Kaset Thai Correlations
| KTIS Stock | THB 2.92 0.06 2.01% |
The current 90-days correlation between Kaset Thai International and Central Pattana Public is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kaset Thai moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kaset Thai International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Kaset Thai Correlation With Market
Very good diversification
The correlation between Kaset Thai International and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kaset Thai International and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Kaset Thai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kaset Thai 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 Kaset Thai - 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 Kaset Thai International to buy it.
Moving together with Kaset Stock
| 0.88 | THRE | Thai Reinsurance Public | PairCorr |
| 0.83 | AMANAH | Amanah Leasing Public | PairCorr |
| 0.94 | PT | Premier Technology Public | PairCorr |
| 0.67 | MATI | Matichon Public | PairCorr |
Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in Kaset Thai 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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