Ekarat Engineering Correlations

AKR Stock

THB 0.99 0.02 1.98%

The current 90-days correlation between Ekarat Engineering Public and SE Education Public is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ekarat Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ekarat Engineering Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Ekarat Engineering Correlation With Market

Good diversification

The correlation between Ekarat Engineering Public and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ekarat Engineering Public and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Ekarat Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ekarat Engineering 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 Ekarat Engineering - 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 Ekarat Engineering Public to buy it.

Moving against Ekarat Stock

0.51	CPALL	CP ALL Public	Pair Corr
0.51	CPALL-R	CP ALL Public	Pair Corr
0.45	PTTGC	PTT Global Chemical	Pair Corr
0.45	SCC	Siam Cement	Pair Corr
0.42	PTT-R	PTT Public	Pair Corr
0.42	PTT	PTT Public	Pair Corr
0.42	CPF	Charoen Pokphand Foods	Pair Corr
0.42	CPF-R	Charoen Pokphand Foods	Pair Corr

Related Correlations Analysis

	CRC	CPNREIT	DOHOME-R	SE-ED	MTI	DOHOME	HMPRO
CRC		0.39	-0.55	-0.37	-0.58	-0.55	-0.17	CRC
CPNREIT	0.39		-0.33	-0.13	-0.35	-0.33	-0.15	CPNREIT
DOHOME-R	-0.55	-0.33		0.51	0.28	1.0	0.79	DOHOME-R
SE-ED	-0.37	-0.13	0.51		0.12	0.51	0.5	SE-ED
MTI	-0.58	-0.35	0.28	0.12		0.28	0.12	MTI
DOHOME	-0.55	-0.33	1.0	0.51	0.28		0.79	DOHOME
HMPRO	-0.17	-0.15	0.79	0.5	0.12	0.79		HMPRO
	CRC	CPNREIT	DOHOME-R	SE-ED	MTI	DOHOME	HMPRO

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

DOHOME	+ 1.0	DOHOME-R
HMPRO	+ 0.79	DOHOME-R
HMPRO	+ 0.79	DOHOME
SE-ED	+ 0.51	DOHOME-R
DOHOME	+ 0.51	SE-ED
HMPRO	+ 0.5	SE-ED

High negative correlations

MTI	- 0.58	CRC
DOHOME	- 0.55	CRC
DOHOME-R	- 0.55	CRC
SE-ED	- 0.37	CRC
MTI	- 0.35	CPNREIT
DOHOME	- 0.33	CPNREIT

Risk-Adjusted Indicators

There is a big difference between Ekarat Stock performing well and Ekarat Engineering 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 Ekarat Engineering'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
CRC	1.42	0.12	0.02	(4.36)	1.53	(1.75)	2.94	(2.86)	10.15
CPNREIT	1.04	0.02	(0.01)	0.14	1.35	(1.44)	2.50	(3.26)	6.68
DOHOME-R	1.62	(0.36)	0.00	(0.56)	0.00	0.00	4.29	(2.96)	13.40
SE-ED	0.78	0.01	0.00	0.05	0.00	0.00	2.94	(2.86)	8.82
MTI	0.55	(0.03)	0.00	(0.79)	0.00	0.00	0.96	(0.94)	4.62
DOHOME	1.62	(0.36)	0.00	(0.56)	0.00	0.00	4.29	(2.96)	13.40
HMPRO	1.59	(0.14)	0.00	(0.08)	0.00	0.00	3.55	(3.63)	9.56

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ekarat Engineering 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 AI Portfolio Architect Now

AI Portfolio Architect

Use AI to generate optimal portfolios and find profitable investment opportunities

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC