Business Online Correlations
| BOL Stock | THB 5.95 0.05 0.83% |
The current 90-days correlation between Business Online PCL and Moong Pattana International is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Business Online moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Business Online PCL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Business Online Correlation With Market
Good diversification
The correlation between Business Online PCL and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Business Online PCL and DJI in the same portfolio, assuming nothing else is changed.
Business |
The ability to find closely correlated positions to Business Online could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Business Online 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 Business Online - 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 Business Online PCL to buy it.
Moving against Business Stock
| 0.49 | ASN | ASN Broker Public | PairCorr |
| 0.43 | SLP | Salee Printing Public | PairCorr |
| 0.36 | STGT-R | SRI TRANG GLOVES | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Business Stock performing well and Business Online 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 Business Online'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MOONG | 0.79 | 0.02 | (0.04) | 0.21 | 1.04 | 1.89 | 5.57 | |||
| PT | 0.56 | 0.15 | 0.04 | 2.51 | 0.27 | 1.57 | 5.25 | |||
| TMW | 0.85 | 0.27 | 0.09 | (0.84) | 0.61 | 2.79 | 6.45 | |||
| ERW | 1.34 | 0.18 | 0.01 | (0.39) | 1.49 | 4.17 | 14.40 | |||
| AOT | 0.82 | 0.03 | (0.09) | 3.76 | 0.85 | 2.07 | 5.57 | |||
| ETE | 1.38 | (0.19) | 0.00 | 0.87 | 0.00 | 3.74 | 9.12 | |||
| ASIAN | 1.45 | (0.11) | 0.00 | 0.73 | 0.00 | 3.89 | 8.38 | |||
| GUNKUL | 1.95 | 0.15 | (0.02) | (0.08) | 2.14 | 4.00 | 11.36 | |||
| ONEE | 1.72 | 0.11 | 0.00 | 0.75 | 1.62 | 4.14 | 13.60 | |||
| DCON | 2.05 | 0.14 | 0.01 | 2.81 | 1.96 | 6.25 | 24.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Business Online 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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| All Next | Launch Module |
Business Online Corporate Management
Elected by the shareholders, the Business Online's board of directors comprises two types of representatives: Business Online inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Business. The board's role is to monitor Business Online's management team and ensure that shareholders' interests are well served. Business Online'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, Business Online's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wiroon Ariyasoonthorn | Assistant Mang | Profile | |
| Parissara Jaturaphitjaroen | Chief Officer | Profile | |
| Intira Inturattana | Chief Officer | Profile | |
| Mina Intanate | Company COO | Profile |