| TM Stock | | | THB 1.02 0.01 0.99% |
The current 90-days correlation between Techno Medical Public and Land and Houses is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Techno Medical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Techno Medical Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Techno Medical Correlation With Market
Average diversification
The correlation between Techno Medical Public and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Techno Medical Public and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Techno Medical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Techno Medical 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 Techno Medical - 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 Techno Medical Public to buy it.
Moving together with Techno Stock
Moving against Techno Stock
Related Correlations Analysis
Risk-Adjusted IndicatorsThere is a big difference between Techno Stock performing well and Techno Medical 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 Techno Medical'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 Techno Medical 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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Techno Medical Corporate Management
Elected by the shareholders, the Techno Medical's board of directors comprises two types of representatives: Techno Medical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Techno. The board's role is to monitor Techno Medical's management team and ensure that shareholders' interests are well served. Techno Medical'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, Techno Medical's outside directors are responsible for providing unbiased perspectives on the board's policies.