Krung Thai Correlations
| KTB Stock | THB 23.10 0.50 2.12% |
The current 90-days correlation between Krung Thai Bank and Bangkok Bank Public is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Krung Thai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Krung Thai Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Krung Thai Correlation With Market
Good diversification
The correlation between Krung Thai Bank and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Krung Thai Bank and DJI in the same portfolio, assuming nothing else is changed.
Krung |
The ability to find closely correlated positions to Krung Thai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Krung Thai 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 Krung Thai - 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 Krung Thai Bank to buy it.
Moving together with Krung Stock
| 0.97 | SCB | SCB X Public | PairCorr |
| 0.74 | KBANK | Kasikornbank Public | PairCorr |
| 0.73 | KBANK-R | Kasikornbank Public | PairCorr |
| 0.89 | SCB-R | Siam Commercial | PairCorr |
| 0.74 | BBL | Bangkok Bank Public | PairCorr |
| 0.87 | KTB-R | Krung Thai Bank | PairCorr |
Moving against Krung Stock
Related Correlations Analysis
| 0.69 | 0.62 | -0.29 | -0.63 | BBL | ||
| 0.69 | 0.75 | -0.64 | -0.85 | SCB | ||
| 0.62 | 0.75 | -0.55 | -0.67 | KBANK | ||
| -0.29 | -0.64 | -0.55 | 0.63 | PTT | ||
| -0.63 | -0.85 | -0.67 | 0.63 | SCC | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Krung Stock performing well and Krung Thai 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 Krung Thai'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBL | 0.80 | 0.07 | 0.04 | (0.54) | 1.12 | 1.99 | 7.02 | |||
| SCB | 0.84 | 0.12 | 0.10 | (0.75) | 0.95 | 1.69 | 5.37 | |||
| KBANK | 0.92 | 0.05 | 0.04 | (0.43) | 1.04 | 2.27 | 5.98 | |||
| PTT | 0.86 | (0.02) | 0.00 | (0.09) | 0.00 | 2.38 | 5.74 | |||
| SCC | 1.43 | (0.50) | 0.00 | (2.26) | 0.00 | 2.45 | 7.20 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Krung Thai 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.Did you try this?
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