Kasikornbank Public Correlations
| KPCPY Stock | USD 16.95 0.07 0.41% |
The correlation of Kasikornbank Public 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Kasikornbank Public Correlation With Market
Average diversification
The correlation between Kasikornbank Public Co and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kasikornbank Public Co and DJI in the same portfolio, assuming nothing else is changed.
Kasikornbank |
The ability to find closely correlated positions to Kasikornbank Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kasikornbank Public 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 Kasikornbank Public - 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 Kasikornbank Public Co to buy it.
Moving against Kasikornbank Pink Sheet
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| 0.34 | CRWD | Crowdstrike Holdings | PairCorr |
| 0.33 | VNTN | VentureNet Capital | PairCorr |
| 0.31 | ADSK | Autodesk | PairCorr |
Related Correlations Analysis
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