Thai Mitsuwa Correlations

TMW Stock  THB 55.50  0.25  0.45%   
The current 90-days correlation between Thai Mitsuwa Public and Sherwood Public is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thai Mitsuwa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thai Mitsuwa Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
  
The ability to find closely correlated positions to Thai Mitsuwa 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 Mitsuwa 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 Mitsuwa - 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 Mitsuwa Public to buy it.

Moving together with Thai Stock

  0.83STA Sri Trang AgroPairCorr
  0.9EPG Eastern Polymer GroupPairCorr
  0.86PTL Polyplex PublicPairCorr
  0.88SITHAI Srithai Superware PublicPairCorr
  0.87SALEE Salee Industry PublicPairCorr
  0.84TRUBB Thai Rubber LatexPairCorr
  0.61TOPP Thai OPP PublicPairCorr
  0.65MORE More Return PublicPairCorr

Moving against Thai Stock

  0.8SCB SCB X PublicPairCorr
  0.8SCB-R Siam CommercialPairCorr
  0.63GYT Goodyear PublicPairCorr
  0.62BIZ Business Alignment PublicPairCorr
  0.52KBANK-R Kasikornbank PublicPairCorr
  0.4KBANK Kasikornbank PublicPairCorr
  0.36KYE Kang Yong ElectricPairCorr

Related Correlations Analysis

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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   
UBISTMILL
UBISSWC
TMILLSWC
TVOUBIS
TVOTMILL
TVOSWC
  
High negative correlations   
TVOTCAP

Risk-Adjusted Indicators

There is a big difference between Thai Stock performing well and Thai Mitsuwa 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 Mitsuwa'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 Thai Mitsuwa 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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Thai Mitsuwa Corporate Management

Elected by the shareholders, the Thai Mitsuwa's board of directors comprises two types of representatives: Thai Mitsuwa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thai. The board's role is to monitor Thai Mitsuwa's management team and ensure that shareholders' interests are well served. Thai Mitsuwa'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, Thai Mitsuwa's outside directors are responsible for providing unbiased perspectives on the board's policies.