Samchai Steel Correlations
| SAM Stock | THB 0.26 0.04 13.33% |
The current 90-days correlation between Samchai Steel Industries and Dynasty Ceramic Public is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Samchai Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Samchai Steel Industries moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Samchai Steel Correlation With Market
Very good diversification
The correlation between Samchai Steel Industries and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Samchai Steel Industries and DJI in the same portfolio, assuming nothing else is changed.
Samchai |
The ability to find closely correlated positions to Samchai Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Samchai Steel 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 Samchai Steel - 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 Samchai Steel Industries to buy it.
Moving together with Samchai Stock
Moving against Samchai Stock
| 0.76 | BBL | Bangkok Bank Public | PairCorr |
| 0.64 | SCC | Siam Cement | PairCorr |
| 0.52 | EGCO-R | Electricity Generating | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Samchai Stock performing well and Samchai Steel 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 Samchai Steel'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DCC | 0.98 | (0.22) | 0.00 | (0.57) | 0.00 | 2.14 | 5.90 | |||
| CCP | 1.62 | (0.15) | 0.00 | (0.21) | 0.00 | 3.57 | 10.47 | |||
| GEL | 4.35 | (0.51) | 0.00 | 0.33 | 0.00 | 11.11 | 22.22 | |||
| ESTAR | 1.12 | (0.06) | 0.00 | (0.13) | 0.00 | 4.35 | 13.04 | |||
| BWG | 2.15 | (0.37) | 0.00 | (0.46) | 0.00 | 4.55 | 16.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Samchai Steel 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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Samchai Steel Corporate Management
Elected by the shareholders, the Samchai Steel's board of directors comprises two types of representatives: Samchai Steel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Samchai. The board's role is to monitor Samchai Steel's management team and ensure that shareholders' interests are well served. Samchai Steel'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, Samchai Steel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vichet Thienthong | S Board | Profile | |
| Waranwut WatthanaAnun | Vice Director | Profile | |
| Natthaporn Yodnoom | Company Sec | Profile | |
| Preyawan Leusuvanatat | F Mang | Profile | |
| Saranjit Sirithanarattanakul | Account Mang | Profile | |
| Yupaporn Noppakaudrittidej | Assistant Director | Profile | |
| Tanyanun Duangraksa | Assistant Director | Profile |