Thai Rubber Correlations
| TRUBB Stock | THB 0.65 0.04 5.80% |
The current 90-days correlation between Thai Rubber Latex and Thoresen Thai Agencies is 0.27 (i.e., Modest diversification). The correlation of Thai Rubber 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.
Thai Rubber Correlation With Market
Good diversification
The correlation between Thai Rubber Latex and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thai Rubber Latex and DJI in the same portfolio, assuming nothing else is changed.
Thai |
The ability to find closely correlated positions to Thai Rubber 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 Rubber 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 Rubber - 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 Rubber Latex to buy it.
Moving together with Thai Stock
| 0.83 | STA | Sri Trang Agro | PairCorr |
| 0.9 | EPG | Eastern Polymer Group | PairCorr |
| 0.76 | PTL | Polyplex Public | PairCorr |
| 0.63 | SUC | Saha Union Public | PairCorr |
| 0.85 | SITHAI | Srithai Superware Public | PairCorr |
| 0.65 | IRC | Inoue Rubber Public | PairCorr |
| 0.76 | SALEE | Salee Industry Public | PairCorr |
| 0.64 | TOPP | Thai OPP Public | PairCorr |
| 0.73 | MORE | More Return Public | PairCorr |
Moving against Thai Stock
| 0.77 | SCB | SCB X Public | PairCorr |
| 0.76 | SCB-R | Siam Commercial | PairCorr |
| 0.66 | BIZ | Business Alignment Public | PairCorr |
| 0.45 | GYT | Goodyear Public | PairCorr |
| 0.42 | KYE | Kang Yong Electric | PairCorr |
| 0.36 | KBANK-R | Kasikornbank Public | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Thai Stock performing well and Thai Rubber 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 Rubber'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TTA | 1.88 | (0.31) | 0.00 | (0.99) | 0.00 | 3.92 | 10.70 | |||
| STA | 1.56 | (0.19) | 0.00 | (0.93) | 0.00 | 3.45 | 8.02 | |||
| TPIPL | 1.04 | (0.29) | 0.00 | (1.65) | 0.00 | 1.77 | 4.93 | |||
| THANI | 2.00 | 0.02 | 0.00 | (0.03) | 0.00 | 4.64 | 32.95 | |||
| TU | 1.47 | (0.22) | 0.00 | 7.26 | 0.00 | 2.65 | 10.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thai Rubber 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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