Nusasiri Public Correlations
| NUSA Stock | THB 0.14 0.00 0.00% |
The current 90-days correlation between Nusasiri Public and SC Asset is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nusasiri Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nusasiri Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Nusasiri Public Correlation With Market
Good diversification
The correlation between Nusasiri Public and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nusasiri Public and DJI in the same portfolio, assuming nothing else is changed.
Nusasiri |
The ability to find closely correlated positions to Nusasiri 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 Nusasiri 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 Nusasiri 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 Nusasiri Public to buy it.
Moving together with Nusasiri Stock
Moving against Nusasiri Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Nusasiri Stock performing well and Nusasiri 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 Nusasiri 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PF | 3.87 | (0.42) | 0.00 | (0.32) | 0.00 | 8.33 | 35.29 | |||
| SC | 1.42 | (0.12) | 0.00 | (0.41) | 0.00 | 2.99 | 9.20 | |||
| ORI | 2.47 | (0.40) | 0.00 | (0.38) | 0.00 | 5.23 | 17.33 | |||
| ANAN | 3.31 | 0.31 | 0.10 | (0.55) | 3.24 | 7.58 | 31.18 | |||
| MONO | 4.04 | (0.73) | 0.00 | 4.55 | 0.00 | 9.32 | 25.04 |
Nusasiri Public 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 Nusasiri Public stock to make a market-neutral strategy. Peer analysis of Nusasiri Public could also be used in its relative valuation, which is a method of valuing Nusasiri Public by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |