THONBURI HEALTHCARE Correlations

THG-R Stock

THB 10.40 2.51 19.44%

The current 90-days correlation between THONBURI HEALTHCARE GRO and Bumrungrad Hospital PCL is 0.02 (i.e., Significant diversification). The correlation of THONBURI HEALTHCARE 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.

THONBURI HEALTHCARE Correlation With Market

Modest diversification

The correlation between THONBURI HEALTHCARE GRO NVDR and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding THONBURI HEALTHCARE GRO NVDR and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to THONBURI HEALTHCARE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace THONBURI HEALTHCARE 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 THONBURI HEALTHCARE - 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 THONBURI HEALTHCARE GRO NVDR to buy it.

Moving together with THONBURI Stock

0.69	BH	Bumrungrad Hospital PCL	Pair Corr
0.9	RAM	Ramkhamhaeng Hospital	Pair Corr
0.75	THG	Thonburi Healthcare Grp	Pair Corr
0.78	VIBHA	Vibhavadi Medical Center	Pair Corr
0.85	SKR	Sikarin Public	Pair Corr
0.8	CMR	Chiang Mai Ram	Pair Corr
0.95	TQM-R	TQM PORATION	Pair Corr
0.94	STGT-R	SRI TRANG GLOVES	Pair Corr
0.94	PTL-R	Polyplex Public	Pair Corr
0.88	TOA-R	TOA PAINT	Pair Corr
0.67	TPIPP-R	TPI POLENE POWER	Pair Corr
0.68	MORE	More Return Public	Pair Corr

Moving against THONBURI Stock

0.86	SCB-R	Siam Commercial	Pair Corr
0.77	SCB	SCB X Public	Pair Corr
0.63	BIZ	Business Alignment Public	Pair Corr
0.35	VGI-R	VGI Public	Pair Corr

Related Correlations Analysis

	TMD	ALT	BCH-R	GAHREIT	KWM	BH	SYMC	AHC
TMD		-0.35	-0.1	-0.15	-0.36	-0.06	-0.42	-0.38	TMD
ALT	-0.35		0.6	-0.01	0.82	0.58	0.9	0.73	ALT
BCH-R	-0.1	0.6		0.22	0.81	0.8	0.67	0.38	BCH-R
GAHREIT	-0.15	-0.01	0.22		0.16	0.02	-0.01	-0.1	GAHREIT
KWM	-0.36	0.82	0.81	0.16		0.79	0.92	0.65	KWM
BH	-0.06	0.58	0.8	0.02	0.79		0.72	0.42	BH
SYMC	-0.42	0.9	0.67	-0.01	0.92	0.72		0.79	SYMC
AHC	-0.38	0.73	0.38	-0.1	0.65	0.42	0.79		AHC
	TMD	ALT	BCH-R	GAHREIT	KWM	BH	SYMC	AHC

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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

SYMC	+ 0.92	KWM
SYMC	+ 0.9	ALT
KWM	+ 0.82	ALT
KWM	+ 0.81	BCH-R
BH	+ 0.8	BCH-R
BH	+ 0.79	KWM

High negative correlations

SYMC	- 0.42	TMD
AHC	- 0.38	TMD
KWM	- 0.36	TMD
ALT	- 0.35	TMD
GAHREIT	- 0.15	TMD
AHC	- 0.1	GAHREIT

Risk-Adjusted Indicators

There is a big difference between THONBURI Stock performing well and THONBURI HEALTHCARE 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 THONBURI HEALTHCARE'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
TMD	0.61	0.02	0.07	(0.57)	0.82	(0.92)	1.63	(1.62)	4.85
ALT	1.40	(0.45)	0.00	7.31	0.00	0.00	2.00	(3.77)	10.07
BCH-R	0.98	0.02	0.05	(0.19)	1.08	(2.18)	2.67	(2.46)	7.17
GAHREIT	0.75	0.04	0.08	(0.20)	0.91	(1.14)	1.50	(1.52)	5.14
KWM	1.39	(0.50)	0.00	0.76	0.00	0.00	3.00	(2.91)	12.79
BH	1.39	(0.10)	0.00	0.31	0.00	0.00	2.37	(2.77)	7.48
SYMC	1.98	(0.59)	0.00	(1.67)	0.00	0.00	3.90	(5.10)	12.36
AHC	1.22	(0.16)	0.00	0.38	0.00	0.00	1.36	(1.90)	21.40

Be your own money manager

Our tools can tell you how much better you can do entering a position in THONBURI HEALTHCARE 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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