Airports Correlations

Stocks Germany . 
Stock . Airports of Thailand
NYVQ Stock  EUR 1.08  0.05  4.85%   
The current 90-days correlation between Airports of Thailand and Zijin Mining Group is 0.07 (i.e., Significant diversification). The correlation of Airports 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.

Airports Correlation With Market

Average diversification

The correlation between Airports of Thailand and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Airports of Thailand and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Airports could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Airports 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 Airports - 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 Airports of Thailand to buy it.

Moving together with Airports Stock

  0.98TX3A Airports of ThailandPairCorr
  0.63MTO METTLER TOLEDO INTLPairCorr
  0.66MTO Mitie Group PLCPairCorr
  0.6327J Impinj IncPairCorr
  0.86DBPD Xtrackers ShortDAXPairCorr

Moving against Airports Stock

  0.933RE Rejlerkoncernen ABPairCorr
  0.895TP BLUE LABELPairCorr
  0.64PKX POSCO HoldingsPairCorr
  0.5HUKI HUHTAMAKIPairCorr
  0.48A44 Aena SME SAPairCorr
  0.48PEH PEH WERTPAPIERPairCorr
  0.88BSN Danone SAPairCorr
  0.88T62 TOHO ZINC LTDPairCorr
  0.87JYS1 JYSKE BANKPairCorr
  0.86DBPE Xtrackers LevDAXPairCorr
  0.84BY6A BYD LimitedPairCorr
  0.76BRH Berkshire HathawayPairCorr
  0.72ROI Rosenbauer InternationalPairCorr
  0.7KONN Komercn banka asPairCorr
  0.7B4B3 Metro AGPairCorr
  0.68KEI KEISEI EL RAILWAY SplitPairCorr
  0.66AG9 ACTIA GROUP SAPairCorr
  0.64E908 Lyxor 1PairCorr
  0.62VOL3 VOLVO -A-PairCorr
  0.58SOBA ATT IncPairCorr
  0.56KGHA KGHM Polska Miedz Earnings Call TomorrowPairCorr
  0.44MRG Outcrop Silver GoldPairCorr

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   
M1L
+ 0.82
NY70
NY70
+ 0.8
XSFA
M1L
+ 0.72
XSFA
AZU
+ 0.66
DGD
FJZ
+ 0.6
DGD
XSFA
+ 0.59
AZU
  
High negative correlations   
M1L
- 0.45
CDE
NY70
- 0.4
CDE
XSFA
- 0.39
CDE
FJZ
- 0.37
CDE
CDE
- 0.08
AZU
CDE
- 0.07
DGD

Risk-Adjusted Indicators

There is a big difference between Airports Stock performing well and Airports 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 Airports' 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 Airports 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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Airports Corporate Management

Elected by the shareholders, the Airports' board of directors comprises two types of representatives: Airports inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Airports. The board's role is to monitor Airports' management team and ensure that shareholders' interests are well served. Airports' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Airports' outside directors are responsible for providing unbiased perspectives on the board's policies.
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