Com7 PCL Correlations

Stocks . Thailand . 
Stock . Com7 PCL
COM7 Stock  THB 24.10  0.50  2.03%   
The current 90-days correlation between Com7 PCL and Siam Global House is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Com7 PCL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Com7 PCL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Com7 PCL Correlation With Market

Weak diversification

The correlation between Com7 PCL and DJI is 0.31 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Com7 PCL and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Com7 PCL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Com7 PCL 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 Com7 PCL - 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 Com7 PCL to buy it.

Moving together with Com7 Stock

  0.65GYT Goodyear PublicPairCorr
  0.62SCC Siam CementPairCorr
  0.73STANLY Thai Stanley ElectricPairCorr
  0.65TAE Thai Agro EnergyPairCorr
  0.74TC Tropical Canning PublicPairCorr
  0.79TRUBB Thai Rubber LatexPairCorr
  0.73AIE Ai Energy PublicPairCorr
  0.84AKP Akkhie Prakarn PublicPairCorr
  0.79SAWAD Srisawad Power 1979 Earnings Call TomorrowPairCorr
  0.72GROREIT Grande Royal OrchidPairCorr
  0.67BCH Bangkok Chain HospitalPairCorr
  0.61NOBLE Noble Development PublicPairCorr
  0.77KLINIQ Klinique MedPairCorr
  0.76TNP Thanapiriya PublicPairCorr
  0.78PTG PTG Energy PCLPairCorr
  0.66IRC Inoue Rubber PublicPairCorr
  0.91CRC Central RetailPairCorr
  0.73BA Bangkok Airways PublicPairCorr
  0.72BRR Buriram Sugar PublicPairCorr
  0.66SCCC Siam City CementPairCorr

Moving against Com7 Stock

  0.34CHOTI Kiang Huat SeaPairCorr

Related Correlations Analysis


Risk-Adjusted Indicators

There is a big difference between Com7 Stock performing well and Com7 PCL 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 Com7 PCL'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Com7 PCL 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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