Phatra Leasing Correlations
| PL Stock | THB 1.09 0.07 6.03% |
The current 90-days correlation between Phatra Leasing Public and KGI Securities Public is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Phatra Leasing moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Phatra Leasing Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Phatra Leasing Correlation With Market
Modest diversification
The correlation between Phatra Leasing Public and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Phatra Leasing Public and DJI in the same portfolio, assuming nothing else is changed.
Phatra |
The ability to find closely correlated positions to Phatra Leasing could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Phatra Leasing 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 Phatra Leasing - 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 Phatra Leasing Public to buy it.
Moving against Phatra Stock
Related Correlations Analysis
| -0.18 | -0.38 | -0.06 | 0.1 | KGI | ||
| -0.18 | 0.37 | 0.45 | -0.05 | PAP | ||
| -0.38 | 0.37 | 0.33 | -0.09 | PG | ||
| -0.06 | 0.45 | 0.33 | 0.54 | PLE | ||
| 0.1 | -0.05 | -0.09 | 0.54 | PATO | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Phatra Stock performing well and Phatra Leasing 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 Phatra Leasing'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KGI | 0.39 | 0.00 | 0.09 | (0.04) | 0.41 | 0.95 | 2.86 | |||
| PAP | 1.82 | (0.28) | 0.00 | (0.64) | 0.00 | 4.76 | 13.86 | |||
| PG | 0.80 | (0.23) | 0.00 | (1.06) | 0.00 | 1.12 | 13.01 | |||
| PLE | 1.78 | (0.29) | 0.00 | (0.48) | 0.00 | 6.45 | 15.54 | |||
| PATO | 0.49 | (0.07) | 0.00 | 30.21 | 0.00 | 1.23 | 5.44 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Phatra Leasing 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?
Run Bond Analysis Now
Bond AnalysisEvaluate and analyze corporate bonds as a potential investment for your portfolios. |
| All Next | Launch Module |
Phatra Leasing Corporate Management
Elected by the shareholders, the Phatra Leasing's board of directors comprises two types of representatives: Phatra Leasing inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Phatra. The board's role is to monitor Phatra Leasing's management team and ensure that shareholders' interests are well served. Phatra Leasing'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, Phatra Leasing's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Naruepol Watanakun | First Group | Profile | |
| Phothiphong Lamsam | Chairman of the Board | Profile | |
| Sueptrakun Sunthorntham | Independent Director | Profile | |
| Chanthra Buranaroek | Independent Director | Profile | |
| Pipop Kunasol | MD Pres | Profile | |
| Sara Lamsam | Chairman of the Executive Board, Director | Profile | |
| Anuphon Likhitphruekphaisan | Independent Director | Profile |