Lotus Retail Correlations
| LPF Stock | THB 12.70 0.00 0.00% |
The current 90-days correlation between Lotus Retail Growth and CPN Retail Growth is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lotus Retail moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lotus Retail Growth moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Lotus Retail Correlation With Market
Average diversification
The correlation between Lotus Retail Growth and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lotus Retail Growth and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Lotus Retail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lotus Retail 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 Lotus Retail - 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 Lotus Retail Growth to buy it.
Moving together with Lotus Stock
| 0.73 | AEONTS | AEON Thana Sinsap | PairCorr |
| 0.75 | BH | Bumrungrad Hospital | PairCorr |
| 0.62 | STANLY | Thai Stanley Electric | PairCorr |
| 0.62 | BBL | Bangkok Bank Public | PairCorr |
| 0.65 | SIRI | Siri Prime Office | PairCorr |
Moving against Lotus Stock
Related Correlations Analysis
| 0.96 | 0.95 | 0.9 | 0.51 | CPNREIT | ||
| 0.96 | 1.0 | 0.89 | 0.28 | FTREIT | ||
| 0.95 | 1.0 | 0.91 | 0.27 | WHART | ||
| 0.9 | 0.89 | 0.91 | 0.47 | MJLF | ||
| 0.51 | 0.28 | 0.27 | 0.47 | DIF | ||
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Risk-Adjusted Indicators
There is a big difference between Lotus Stock performing well and Lotus Retail 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 Lotus Retail'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPNREIT | 1.09 | 0.08 | 0.00 | 0.40 | 1.24 | 2.54 | 10.26 | |||
| FTREIT | 0.70 | 0.02 | (0.06) | (0.13) | 1.02 | 1.88 | 9.34 | |||
| WHART | 0.82 | 0.04 | (0.06) | (0.32) | 0.95 | 1.96 | 6.77 | |||
| MJLF | 0.86 | 0.18 | 0.04 | 2.94 | 0.68 | 2.13 | 16.88 | |||
| DIF | 1.00 | 0.17 | 0.08 | 0.54 | 0.84 | 2.61 | 9.50 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lotus Retail 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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