Thonburi Healthcare Correlations
| THG Stock | THB 8.80 0.05 0.57% |
The current 90-days correlation between Thonburi Healthcare Grp and Bangkok Chain Hospital is -0.24 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thonburi Healthcare moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thonburi Healthcare Grp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Thonburi Healthcare Correlation With Market
Modest diversification
The correlation between Thonburi Healthcare Grp and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thonburi Healthcare Grp and DJI in the same portfolio, assuming nothing else is changed.
Thonburi |
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 Grp to buy it.
Moving together with Thonburi Stock
| 0.89 | GRAMMY | GMM Grammy Public | PairCorr |
| 0.72 | THRE | Thai Reinsurance Public | PairCorr |
| 0.73 | ROJNA | Rojana Industrial Park | PairCorr |
| 0.68 | AMANAH | Amanah Leasing Public | PairCorr |
| 0.77 | ACC | Advanced Connection | PairCorr |
| 0.69 | MATI | Matichon Public | PairCorr |
Moving against Thonburi Stock
| 0.89 | PICO | Pico Public | PairCorr |
| 0.79 | PT | Premier Technology Public | PairCorr |
| 0.55 | PACO | President Automobile | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
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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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BDMS | 1.22 | (0.03) | 0.00 | (0.19) | 0.00 | 2.82 | 8.58 | |||
| BCH | 1.72 | (0.09) | 0.00 | 0.40 | 0.00 | 4.23 | 9.84 | |||
| BH | 1.50 | (0.09) | 0.00 | 0.55 | 0.00 | 3.18 | 11.49 | |||
| CHG | 1.87 | (0.50) | 0.00 | 103.29 | 0.00 | 4.90 | 11.41 | |||
| VIBHA | 1.12 | (0.32) | 0.00 | (1.71) | 0.00 | 2.05 | 7.59 |
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.Did you try this?
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Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
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Thonburi Healthcare Corporate Management
Elected by the shareholders, the Thonburi Healthcare's board of directors comprises two types of representatives: Thonburi Healthcare inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thonburi. The board's role is to monitor Thonburi Healthcare's management team and ensure that shareholders' interests are well served. Thonburi Healthcare'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, Thonburi Healthcare's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jinda Ariyapornpong | Corp Compliance | Profile | |
| Hathaichanok Pangnoi | Head Audit | Profile | |
| Suwadee Puntpanich | Acting Chief Operation Officer - Group 2, Corporate Secretary | Profile | |
| Tanatip MD | CEO Chairman | Profile |