Fortune Parts Correlations

FPI Stock

THB 1.92 0.01 0.52%

The current 90-days correlation between Fortune Parts Industry and Copperwired Public is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fortune Parts moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fortune Parts Industry moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Fortune Parts Correlation With Market

Significant diversification

The correlation between Fortune Parts Industry and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Fortune Parts Industry and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Fortune Stock

0.9	SAT	Somboon Advance Tech	Pair Corr
0.79	PACO	President Automobile	Pair Corr
0.83	ASK	Asia Sermkij Leasing	Pair Corr

Moving against Fortune Stock

0.73	SDC	Samart Digital Public	Pair Corr
0.65	EFORL	E for L	Pair Corr

Related Correlations Analysis

	CPW	CPR	WARRIX	MENA	CRC-R	CHAO	LHK
CPW		-0.25	-0.52	0.52	0.13	0.88	0.09	CPW
CPR	-0.25		0.53	0.26	-0.24	-0.42	0.18	CPR
WARRIX	-0.52	0.53		0.05	-0.05	-0.56	0.02	WARRIX
MENA	0.52	0.26	0.05		0.08	0.4	0.25	MENA
CRC-R	0.13	-0.24	-0.05	0.08		0.25	0.01	CRC-R
CHAO	0.88	-0.42	-0.56	0.4	0.25		-0.11	CHAO
LHK	0.09	0.18	0.02	0.25	0.01	-0.11		LHK
	CPW	CPR	WARRIX	MENA	CRC-R	CHAO	LHK

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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

CHAO	+ 0.88	CPW
WARRIX	+ 0.53	CPR
MENA	+ 0.52	CPW
CHAO	+ 0.4	MENA
MENA	+ 0.26	CPR
LHK	+ 0.25	MENA

High negative correlations

CHAO	- 0.56	WARRIX
WARRIX	- 0.52	CPW
CHAO	- 0.42	CPR
CPR	- 0.25	CPW
CRC-R	- 0.24	CPR
LHK	- 0.11	CHAO

Risk-Adjusted Indicators

There is a big difference between Fortune Stock performing well and Fortune Parts 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 Fortune Parts' 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
CPW	1.77	(0.09)	0.00	1.91	0.00	0.00	3.54	(3.42)	21.26
CPR	1.92	0.55	0.18	(0.55)	1.19	(3.99)	4.24	(2.89)	25.59
WARRIX	1.73	0.11	(0.01)	(0.34)	2.01	(2.21)	3.87	(2.80)	14.53
MENA	2.22	0.13	0.01	1.87	2.15	(2.97)	6.09	(3.76)	21.27
CRC-R	0.38	(0.22)	0.00	(1.40)	0.00	0.00	0.00	0.00	0.00
CHAO	2.11	(0.81)	0.00	7.50	0.00	0.00	3.57	(5.62)	12.95
LHK	0.55	0.06	(0.03)	0.43	0.55	(0.96)	1.55	(1.55)	5.30

Be your own money manager

Our tools can tell you how much better you can do entering a position in Fortune Parts 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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Fortune Parts Corporate Management

Elected by the shareholders, the Fortune Parts' board of directors comprises two types of representatives: Fortune Parts inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Fortune. The board's role is to monitor Fortune Parts' management team and ensure that shareholders' interests are well served. Fortune Parts' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Fortune Parts' outside directors are responsible for providing unbiased perspectives on the board's policies.

Prajak Sripha	Information Mang	Profile
Nussara Tanadumrongsak	Deputy Director	Profile
Sirilak Pattatung	F Mang	Profile
Sungvien Meethong	Sales Mang	Profile
Kiattisak Chairuamkul	Chief Officer	Profile
Saruda Chitchuea	Sustainability Mang	Profile

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