BANPU POWER Correlations

BPP-R Stock

THB 8.90 3.31 27.11%

The current 90-days correlation between BANPU POWER and Electricity Generating Public is -0.08 (i.e., Good diversification). The correlation of BANPU POWER 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.

BANPU POWER Correlation With Market

Good diversification

The correlation between BANPU POWER and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BANPU POWER and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BANPU POWER could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BANPU POWER 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 BANPU POWER - 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 BANPU POWER to buy it.

Moving together with BANPU Stock

0.63	BGRIM	BGrimm Power Public	Pair Corr
0.69	SUPER	Super Energy	Pair Corr
0.63	SPCG	SPCG Public	Pair Corr
0.83	TPCH	TPC Power Holding	Pair Corr
0.8	PTT-R	PTT Public	Pair Corr
0.8	PTT	PTT Public	Pair Corr
0.68	CPALL	CP ALL Public	Pair Corr
0.68	CPALL-R	CP ALL Public	Pair Corr
0.94	SCC-R	Siam Cement	Pair Corr
0.78	SCC	Siam Cement	Pair Corr
0.71	CPF	Charoen Pokphand Foods	Pair Corr
0.71	CPF-R	Charoen Pokphand Foods	Pair Corr

Moving against BANPU Stock

0.92	GULF-R	GULF ENERGY DEVELOPMENT	Pair Corr
0.78	UREKA	Eureka Design Public	Pair Corr
0.74	KBANK	Kasikornbank Public	Pair Corr

Related Correlations Analysis

	EGCO-R	RATCH-R	ERW	ACG	DITTO	ETE	PYLON	DCON	PB	VCOM
EGCO-R		-0.05	0.57	0.54	0.44	0.38	0.52	0.47	0.13	0.54	EGCO-R
RATCH-R	-0.05		0.17	0.2	0.36	0.33	0.29	0.33	-0.03	0.27	RATCH-R
ERW	0.57	0.17		0.69	0.74	0.68	0.56	0.67	0.21	0.7	ERW
ACG	0.54	0.2	0.69		0.78	0.88	0.92	0.8	-0.02	0.96	ACG
DITTO	0.44	0.36	0.74	0.78		0.82	0.75	0.77	0.24	0.82	DITTO
ETE	0.38	0.33	0.68	0.88	0.82		0.93	0.84	0.1	0.92	ETE
PYLON	0.52	0.29	0.56	0.92	0.75	0.93		0.82	0.07	0.94	PYLON
DCON	0.47	0.33	0.67	0.8	0.77	0.84	0.82		0.1	0.86	DCON
PB	0.13	-0.03	0.21	-0.02	0.24	0.1	0.07	0.1		0.04	PB
VCOM	0.54	0.27	0.7	0.96	0.82	0.92	0.94	0.86	0.04		VCOM
	EGCO-R	RATCH-R	ERW	ACG	DITTO	ETE	PYLON	DCON	PB	VCOM

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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

VCOM	+ 0.96	ACG
VCOM	+ 0.94	PYLON
PYLON	+ 0.93	ETE
PYLON	+ 0.92	ACG
VCOM	+ 0.92	ETE
ETE	+ 0.88	ACG

High negative correlations

RATCH-R	- 0.05	EGCO-R
PB	- 0.03	RATCH-R
PB	- 0.02	ACG

Risk-Adjusted Indicators

There is a big difference between BANPU Stock performing well and BANPU POWER 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 BANPU POWER'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
EGCO-R	1.05	(0.13)	0.00	2.18	0.00	0.00	2.10	(2.16)	5.69
RATCH-R	0.97	(0.36)	0.00	0.95	0.00	0.00	1.49	(2.82)	16.25
ERW	1.74	(0.50)	0.00	(7.18)	0.00	0.00	4.17	(4.15)	11.87
ACG	1.50	(0.46)	0.00	(1.14)	0.00	0.00	2.25	(5.56)	10.35
DITTO	2.63	(0.45)	0.00	(1.92)	0.00	0.00	5.98	(5.59)	20.37
ETE	1.53	(0.48)	0.00	23.34	0.00	0.00	2.33	(3.26)	10.85
PYLON	0.93	(0.33)	0.00	1.33	0.00	0.00	1.59	(2.75)	6.37
DCON	1.46	(0.17)	0.00	0.35	0.00	0.00	3.45	(3.33)	10.00
PB	0.55	0.03	0.01	(0.75)	0.65	(1.06)	1.69	(1.67)	4.66
VCOM	0.83	(0.40)	0.00	3.11	0.00	0.00	0.85	(2.24)	6.38

Be your own money manager

Our tools can tell you how much better you can do entering a position in BANPU POWER 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.

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