Thonburi Healthcare Correlations

THG Stock  THB 10.40  0.60  5.45%   
The current 90-days correlation between Thonburi Healthcare Grp and Bangkok Chain Hospital is 0.19 (i.e., Average 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

Average diversification

The correlation between Thonburi Healthcare Grp and DJI is 0.14 (i.e., Average 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.
  
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

  0.81BAY Bank of AyudhyaPairCorr
  0.64PTT PTT PublicPairCorr
  0.82MORE More Return PublicPairCorr

Moving against Thonburi Stock

  0.76KTB Krung Thai BankPairCorr
  0.71SCB SCB X PublicPairCorr
  0.66SCB-R Siam CommercialPairCorr
  0.52KBANK-R Kasikornbank PublicPairCorr
  0.46KBANK Kasikornbank PublicPairCorr
  0.37BBL Bangkok Bank PublicPairCorr

Related Correlations Analysis

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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.

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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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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.
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