Central Plaza Correlations

CENTEL Stock

THB 37.50 0.50 1.32%

The current 90-days correlation between Central Plaza Hotel and SCB X Public is 0.27 (i.e., Modest diversification). The correlation of Central Plaza 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.

Central Plaza Correlation With Market

Good diversification

The correlation between Central Plaza Hotel and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Central Plaza Hotel and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	SCB	KBANK	PTT	KBANK-R	SCB-R	PTT-R	BBL	KTB	KTB-R
SCB		0.43	-0.21	0.37	0.2	-0.21	0.49	0.69	0.69	SCB
KBANK	0.43		0.03	0.99	0.05	0.03	0.94	0.6	0.6	KBANK
PTT	-0.21	0.03		0.05	-0.04	1.0	0.08	0.03	0.03	PTT
KBANK-R	0.37	0.99	0.05		0.03	0.05	0.92	0.53	0.53	KBANK-R
SCB-R	0.2	0.05	-0.04	0.03		-0.04	0.07	0.08	0.08	SCB-R
PTT-R	-0.21	0.03	1.0	0.05	-0.04		0.08	0.03	0.03	PTT-R
BBL	0.49	0.94	0.08	0.92	0.07	0.08		0.76	0.76	BBL
KTB	0.69	0.6	0.03	0.53	0.08	0.03	0.76		1.0	KTB
KTB-R	0.69	0.6	0.03	0.53	0.08	0.03	0.76	1.0		KTB-R
	SCB	KBANK	PTT	KBANK-R	SCB-R	PTT-R	BBL	KTB	KTB-R

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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

PTT-R	+ 1.0	PTT
KTB-R	+ 1.0	KTB
KBANK-R	+ 0.99	KBANK
BBL	+ 0.94	KBANK
BBL	+ 0.92	KBANK-R
KTB	+ 0.76	BBL

High negative correlations

PTT-R	- 0.21	SCB
PTT	- 0.21	SCB
PTT-R	- 0.04	SCB-R
SCB-R	- 0.04	PTT

Risk-Adjusted Indicators

There is a big difference between Central Stock performing well and Central Plaza 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 Central Plaza'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
SCB	0.77	0.14	0.03	2.64	0.58	(1.10)	2.38	(0.92)	7.76
KBANK	0.85	0.09	0.00	0.52	0.96	(1.00)	1.99	(1.95)	7.02
PTT	0.80	(0.02)	0.00	(0.33)	0.00	0.00	2.27	(1.47)	5.19
KBANK-R	0.84	0.08	(0.01)	0.49	0.97	(0.97)	1.99	(1.95)	7.02
SCB-R	0.23	0.10	0.00	15.63	0.00	0.00	0.17	0.00	5.89
PTT-R	0.80	(0.02)	0.00	(0.33)	0.00	0.00	2.27	(1.47)	5.19
BBL	0.98	0.12	0.02	1.13	0.97	(1.22)	2.15	(2.21)	8.21
KTB	0.85	0.16	0.04	2.03	0.90	(1.05)	2.12	(1.44)	7.93
KTB-R	0.85	0.16	0.04	2.03	0.90	(1.05)	2.12	(1.44)	7.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Central Plaza 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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Central Plaza Corporate Management

Elected by the shareholders, the Central Plaza's board of directors comprises two types of representatives: Central Plaza inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Central. The board's role is to monitor Central Plaza's management team and ensure that shareholders' interests are well served. Central Plaza'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, Central Plaza's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gun Srisompong	Adm Fin	Profile
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Thomas Thrussell	Marketing Brand	Profile
Timothy Blaiklock	Deputy Officer	Profile
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