CP Tower Correlations

CPTGF Stock  THB 5.10  0.00  0.00%   
The current 90-days correlation between CP Tower Growth and WHA Premium Growth is -0.2 (i.e., Good diversification). The correlation of CP Tower 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.

CP Tower Correlation With Market

Good diversification

The correlation between CP Tower Growth and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding CP Tower Growth and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to CP Tower could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace CP Tower 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 CP Tower - 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 CP Tower Growth to buy it.

Moving together with CPTGF Stock

  0.88INTUCH-R Intouch Holdings PublicPairCorr

Moving against CPTGF Stock

  0.66PTTEP PTT ExplorationPairCorr
  0.36SCC Siam CementPairCorr

Related Correlations Analysis

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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   
AMATARCPNCG
CTARAFWHART
AMATARFUTUREPF
FUTUREPFCPNCG
AMATARCTARAF
CTARAFCPNCG
  
High negative correlations   
FUTUREPFWHART
AMATARWHART
CPNCGWHART
FUTUREPFCTARAF

Risk-Adjusted Indicators

There is a big difference between CPTGF Stock performing well and CP Tower 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 CP Tower'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.

CP Tower Related Equities

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with CP Tower stock to make a market-neutral strategy. Peer analysis of CP Tower could also be used in its relative valuation, which is a method of valuing CP Tower by comparing valuation metrics with similar companies.
 Risk & Return  Correlation

CP Tower Corporate Management

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