Ditto Public Correlations

DITTO Stock  THB 10.40  0.20  1.96%   
The current 90-days correlation between Ditto Public and Dohome Public is 0.27 (i.e., Modest diversification). The correlation of Ditto 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.

Ditto Public Correlation With Market

Modest diversification

The correlation between Ditto Public and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ditto Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Ditto 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 Ditto 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 Ditto 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 Ditto Public to buy it.

Moving together with Ditto Stock

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Moving against Ditto Stock

  0.76SCB-R Siam CommercialPairCorr
  0.7SCB SCB X PublicPairCorr
  0.68PT Premier Technology PublicPairCorr
  0.66BIZ Business Alignment PublicPairCorr
  0.45ALUCON Alucon PublicPairCorr
  0.4KYE Kang Yong ElectricPairCorr
  0.34AIT Advanced InformationPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

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

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