Communication System Correlations

CSS Stock

THB 0.78 0.01 1.30%

The current 90-days correlation between Communication System and S P V is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Communication System moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Communication System Solution moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Communication System Correlation With Market

Modest diversification

The correlation between Communication System Solution and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Communication System Solution and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Communication Stock

0.64	AIE	Ai Energy Public	Pair Corr
0.65	SCCC	Siam City Cement	Pair Corr
0.65	GROREIT	Grande Royal Orchid	Pair Corr
0.71	TRUBB	Thai Rubber Latex	Pair Corr
0.63	STANLY	Thai Stanley Electric	Pair Corr
0.65	AKP	Akkhie Prakarn Public	Pair Corr
0.7	CRC	Central Retail	Pair Corr
0.71	AI	Asian Insulators PCL	Pair Corr
0.68	BA	Bangkok Airways Public	Pair Corr
0.67	ALLA	Alla Public	Pair Corr

Moving against Communication Stock

0.31

RML

Raimon Land Public

Pair Corr

Related Correlations Analysis

	SPVI	SVOA	VCOM	AJA	SPREME	BVG	CPW	ALT	IT	SIMAT
SPVI		0.78	0.76	-0.29	0.87	0.62	0.84	0.51	0.85	-0.25	SPVI
SVOA	0.78		0.76	-0.21	0.7	0.25	0.81	0.47	0.85	-0.11	SVOA
VCOM	0.76	0.76		-0.49	0.81	0.23	0.86	0.65	0.76	0.09	VCOM
AJA	-0.29	-0.21	-0.49		-0.54	0.25	-0.34	-0.62	-0.05	-0.44	AJA
SPREME	0.87	0.7	0.81	-0.54		0.4	0.78	0.72	0.66	0.1	SPREME
BVG	0.62	0.25	0.23	0.25	0.4		0.35	-0.07	0.46	-0.56	BVG
CPW	0.84	0.81	0.86	-0.34	0.78	0.35		0.57	0.78	-0.15	CPW
ALT	0.51	0.47	0.65	-0.62	0.72	-0.07	0.57		0.39	0.49	ALT
IT	0.85	0.85	0.76	-0.05	0.66	0.46	0.78	0.39		-0.22	IT
SIMAT	-0.25	-0.11	0.09	-0.44	0.1	-0.56	-0.15	0.49	-0.22		SIMAT
	SPVI	SVOA	VCOM	AJA	SPREME	BVG	CPW	ALT	IT	SIMAT

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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

SPREME	+ 0.87	SPVI
CPW	+ 0.86	VCOM
IT	+ 0.85	SPVI
IT	+ 0.85	SVOA
CPW	+ 0.84	SPVI
CPW	+ 0.81	SVOA

High negative correlations

ALT	- 0.62	AJA
SIMAT	- 0.56	BVG
SPREME	- 0.54	AJA
AJA	- 0.49	VCOM
SIMAT	- 0.44	AJA
CPW	- 0.34	AJA

Risk-Adjusted Indicators

There is a big difference between Communication Stock performing well and Communication System 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 Communication System'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
SPVI	1.44	0.28	0.07	(0.39)	1.49	(2.07)	3.67	(3.03)	10.60
SVOA	1.35	0.48	0.20	(0.80)	1.05	(1.98)	3.01	(2.26)	6.43
VCOM	0.76	0.26	0.20	2.84	0.27	(1.25)	1.43	(1.32)	10.12
AJA	3.34	(0.19)	0.00	(0.20)	0.00	0.00	6.67	(8.70)	25.00
SPREME	1.03	0.23	0.09	(3.62)	0.98	(1.54)	2.01	(2.10)	10.60
BVG	1.14	(0.14)	0.00	(0.75)	0.00	0.00	2.20	(3.41)	8.37
CPW	1.33	0.27	0.09	(0.34)	1.10	(1.98)	3.60	(1.94)	9.86
ALT	1.83	0.18	0.08	0.23	1.72	(2.61)	5.21	(3.00)	15.98
IT	1.12	0.27	0.14	1.29	0.84	(1.84)	3.51	(1.73)	10.40
SIMAT	3.16	0.22	0.05	0.47	3.65	(3.87)	7.38	(6.58)	23.22

Be your own money manager

Our tools can tell you how much better you can do entering a position in Communication System 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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