Union Plastic Correlations
| UP Stock | THB 16.80 0.10 0.60% |
The current 90-days correlation between Union Plastic Public and Thai Poly Acrylic is -0.17 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Union Plastic moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Union Plastic Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Union Plastic Correlation With Market
Very good diversification
The correlation between Union Plastic Public and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Plastic Public and DJI in the same portfolio, assuming nothing else is changed.
Union |
The ability to find closely correlated positions to Union Plastic could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Union Plastic 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 Union Plastic - 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 Union Plastic Public to buy it.
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Union Stock performing well and Union Plastic 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 Union Plastic'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TPA | 3.46 | (0.13) | 0.00 | 0.19 | 0.00 | 10.84 | 28.43 | |||
| UPF | 1.19 | (0.20) | 0.00 | (0.64) | 0.00 | 2.90 | 14.51 | |||
| UV | 0.98 | (0.39) | 0.00 | (1.79) | 0.00 | 1.27 | 10.79 | |||
| THIP | 0.65 | (0.20) | 0.00 | (7.87) | 0.00 | 0.89 | 4.55 |
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Our tools can tell you how much better you can do entering a position in Union Plastic 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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Union Plastic Corporate Management
Elected by the shareholders, the Union Plastic's board of directors comprises two types of representatives: Union Plastic inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Union. The board's role is to monitor Union Plastic's management team and ensure that shareholders' interests are well served. Union Plastic'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, Union Plastic's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sauwanee Thairungroj | Independent Director | Profile | |
| Chadaporn Jiemsakultip | Company Sec | Profile | |
| Nanthiya Darakanon | Director | Profile | |
| Suthi Phadetpai | Managing Director, Director | Profile | |
| Chadaphorn Chiamsakunthip | Company Secretary | Profile | |
| Wacharaphong Darakanon | Director | Profile | |
| Jutatip Arunaondchai | Independent Director | Profile |