Bangkok Chain Correlations
| BCH Stock | THB 16.20 0.40 2.53% |
The current 90-days correlation between Bangkok Chain Hospital and Chularat Hospital Public is 0.52 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bangkok Chain moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bangkok Chain Hospital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bangkok Chain Correlation With Market
Average diversification
The correlation between Bangkok Chain Hospital 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 Bangkok Chain Hospital and DJI in the same portfolio, assuming nothing else is changed.
Bangkok |
The ability to find closely correlated positions to Bangkok Chain could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bangkok Chain 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 Bangkok Chain - 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 Bangkok Chain Hospital to buy it.
Related Correlations Analysis
| -0.01 | 0.77 | -0.23 | 0.62 | BDMS | ||
| -0.01 | 0.26 | 0.69 | 0.55 | CHG | ||
| 0.77 | 0.26 | -0.25 | 0.49 | BH | ||
| -0.23 | 0.69 | -0.25 | 0.52 | ADVANC | ||
| 0.62 | 0.55 | 0.49 | 0.52 | CPALL | ||
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Bangkok Stock performing well and Bangkok Chain 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 Bangkok Chain'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BDMS | 1.06 | (0.11) | 0.00 | (0.20) | 0.00 | 1.78 | 6.06 | |||
| CHG | 1.53 | 0.02 | (0.02) | 0.18 | 1.85 | 3.13 | 8.48 | |||
| BH | 1.27 | (0.26) | 0.00 | 3.34 | 0.00 | 2.46 | 14.38 | |||
| ADVANC | 1.19 | 0.23 | 0.08 | 0.97 | 1.30 | 2.71 | 12.71 | |||
| CPALL | 0.95 | 0.11 | (0.02) | (1.11) | 0.94 | 2.38 | 7.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bangkok Chain 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 Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |
Bangkok Chain Corporate Management
Elected by the shareholders, the Bangkok Chain's board of directors comprises two types of representatives: Bangkok Chain inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bangkok. The board's role is to monitor Bangkok Chain's management team and ensure that shareholders' interests are well served. Bangkok Chain'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, Bangkok Chain's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pornsuda Harnphanich | VP CFO | Profile | |
| Kantaporn MD | Chief Director | Profile | |
| Saifon Chaimongkol | Director Department | Profile | |
| Voravee Kiatiniyomsak | Company Accounting | Profile | |
| Surapant MD | Member Committee | Profile |