Global Power Correlations
| GPSC-R Stock | THB 42.50 0.75 1.80% |
The current 90-days correlation between Global Power Synergy and Electricity Generating Public is -0.06 (i.e., Good diversification). The correlation of Global Power 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.
Global Power Correlation With Market
Good diversification
The correlation between Global Power Synergy and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Global Power Synergy and DJI in the same portfolio, assuming nothing else is changed.
Global |
The ability to find closely correlated positions to Global Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Global Power 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 Global Power - 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 Global Power Synergy to buy it.
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
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Risk-Adjusted Indicators
There is a big difference between Global Stock performing well and Global Power 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 Global Power'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EGCO-R | 0.96 | (0.06) | 0.00 | (0.10) | 0.00 | 2.10 | 5.69 | |||
| INTUCH-R | 1.56 | 0.09 | 0.03 | 0.39 | 2.00 | 3.55 | 11.96 | |||
| GULF-R | 0.91 | 0.39 | 0.00 | (1.30) | 0.00 | 0.00 | 32.95 | |||
| GPSC | 1.47 | (0.32) | 0.00 | (2.07) | 0.00 | 2.16 | 9.71 |
Global Power Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Global Power stock to make a market-neutral strategy. Peer analysis of Global Power could also be used in its relative valuation, which is a method of valuing Global Power by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Global Power Corporate Management
Elected by the shareholders, the Global Power's board of directors comprises two types of representatives: Global Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Global. The board's role is to monitor Global Power's management team and ensure that shareholders' interests are well served. Global Power'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, Global Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Narongchai Visutrachai | Sr Affairs | Profile | |
| Sirimet Leepagorn | Chief Officer | Profile | |
| Mantana Kunakorn | VP Management | Profile | |
| Krittapong Tangsitthisilpa | Sr Center | Profile | |
| Somsak Lertcharoensermsuk | VP Management | Profile | |
| Thitipong Jurapornsiridee | Chief Officer | Profile | |
| Jaruwat Singsomdee | VP Management | Profile |