Binh Thanh Correlations

Stocks . Vietnam . 
Stock . Binh Thanh Import
GIL Stock   21,900  300.00  1.39%   
The current 90-days correlation between Binh Thanh Import and Ha Noi Education is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Binh Thanh moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Binh Thanh Import moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Binh Thanh Correlation With Market

Average diversification

The correlation between Binh Thanh Import and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Binh Thanh Import and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Binh Thanh could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Binh Thanh 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 Binh Thanh - 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 Binh Thanh Import to buy it.

Moving together with Binh Stock

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  0.76AME Alphanam MEPairCorr
  0.73APG APG Securities JointPairCorr
  0.76AAM Mekong Fisheries JSCPairCorr
  0.69ABT Bentre Aquaproduct ImportPairCorr

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   
HAH
+ 0.89
BIC
MIG
+ 0.67
BIC
MIG
+ 0.65
HAH
CTS
+ 0.61
EID
CTS
+ 0.53
CTG
MIG
+ 0.31
CTG
  
High negative correlations   
CTS
- 0.81
HAH
CTS
- 0.71
BIC
HAH
- 0.7
EID
BIC
- 0.67
EID
MIG
- 0.45
EID
CTS
- 0.37
MIG

Risk-Adjusted Indicators

There is a big difference between Binh Stock performing well and Binh Thanh 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 Binh Thanh'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 Binh Thanh 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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