Gunkul Engineering Correlations
| GUNKUL-R | THB 2.32 0.02 0.87% |
The current 90-days correlation between Gunkul Engineering Public and Gunkul Engineering Public is -0.15 (i.e., Good diversification). The correlation of Gunkul Engineering is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Gunkul Engineering Correlation With Market
Significant diversification
The correlation between Gunkul Engineering Public and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gunkul Engineering Public and DJI in the same portfolio, assuming nothing else is changed.
Gunkul |
The ability to find closely correlated positions to Gunkul Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gunkul Engineering 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 Gunkul Engineering - 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 Gunkul Engineering Public to buy it.
Related Correlations Analysis
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Gunkul Engineering Corporate Management
Elected by the shareholders, the Gunkul Engineering's board of directors comprises two types of representatives: Gunkul Engineering inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gunkul. The board's role is to monitor Gunkul Engineering's management team and ensure that shareholders' interests are well served. Gunkul Engineering'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, Gunkul Engineering's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Suttirat Tangnorakul | Sr Accounting | Profile | |
| Thamrong Chankraithong | VP Marketing | Profile | |
| Areewan Roonpraphan | Chief Director | Profile | |
| Tanetsiri Farkmitr | Head Audit | Profile |