Com7 PCL Correlations

COM7 Stock

THB 24.20 0.60 2.42%

The current 90-days correlation between Com7 PCL and Thai Plaspac Public is 0.07 (i.e., Significant 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

Modest diversification

The correlation between Com7 PCL and DJI is 0.2 (i.e., Modest 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

0.61	GYT	Goodyear Public	Pair Corr
0.68	STANLY	Thai Stanley Electric	Pair Corr
0.73	TC	Tropical Canning Public	Pair Corr
0.75	TRUBB	Thai Rubber Latex	Pair Corr
0.7	AIE	Ai Energy Public	Pair Corr
0.82	AKP	Akkhie Prakarn Public	Pair Corr
0.77	SAWAD	Srisawad Power 1979	Pair Corr
0.62	BCH	Bangkok Chain Hospital Earnings Call Tomorrow	Pair Corr
0.69	KLINIQ	Klinique Med	Pair Corr
0.72	TNP	Thanapiriya Public	Pair Corr
0.76	PTG	PTG Energy PCL	Pair Corr
0.88	CRC	Central Retail Earnings Call This Week	Pair Corr
0.66	BA	Bangkok Airways Public	Pair Corr
0.66	BRR	Buriram Sugar Public	Pair Corr

Related Correlations Analysis

	HFT	FPI	THIP	CSC	PACO	SFLEX	TPAC
HFT		0.56	0.71	0.43	-0.41	0.83	0.62	HFT
FPI	0.56		0.38	0.76	-0.66	0.74	0.71	FPI
THIP	0.71	0.38		0.26	-0.13	0.59	0.35	THIP
CSC	0.43	0.76	0.26		-0.31	0.66	0.56	CSC
PACO	-0.41	-0.66	-0.13	-0.31		-0.41	-0.43	PACO
SFLEX	0.83	0.74	0.59	0.66	-0.41		0.74	SFLEX
TPAC	0.62	0.71	0.35	0.56	-0.43	0.74		TPAC
	HFT	FPI	THIP	CSC	PACO	SFLEX	TPAC

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

SFLEX	+ 0.83	HFT
CSC	+ 0.76	FPI
SFLEX	+ 0.74	FPI
TPAC	+ 0.74	SFLEX
THIP	+ 0.71	HFT
TPAC	+ 0.71	FPI

High negative correlations

PACO	- 0.66	FPI
TPAC	- 0.43	PACO
SFLEX	- 0.41	PACO
PACO	- 0.41	HFT
PACO	- 0.31	CSC
PACO	- 0.13	THIP

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
HFT	0.92	0.25	0.13	(1.22)	0.66	(1.33)	2.99	(1.64)	6.49
FPI	0.75	0.15	0.06	(8.02)	0.60	(1.16)	1.85	(1.64)	5.78
THIP	0.80	0.10	0.00	(0.98)	0.82	(1.36)	1.80	(1.74)	8.13
CSC	0.46	0.02	(0.08)	(0.28)	0.53	(0.75)	1.12	(1.11)	2.76
PACO	1.36	0.05	(0.01)	1.01	1.61	(2.10)	3.23	(2.59)	13.07
SFLEX	1.13	0.43	0.25	1.27	0.67	(1.80)	2.45	(1.38)	16.52
TPAC	0.85	0.16	0.05	(2.31)	0.76	(1.20)	1.88	(1.72)	4.80

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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