shareholders, the Chiangmai Frozen's board of directors comprises two types of representatives: Chiangmai Frozen inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Chiangmai. The board's role is to monitor Chiangmai Frozen's management team and ensure that shareholders' interests are well served. Chiangmai Frozen'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, Chiangmai Frozen's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thanamet SuttaAccounting ManagerProfile
Tewin RungratanapitakFinancial SecProfile
Ampon RuayfupantIndependent DirectorProfile
Mu LanDirectorProfile
Phusit WonglosaichonIndependent DirectorProfile
Angkun PhonphiphathanaphongManaging Director, Executive Director, DirectorProfile
Ankoon PholpipattanaphongMD MangProfile