Asian Phytoceuticals Correlations
| APCO Stock | THB 4.86 0.10 2.02% |
The current 90-days correlation between Asian Phytoceuticals and Agripure Holdings Public is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asian Phytoceuticals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asian Phytoceuticals Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Asian Phytoceuticals Correlation With Market
Good diversification
The correlation between Asian Phytoceuticals 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 Asian Phytoceuticals Public and DJI in the same portfolio, assuming nothing else is changed.
Asian |
The ability to find closely correlated positions to Asian Phytoceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asian Phytoceuticals 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 Asian Phytoceuticals - 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 Asian Phytoceuticals Public to buy it.
Moving together with Asian Stock
Moving against Asian Stock
| 0.78 | GRAMMY | GMM Grammy Public | PairCorr |
| 0.73 | RCL | Regional Container Lines | PairCorr |
| 0.58 | ACC | Advanced Connection | PairCorr |
| 0.54 | ROJNA | Rojana Industrial Park | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Asian Stock performing well and Asian Phytoceuticals 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 Asian Phytoceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APURE | 0.90 | 0.03 | (0.05) | 0.24 | 0.95 | 2.33 | 7.61 | |||
| AMANAH | 1.72 | (0.12) | 0.00 | 0.46 | 0.00 | 4.27 | 14.41 | |||
| AGE | 1.13 | (0.02) | (0.06) | (0.01) | 1.45 | 3.33 | 16.62 | |||
| APCS | 1.70 | (0.16) | 0.00 | 0.75 | 0.00 | 3.11 | 11.47 | |||
| CGH | 0.87 | (0.02) | 0.00 | 0.27 | 0.00 | 2.82 | 8.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Asian Phytoceuticals 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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