Synergetic Auto Correlations
| ASAP Stock | THB 1.25 0.01 0.79% |
The current 90-days correlation between Synergetic Auto Perf and Phatra Leasing Public is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Synergetic Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synergetic Auto Performance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Synergetic Auto Correlation With Market
Excellent diversification
The correlation between Synergetic Auto Performance and DJI is -0.53 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synergetic Auto Performance and DJI in the same portfolio, assuming nothing else is changed.
Synergetic |
The ability to find closely correlated positions to Synergetic Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synergetic Auto 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 Synergetic Auto - 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 Synergetic Auto Performance to buy it.
Moving against Synergetic Stock
| 0.5 | WINNER | Winner Group Enterprise | PairCorr |
| 0.45 | AOT | Airports Of Thailand | PairCorr |
| 0.44 | PRM | Prima Marine Public Earnings Call This Week | PairCorr |
| 0.41 | BAREIT | BA Airport Leasehold | PairCorr |
| 0.4 | PRG | PRG Public | PairCorr |
| 0.38 | LH | Land and Houses Earnings Call This Week | PairCorr |
| 0.34 | CENTEL | Central Plaza Hotel Earnings Call This Week | PairCorr |
| 0.33 | TNITY | Trinity Watthana Public | PairCorr |
| 0.51 | YUASA | Yuasa Battery Public | PairCorr |
| 0.45 | SPCG | SPCG Public Earnings Call This Week | PairCorr |
| 0.31 | APP | Applicad Public | PairCorr |
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between Synergetic Stock performing well and Synergetic Auto 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 Synergetic Auto'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PL | 0.68 | 0.13 | 0.04 | 0.84 | 1.00 | 1.50 | 6.16 | |||
| CPT | 0.52 | 0.03 | (0.03) | (1.83) | 0.53 | 2.04 | 5.11 | |||
| FTI | 1.81 | 0.19 | 0.06 | 0.51 | 2.34 | 5.00 | 12.59 | |||
| VL | 0.87 | 0.08 | 0.01 | (0.74) | 0.95 | 1.30 | 6.27 | |||
| BM | 2.11 | (0.21) | 0.00 | (2.46) | 0.00 | 4.00 | 16.23 | |||
| TRT | 0.96 | 0.36 | 0.21 | 8.81 | 1.05 | 2.30 | 6.06 | |||
| KIAT | 1.62 | 0.26 | 0.04 | (0.20) | 1.72 | 3.45 | 9.16 | |||
| SCI | 2.20 | (0.31) | 0.00 | (0.52) | 0.00 | 5.43 | 17.05 | |||
| SVT | 0.93 | 0.30 | 0.11 | (0.83) | 1.05 | 2.36 | 8.82 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Synergetic Auto 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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Synergetic Auto Corporate Management
Elected by the shareholders, the Synergetic Auto's board of directors comprises two types of representatives: Synergetic Auto inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Synergetic. The board's role is to monitor Synergetic Auto's management team and ensure that shareholders' interests are well served. Synergetic Auto'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, Synergetic Auto's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Songvit Titipoonya | Deputy CEO | Profile | |
| Somkit Pipopwattana | Chief Officer | Profile | |
| Saranphat Trairat | Chief Accountant | Profile | |
| Prateep Silruk | Deputy CFO | Profile |