Grand Prix Correlations
| GPI Stock | THB 1.63 0.01 0.62% |
The current 90-days correlation between Grand Prix International and Aqua Public is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Grand Prix moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Grand Prix International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Grand Prix Correlation With Market
Good diversification
The correlation between Grand Prix International and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Grand Prix International and DJI in the same portfolio, assuming nothing else is changed.
Grand |
The ability to find closely correlated positions to Grand Prix could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Grand Prix 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 Grand Prix - 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 Grand Prix International to buy it.
Moving together with Grand Stock
| 0.95 | AQUA | Aqua Public | PairCorr |
| 0.81 | MVP | M Vision Public | PairCorr |
| 0.96 | PRAKIT | Prakit Holdings Public | PairCorr |
| 0.85 | TKN | Taokaenoi Food Marketing | PairCorr |
| 0.75 | ITD | Italian Thai Develop | PairCorr |
Related Correlations Analysis
| 0.41 | 0.47 | 0.71 | 0.49 | ILINK | ||
| 0.41 | 0.96 | 0.79 | 0.96 | AQUA | ||
| 0.47 | 0.96 | 0.82 | 0.95 | BEC | ||
| 0.71 | 0.79 | 0.82 | 0.78 | GRAND | ||
| 0.49 | 0.96 | 0.95 | 0.78 | ERW | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Grand Stock performing well and Grand Prix 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 Grand Prix'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ILINK | 1.48 | 0.06 | (0.05) | (0.02) | 1.60 | 3.33 | 10.43 | |||
| AQUA | 1.34 | 0.04 | 0.00 | 0.05 | 0.00 | 3.03 | 16.69 | |||
| BEC | 0.99 | (0.06) | 0.00 | 0.74 | 0.00 | 2.29 | 10.24 | |||
| GRAND | 4.23 | (0.02) | (0.01) | 0.08 | 5.06 | 11.11 | 41.56 | |||
| ERW | 1.34 | 0.15 | 0.00 | (0.34) | 1.48 | 4.17 | 14.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Grand Prix 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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Grand Prix Corporate Management
Elected by the shareholders, the Grand Prix's board of directors comprises two types of representatives: Grand Prix inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Grand. The board's role is to monitor Grand Prix's management team and ensure that shareholders' interests are well served. Grand Prix'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, Grand Prix's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anothai Eamlumnow | COO Director | Profile | |
| Jaturont Komolmis | COO Director | Profile | |
| Prachin Eamlumlow | CEO Director | Profile | |
| Khwanchanok Aulaaiem | Accounting Director | Profile |