Thai Beverage Correlations

Stocks . Germany . 
Stock . Thai Beverage Public
T6W Stock  EUR 0.35  0.01  2.94%   
The current 90-days correlation between Thai Beverage Public and CVS Health is 0.23 (i.e., Modest diversification). The correlation of Thai Beverage 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.

Thai Beverage Correlation With Market

Significant diversification

The correlation between Thai Beverage Public and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thai Beverage Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Thai Beverage could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thai Beverage 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 Thai Beverage - 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 Thai Beverage Public to buy it.

Moving together with Thai Stock

  0.82GUIA Diageo plcPairCorr
  0.69PER Pernod Ricard SAPairCorr
  0.71CB1A Constellation BrandsPairCorr
  0.73RMC Rmy Cointreau SAPairCorr
  0.646BE BECLE SAB DEPairCorr
  0.76BED Marie Brizard WinePairCorr
  0.63LGLG LG ElectronicsPairCorr

Moving against Thai Stock

  0.76KONN Komercn banka asPairCorr
  0.71VOL3 VOLVO -A-PairCorr
  0.71SNK Sankyu IncPairCorr
  0.68GIS General MillsPairCorr
  0.67ICKB INDCOMMBK CHINA ADR20 Earnings Call TomorrowPairCorr
  0.67RHM Rheinmetall AGPairCorr
  0.66C6TB CHINA BANK ADR20 Earnings Call This WeekPairCorr
  0.61GOC Star DiamondPairCorr
  0.57ROI Rosenbauer InternationalPairCorr
  0.51ICK Industrial and Commercial Earnings Call TomorrowPairCorr
  0.43HUKI HUHTAMAKIPairCorr
  0.35AHC Hess CorpPairCorr
  0.33PKX POSCO HoldingsPairCorr
  0.322WGA WOORI FIN GRPPairCorr
  0.73DBPE Xtrackers LevDAXPairCorr
  0.723RE Rejlerkoncernen ABPairCorr
  0.71BY6A BYD LimitedPairCorr
  0.71JYS1 JYSKE BANKPairCorr
  0.7DUBA DRDGoldPairCorr
  0.7TLLB Trelleborg ABPairCorr
  0.75TP BLUE LABELPairCorr
  0.68KGHA KGHM Polska Miedz Earnings Call TomorrowPairCorr
  0.68B4B3 Metro AGPairCorr

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   
XSFA
+ 0.85
XCY
CLH
+ 0.81
7QD
NAH
+ 0.72
CLH
XCY
+ 0.71
CVS
NAH
+ 0.71
CVS
7QD
+ 0.68
SHL
  
High negative correlations   
XCY
- 0.79
LWF
LWF
- 0.74
CVS
XSFA
- 0.62
LWF
NAH
- 0.52
LWF
XSFA
- 0.42
7QD
SHL
- 0.23
LWF

Risk-Adjusted Indicators

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

Elected by the shareholders, the Thai Beverage's board of directors comprises two types of representatives: Thai Beverage inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thai. The board's role is to monitor Thai Beverage's management team and ensure that shareholders' interests are well served. Thai Beverage'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, Thai Beverage's outside directors are responsible for providing unbiased perspectives on the board's policies.
Charoen SirivadhanabhakdiEx ChairmanProfile
Khunying Sirivadhanabhakdi1st ChairmanProfile
Prapakon ThongtheppairotChief EVPProfile
Namfon AungsutornrungsiHead DepartmentProfile
Ueychai TanthaObhasCOO, EVPProfile
Thapana SirivadhanabhakdiCEO and PresidentProfile
Sitra HorsinchaiLegal OfficerProfile
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