Ziga Innovation Correlations
| ZIGA Stock | THB 1.01 0.01 0.98% |
The current 90-days correlation between Ziga Innovation Public and Union Petrochemical Public is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ziga Innovation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ziga Innovation Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ziga Innovation Correlation With Market
Significant diversification
The correlation between Ziga Innovation Public and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ziga Innovation Public and DJI in the same portfolio, assuming nothing else is changed.
Ziga |
The ability to find closely correlated positions to Ziga Innovation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ziga Innovation 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 Ziga Innovation - 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 Ziga Innovation Public to buy it.
Moving together with Ziga Stock
| 0.9 | STPI | STPI Public | PairCorr |
| 0.81 | SMPC | Sahamitr Pressure | PairCorr |
| 0.96 | APCS | Asia Precision Public | PairCorr |
| 0.67 | FMT | Fine Metal Technologies | PairCorr |
| 0.86 | SCI | SCI Electric Public | PairCorr |
| 0.93 | UEC | Unimit Engineering Public | PairCorr |
| 0.81 | CSP | CSP Steel Center | PairCorr |
| 0.93 | PTTGC | PTT Global Chemical | PairCorr |
| 0.8 | CPALL | CP ALL Public | PairCorr |
| 0.8 | CPALL-R | CP ALL Public | PairCorr |
| 0.8 | SCC-R | Siam Cement | PairCorr |
Moving against Ziga Stock
| 0.88 | CIMBT | CIMB Thai Bank | PairCorr |
| 0.8 | K | Kingsmen CMTI Public | PairCorr |
| 0.59 | YUASA | Yuasa Battery Public | PairCorr |
| 0.4 | CPF | Charoen Pokphand Foods | PairCorr |
| 0.4 | CPF-R | Charoen Pokphand Foods | PairCorr |
| 0.34 | PACO | President Automobile | PairCorr |
| 0.33 | SPRIME | S Prime Growth | PairCorr |
Related Correlations Analysis
| 0.95 | 0.08 | 0.97 | 0.93 | JAS | ||
| 0.95 | 0.19 | 0.96 | 0.91 | JMART | ||
| 0.08 | 0.19 | 0.11 | 0.07 | UKEM | ||
| 0.97 | 0.96 | 0.11 | 0.94 | GUNKUL | ||
| 0.93 | 0.91 | 0.07 | 0.94 | KCE | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Ziga Stock performing well and Ziga Innovation 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 Ziga Innovation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JAS | 1.77 | (0.40) | 0.00 | (0.69) | 0.00 | 3.06 | 9.68 | |||
| JMART | 2.33 | (0.44) | 0.00 | (0.70) | 0.00 | 4.12 | 14.89 | |||
| UKEM | 5.03 | 0.19 | 0.03 | 0.60 | 5.20 | 25.00 | 51.62 | |||
| GUNKUL | 1.90 | (0.42) | 0.00 | (0.71) | 0.00 | 3.64 | 11.52 | |||
| KCE | 2.33 | (0.18) | 0.00 | (1.55) | 0.00 | 6.23 | 16.80 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ziga Innovation 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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Ziga Innovation Corporate Management
Elected by the shareholders, the Ziga Innovation's board of directors comprises two types of representatives: Ziga Innovation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ziga. The board's role is to monitor Ziga Innovation's management team and ensure that shareholders' interests are well served. Ziga Innovation'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, Ziga Innovation's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Valarlak Ngamchitcharoen | Director MD | Profile | |
| Montha Thassatan | Director Director | Profile | |
| Thanida Kriangpanit | Company Relations | Profile | |
| Thitiporn Kiewyoung | Director Fin | Profile | |
| Suppakit Ngamchitcharoen | CEO Director | Profile |