Raimon Land Correlations

RML Stock  THB 0.21  0.01  4.55%   
The current 90-days correlation between Raimon Land Public and Ananda Development Public is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Raimon Land moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Raimon Land Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Raimon Land Correlation With Market

Average diversification

The correlation between Raimon Land Public and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Raimon Land Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Raimon Land could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Raimon Land 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 Raimon Land - 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 Raimon Land Public to buy it.

Moving together with Raimon Stock

  0.91BAY Bank of AyudhyaPairCorr
  0.68MORE More Return PublicPairCorr

Moving against Raimon Stock

  0.82KTB Krung Thai BankPairCorr
  0.82KTB-R Krung Thai BankPairCorr
  0.76SCB SCB X PublicPairCorr
  0.74SCB-R Siam CommercialPairCorr
  0.32BBL Bangkok Bank PublicPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Raimon Stock performing well and Raimon Land 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 Raimon Land'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Raimon Land 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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Correlation Analysis

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