Earth Tech Correlations
| ETC Stock | THB 1.50 0.08 5.06% |
The current 90-days correlation between Earth Tech Environment and Gulf Energy Development is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Earth Tech moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Earth Tech Environment moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Earth Tech Correlation With Market
Significant diversification
The correlation between Earth Tech Environment and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Earth Tech Environment and DJI in the same portfolio, assuming nothing else is changed.
Earth |
The ability to find closely correlated positions to Earth Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Earth Tech 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 Earth Tech - 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 Earth Tech Environment to buy it.
Moving together with Earth Stock
| 0.81 | GULF | Gulf Energy Development | PairCorr |
| 0.77 | EA | Energy Absolute Public | PairCorr |
| 0.72 | ACE-R | ABSOLUTE CLEAN ENERGY | PairCorr |
| 0.64 | ACE | Absolute Clean Energy | PairCorr |
| 0.86 | SSP | Sermsang Power | PairCorr |
| 0.8 | PRIME | Prime Road Power | PairCorr |
| 0.9 | TSE | Thai Solar Energy | PairCorr |
| 0.91 | EP | Eastern Power Group | PairCorr |
| 0.81 | PTT | PTT Public | PairCorr |
| 0.81 | PTT-R | PTT Public | PairCorr |
Moving against Earth Stock
| 0.85 | SCB | SCB X Public | PairCorr |
| 0.76 | BTS | BTS Group Holdings | PairCorr |
| 0.74 | UREKA | Eureka Design Public | PairCorr |
| 0.66 | AKR | Ekarat Engineering Public | PairCorr |
| 0.66 | VGI | VGI Public | PairCorr |
| 0.62 | KBANK | Kasikornbank Public | PairCorr |
| 0.62 | KBANK-R | Kasikornbank Public | PairCorr |
| 0.37 | SCB-R | Siam Commercial | PairCorr |
| 0.34 | KTB | Krung Thai Bank | PairCorr |
| 0.34 | KTB-R | Krung Thai Bank | PairCorr |
Related Correlations Analysis
| 0.71 | 0.85 | 0.79 | 0.55 | GULF | ||
| 0.71 | 0.95 | 0.69 | 0.69 | EA | ||
| 0.85 | 0.95 | 0.79 | 0.66 | GUNKUL | ||
| 0.79 | 0.69 | 0.79 | 0.28 | GPSC | ||
| 0.55 | 0.69 | 0.66 | 0.28 | BCPG | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Earth Stock performing well and Earth Tech 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 Earth Tech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GULF | 1.52 | (0.07) | 0.00 | (1.24) | 0.00 | 3.00 | 11.56 | |||
| EA | 3.28 | (1.04) | 0.00 | 2.37 | 0.00 | 8.25 | 30.30 | |||
| GUNKUL | 1.63 | (0.51) | 0.00 | 2.46 | 0.00 | 3.45 | 10.53 | |||
| GPSC | 1.71 | (0.62) | 0.00 | (4.33) | 0.00 | 2.19 | 12.35 | |||
| BCPG | 2.14 | (0.18) | 0.00 | (0.69) | 0.00 | 5.22 | 17.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Earth Tech 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.Did you try this?
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Earth Tech Corporate Management
Elected by the shareholders, the Earth Tech's board of directors comprises two types of representatives: Earth Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Earth. The board's role is to monitor Earth Tech's management team and ensure that shareholders' interests are well served. Earth Tech'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, Earth Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ekarin Luengviriya | MD Director | Profile | |
| Sumet Laokham | Operations Director | Profile | |
| Phimchanok Arunrotwatthana | Mang Director | Profile | |
| Ananya Netjaru | Company Sec | Profile | |
| Supawat Khunworavinij | CEO Director | Profile | |
| Korochuan Sawasdi | Head Department | Profile | |
| Wachiraporn Natejaru | Accounting Director | Profile |