ASIA Capital Correlations
The current 90-days correlation between ASIA Capital Group and Ramkhamhaeng Hospital Public is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ASIA Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ASIA Capital Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
ASIA Capital Correlation With Market
Significant diversification
The correlation between ASIA Capital Group 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 ASIA Capital Group and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to ASIA Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ASIA Capital 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 ASIA Capital - 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 ASIA Capital Group to buy it.
Moving together with ASIA Stock
Related Correlations Analysis
| 0.37 | 0.37 | 0.17 | -0.4 | -0.84 | RAM | ||
| 0.37 | 0.81 | 0.82 | 0.21 | -0.59 | BPS | ||
| 0.37 | 0.81 | 0.8 | 0.15 | -0.59 | PACO | ||
| 0.17 | 0.82 | 0.8 | 0.25 | -0.38 | NAT | ||
| -0.4 | 0.21 | 0.15 | 0.25 | 0.19 | SICT | ||
| -0.84 | -0.59 | -0.59 | -0.38 | 0.19 | PR9 | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between ASIA Stock performing well and ASIA Capital 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 ASIA Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RAM | 1.08 | (0.28) | 0.00 | 7.32 | 0.00 | 1.81 | 10.89 | |||
| BPS | 2.67 | (0.29) | 0.00 | 0.75 | 0.00 | 7.25 | 20.07 | |||
| PACO | 1.04 | (0.14) | 0.00 | 0.58 | 0.00 | 1.48 | 7.63 | |||
| NAT | 1.62 | (0.10) | 0.00 | (0.17) | 0.00 | 3.81 | 17.99 | |||
| SICT | 2.55 | (0.11) | 0.00 | (0.15) | 0.00 | 6.84 | 28.36 | |||
| PR9 | 1.49 | 0.43 | 0.18 | 1.74 | 1.40 | 3.56 | 11.23 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ASIA Capital 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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ASIA Capital Corporate Management
Elected by the shareholders, the ASIA Capital's board of directors comprises two types of representatives: ASIA Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ASIA. The board's role is to monitor ASIA Capital's management team and ensure that shareholders' interests are well served. ASIA Capital'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, ASIA Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pimwalun Suwattikul | Sec | Profile | |
| Khemnij Ariyaratchatopa | Company Sec | Profile | |
| Sugunya Sukjaroenkraisri | Ex Director | Profile | |
| Sematat Chuntamongkol | Deputy Fin | Profile | |
| Phaitoon Aroonpunt | CFO Director | Profile | |
| Anuchai Vitnalakorn | Acting Director | Profile | |
| Miss Koonteekarn | Head Compliance | Profile |