Jack Chia Correlations

JCT Stock

THB 80.75 0.50 0.62%

The current 90-days correlation between Jack Chia Industries and The Erawan Group is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jack Chia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jack Chia Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Jack Chia Correlation With Market

Good diversification

The correlation between Jack Chia Industries and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jack Chia Industries and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Jack Chia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jack Chia 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 Jack Chia - 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 Jack Chia Industries to buy it.

Moving against Jack Stock

0.53	FUTUREPF	Future Park Leasehold	Pair Corr
0.34	POPF	Prime Office Leasehold	Pair Corr

Related Correlations Analysis

	GFPT	DCC	HTC	ERW	JMART-R	AOT	ETE	GUNKUL	DCON	LHHOTEL
GFPT		0.54	-0.13	0.35	0.08	0.64	0.85	0.83	0.64	0.06	GFPT
DCC	0.54		-0.31	0.66	0.12	0.51	0.53	0.55	0.6	0.38	DCC
HTC	-0.13	-0.31		-0.1	-0.11	-0.12	-0.04	0.19	-0.13	-0.29	HTC
ERW	0.35	0.66	-0.1		-0.07	0.75	0.41	0.47	0.58	0.48	ERW
JMART-R	0.08	0.12	-0.11	-0.07		-0.04	0.18	0.07	0.15	-0.25	JMART-R
AOT	0.64	0.51	-0.12	0.75	-0.04		0.64	0.7	0.59	0.4	AOT
ETE	0.85	0.53	-0.04	0.41	0.18	0.64		0.91	0.69	-0.14	ETE
GUNKUL	0.83	0.55	0.19	0.47	0.07	0.7	0.91		0.7	0.0	GUNKUL
DCON	0.64	0.6	-0.13	0.58	0.15	0.59	0.69	0.7		0.15	DCON
LHHOTEL	0.06	0.38	-0.29	0.48	-0.25	0.4	-0.14	0.0	0.15		LHHOTEL
	GFPT	DCC	HTC	ERW	JMART-R	AOT	ETE	GUNKUL	DCON	LHHOTEL

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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

GUNKUL	+ 0.91	ETE
ETE	+ 0.85	GFPT
GUNKUL	+ 0.83	GFPT
AOT	+ 0.75	ERW
GUNKUL	+ 0.7	AOT
DCON	+ 0.7	GUNKUL

High negative correlations

HTC	- 0.31	DCC
LHHOTEL	- 0.29	HTC
LHHOTEL	- 0.25	JMART-R
LHHOTEL	- 0.14	ETE
DCON	- 0.13	HTC
HTC	- 0.13	GFPT

Risk-Adjusted Indicators

There is a big difference between Jack Stock performing well and Jack Chia 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 Jack Chia'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
GFPT	1.12	(0.23)	0.00	13.68	0.00	0.00	1.89	(2.54)	7.10
DCC	0.95	(0.07)	0.00	(0.11)	0.00	0.00	2.22	(1.64)	5.79
HTC	1.09	0.00	(0.03)	0.09	1.28	(1.33)	2.42	(1.84)	8.47
ERW	1.32	(0.04)	0.00	0.64	0.00	0.00	3.54	(2.55)	14.40
JMART-R	0.71	(0.23)	0.00	(1.47)	0.00	0.00	0.00	0.00	17.85
AOT	0.68	(0.05)	0.00	(0.19)	0.00	0.00	1.63	(1.60)	4.74
ETE	1.48	(0.28)	0.00	1.24	0.00	0.00	3.74	(3.16)	9.12
GUNKUL	1.64	(0.35)	0.00	(0.55)	0.00	0.00	2.80	(3.48)	11.36
DCON	1.75	(0.11)	0.00	0.38	0.00	0.00	3.33	(3.23)	24.81
LHHOTEL	0.97	0.14	0.05	0.73	0.89	(1.45)	2.35	(1.53)	6.89

Be your own money manager

Our tools can tell you how much better you can do entering a position in Jack Chia 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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