Thai Beverage Correlations

TBVPF Stock

USD 0.35 0.05 12.50%

The current 90-days correlation between Thai Beverage Public and Brown Forman is -0.06 (i.e., Good 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

Good diversification

The correlation between Thai Beverage Public and DJI is -0.13 (i.e., Good 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 against Thai Pink Sheet

0.46	HROWM	Harrow Health, 11875	Pair Corr
0.37	SSNLF	Samsung Electronics	Pair Corr
0.31	CWCO	Consolidated Water Earnings Call Tomorrow	Pair Corr
0.38	CVX	Chevron Corp Sell-off Trend	Pair Corr
0.31	XOM	Exxon Mobil Corp Aggressive Push	Pair Corr

Related Correlations Analysis

	BF-B	PDRDF	WVVI	MGPI	NAPA	BF-A	DEO	STZ	VINE	SBEV
BF-B		0.56	-0.75	0.78	0.0	1.0	0.74	0.9	-0.2	-0.21	BF-B
PDRDF	0.56		-0.49	0.68	0.0	0.56	0.8	0.55	0.46	0.33	PDRDF
WVVI	-0.75	-0.49		-0.87	0.0	-0.75	-0.85	-0.9	-0.05	-0.27	WVVI
MGPI	0.78	0.68	-0.87		0.0	0.79	0.92	0.86	0.23	0.35	MGPI
NAPA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	NAPA
BF-A	1.0	0.56	-0.75	0.79	0.0		0.74	0.9	-0.19	-0.19	BF-A
DEO	0.74	0.8	-0.85	0.92	0.0	0.74		0.86	0.33	0.39	DEO
STZ	0.9	0.55	-0.9	0.86	0.0	0.9	0.86		-0.02	0.06	STZ
VINE	-0.2	0.46	-0.05	0.23	0.0	-0.19	0.33	-0.02		0.65	VINE
SBEV	-0.21	0.33	-0.27	0.35	0.0	-0.19	0.39	0.06	0.65		SBEV
	BF-B	PDRDF	WVVI	MGPI	NAPA	BF-A	DEO	STZ	VINE	SBEV

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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

BF-A	+ 1.0	BF-B
DEO	+ 0.92	MGPI
STZ	+ 0.9	BF-B
STZ	+ 0.9	BF-A
STZ	+ 0.86	MGPI
STZ	+ 0.86	DEO

High negative correlations

STZ	- 0.9	WVVI
MGPI	- 0.87	WVVI
DEO	- 0.85	WVVI
BF-A	- 0.75	WVVI
WVVI	- 0.75	BF-B
WVVI	- 0.49	PDRDF

Risk-Adjusted Indicators

There is a big difference between Thai Pink Sheet 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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BF-B	1.72	(0.33)	0.00	(0.63)	0.00	0.00	2.82	(4.14)	15.18
PDRDF	2.22	(0.18)	0.00	(2.56)	0.00	0.00	4.49	(5.17)	15.42
WVVI	2.58	1.00	0.38	(65.99)	2.05	(3.14)	7.92	(3.14)	28.43
MGPI	1.77	(0.58)	0.00	(0.99)	0.00	0.00	3.24	(4.39)	12.11
NAPA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BF-A	1.56	(0.34)	0.00	(0.67)	0.00	0.00	2.35	(3.78)	15.04
DEO	1.35	(0.25)	0.00	(0.61)	0.00	0.00	2.79	(2.53)	8.99
STZ	1.49	(0.37)	0.00	(0.57)	0.00	0.00	2.64	(2.81)	17.80
VINE	5.64	0.08	0.01	0.04	6.37	(6.69)	12.33	(11.11)	33.51
SBEV	6.36	(0.76)	0.00	1.61	0.00	0.00	12.50	(11.11)	75.00

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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