Carabao Group Correlations
| CBG Stock | THB 79.50 0.75 0.95% |
The current 90-days correlation between Carabao Group Public and Minor International Public is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Carabao Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Carabao Group Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Carabao Group Correlation With Market
Good diversification
The correlation between Carabao Group Public and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Carabao Group Public and DJI in the same portfolio, assuming nothing else is changed.
Carabao |
The ability to find closely correlated positions to Carabao Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Carabao Group 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 Carabao Group - 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 Carabao Group Public to buy it.
Moving together with Carabao Stock
| 0.91 | GRAMMY | GMM Grammy Public | PairCorr |
| 0.86 | ROJNA | Rojana Industrial Park | PairCorr |
| 0.87 | ACC | Advanced Connection | PairCorr |
| 0.69 | RCL | Regional Container Lines | PairCorr |
Moving against Carabao Stock
Related Correlations Analysis
| 0.74 | 0.47 | 0.85 | 0.56 | CPALL | ||
| 0.74 | 0.38 | 0.84 | 0.08 | MINT | ||
| 0.47 | 0.38 | 0.43 | 0.26 | SAWAD | ||
| 0.85 | 0.84 | 0.43 | 0.26 | HMPRO | ||
| 0.56 | 0.08 | 0.26 | 0.26 | ADVANC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Carabao Stock performing well and Carabao Group 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 Carabao Group'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPALL | 0.94 | 0.13 | 0.02 | (1.90) | 0.92 | 2.38 | 7.61 | |||
| MINT | 1.06 | 0.05 | (0.02) | 0.27 | 1.04 | 1.98 | 9.06 | |||
| SAWAD | 1.72 | 0.15 | 0.03 | 2.32 | 1.71 | 4.97 | 10.43 | |||
| HMPRO | 1.72 | 0.26 | 0.10 | 0.89 | 1.46 | 3.79 | 14.11 | |||
| ADVANC | 1.18 | 0.22 | 0.09 | 0.95 | 1.29 | 2.71 | 12.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Carabao Group 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 Headlines Timeline Now
Headlines TimelineStay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
| All Next | Launch Module |