Agripure Holdings Correlations
| APURE Stock | THB 4.12 0.04 0.96% |
The current 90-days correlation between Agripure Holdings Public and Minor International Public is 0.17 (i.e., Average diversification). The correlation of Agripure Holdings 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.
Agripure Holdings Correlation With Market
Average diversification
The correlation between Agripure Holdings Public and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Agripure Holdings Public and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Agripure Holdings could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Agripure Holdings 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 Agripure Holdings - 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 Agripure Holdings Public to buy it.
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