BANGCHAK P Correlations
| 7BP Stock | EUR 0.79 0.04 5.33% |
The current 90-days correlation between BANGCHAK P FGN and Esso Public is 0.37 (i.e., Weak diversification). The correlation of BANGCHAK P 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.
BANGCHAK P Correlation With Market
Average diversification
The correlation between BANGCHAK P FGN and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BANGCHAK P FGN and DJI in the same portfolio, assuming nothing else is changed.
BANGCHAK |
The ability to find closely correlated positions to BANGCHAK P could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BANGCHAK P 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 BANGCHAK P - 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 BANGCHAK P FGN to buy it.
Moving together with BANGCHAK Stock
| 0.76 | RLI | Reliance Industries | PairCorr |
| 0.84 | NEF | Neste Oyj | PairCorr |
| 0.85 | NEFA | NESTE OYJ UNSPADR | PairCorr |
| 0.8 | PKY1 | Polski Koncern Naftowy | PairCorr |
| 0.93 | 7F8 | PTT OIL+RETBUS-FOR-B | PairCorr |
| 0.85 | PQ9 | BANK MANDIRI | PairCorr |
| 0.78 | PQ9 | PT Bank Mandiri | PairCorr |
| 0.63 | PQ9 | BANK MANDIRI | PairCorr |
| 0.81 | PQ9 | BANK MANDIRI | PairCorr |
| 0.82 | BYRA | PT Bank Rakyat | PairCorr |
| 0.67 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.83 | BYRA | BANK RAKYAT IND | PairCorr |
| 0.72 | BYRA | PT Bank Rakyat | PairCorr |
| 0.71 | PTI | Perusahaan Perseroan | PairCorr |
| 0.74 | TCID | Telkom Indonesia Tbk | PairCorr |
Moving against BANGCHAK Stock
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in BANGCHAK P 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?
Run Stock Tickers Now
Stock TickersUse high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites |
| All Next | Launch Module |
BANGCHAK P Corporate Management
Elected by the shareholders, the BANGCHAK P's board of directors comprises two types of representatives: BANGCHAK P inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BANGCHAK. The board's role is to monitor BANGCHAK P's management team and ensure that shareholders' interests are well served. BANGCHAK P'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, BANGCHAK P's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pakawadee Junrayapes | Executive Vice President of Sustainability Development and Corporate Compliance, Company Secretary | Profile | |
| Bandit Saphiarachai | Vice President | Profile | |
| Sattaya Mahattanaphanij | Executive Vice President | Profile | |
| Phatpuree Chinkkulkitnivat | Executive Vice President | Profile | |
| Chantip Wongchieowittaya | Acting Vice President - Corporate Accountancy | Profile | |
| Phongchai Chaichirawiwat | Vice President of Marketing | Profile | |
| Vitch Devahasdin | Independent Director | Profile |