FN Factory Correlations

FN Stock

THB 0.89 0.01 1.11%

The current 90-days correlation between FN Factory Outlet and SCB X Public is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as FN Factory moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if FN Factory Outlet moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

FN Factory Correlation With Market

Average diversification

The correlation between FN Factory Outlet and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding FN Factory Outlet and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	SCB	KBANK	PTT	KBANK-R	SCB-R	PTT-R	BBL	KTB	KTB-R
SCB		0.47	-0.19	0.41	0.18	-0.19	0.54	0.72	0.72	SCB
KBANK	0.47		0.02	0.99	0.04	0.02	0.95	0.67	0.67	KBANK
PTT	-0.19	0.02		0.05	-0.04	1.0	0.08	0.09	0.09	PTT
KBANK-R	0.41	0.99	0.05		0.03	0.05	0.92	0.61	0.61	KBANK-R
SCB-R	0.18	0.04	-0.04	0.03		-0.04	0.06	0.08	0.08	SCB-R
PTT-R	-0.19	0.02	1.0	0.05	-0.04		0.08	0.09	0.09	PTT-R
BBL	0.54	0.95	0.08	0.92	0.06	0.08		0.82	0.82	BBL
KTB	0.72	0.67	0.09	0.61	0.08	0.09	0.82		1.0	KTB
KTB-R	0.72	0.67	0.09	0.61	0.08	0.09	0.82	1.0		KTB-R
	SCB	KBANK	PTT	KBANK-R	SCB-R	PTT-R	BBL	KTB	KTB-R

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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

PTT-R	+ 1.0	PTT
KTB-R	+ 1.0	KTB
KBANK-R	+ 0.99	KBANK
BBL	+ 0.95	KBANK
BBL	+ 0.92	KBANK-R
KTB	+ 0.82	BBL

High negative correlations

PTT-R	- 0.19	SCB
PTT	- 0.19	SCB
PTT-R	- 0.04	SCB-R
SCB-R	- 0.04	PTT

Risk-Adjusted Indicators

There is a big difference between FN Factory Stock performing well and FN Factory 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 FN Factory'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
SCB	0.77	0.13	0.02	4.08	0.59	(1.12)	2.38	(0.92)	7.76
KBANK	0.85	0.09	(0.01)	0.52	0.95	(1.03)	1.99	(1.95)	7.02
PTT	0.78	0.00	(0.10)	0.12	0.78	(1.38)	2.27	(1.46)	5.19
KBANK-R	0.83	0.07	(0.02)	0.48	0.96	(0.99)	1.99	(1.95)	7.02
SCB-R	0.22	0.10	0.00	(25.67)	0.00	0.00	0.17	0.00	5.89
PTT-R	0.78	0.00	(0.10)	0.12	0.78	(1.38)	2.27	(1.46)	5.19
BBL	0.97	0.14	0.03	1.06	0.97	(1.20)	2.15	(2.21)	8.21
KTB	0.85	0.13	0.04	0.53	0.90	(1.05)	2.12	(1.44)	7.93
KTB-R	0.85	0.13	0.04	0.53	0.90	(1.05)	2.12	(1.44)	7.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in FN Factory 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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FN Factory Corporate Management

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

Pratana Mongkolkul	Director, Independent Director	Profile
Kittima Wacharopas	Chief Officer	Profile
Monthip Suewatanakul	Co Sec	Profile
Thongwilai Chiraphothong	Executive Director, Director	Profile
Saowanee Kamolbutr	Director, Independent Director	Profile
Boontharika Boonkhum	Assistant Vice President Accounting Department	Profile

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