Harn Engineering Correlations
| HARN Stock | THB 2.14 0.04 1.90% |
The current 90-days correlation between Harn Engineering Sol and Arrow Syndicate Public is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Harn Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harn Engineering Solutions moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Harn Engineering Correlation With Market
Significant diversification
The correlation between Harn Engineering Solutions and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harn Engineering Solutions and DJI in the same portfolio, assuming nothing else is changed.
Harn |
The ability to find closely correlated positions to Harn 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 Harn 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 Harn 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 Harn Engineering Solutions to buy it.
Moving together with Harn Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Harn Stock performing well and Harn Engineering 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 Harn Engineering'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARROW | 0.64 | 0.00 | (0.05) | 0.00 | 0.63 | 1.75 | 4.41 | |||
| GTB | 1.13 | 0.06 | (0.02) | (0.32) | 1.37 | 2.74 | 7.93 | |||
| AMA | 0.96 | (0.03) | 0.00 | 0.20 | 0.00 | 2.18 | 8.21 | |||
| ICN | 1.63 | 0.33 | 0.10 | (0.52) | 1.38 | 4.04 | 13.98 | |||
| HFT | 0.59 | (0.11) | 0.00 | (0.54) | 0.00 | 1.78 | 6.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Harn Engineering 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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Harn Engineering Corporate Management
Elected by the shareholders, the Harn Engineering's board of directors comprises two types of representatives: Harn Engineering inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Harn. The board's role is to monitor Harn Engineering's management team and ensure that shareholders' interests are well served. Harn 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, Harn Engineering's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wisit Wachiralappaitoon | Chief Officer | Profile | |
| Suchat Suwatnodom | Airconditioning System | Profile | |
| Thammanoon Tripetchr | Acting CEO | Profile | |
| Varinkan Teraumranon | Chief Officer | Profile | |
| Pracha Phromphornchai | AirConditioning System | Profile | |
| Ananya Proyngoen | Accounting Mang | Profile | |
| Rattanaphan Mukhariwattananon | Airconditioning Bus | Profile |