MCOT Public Correlations

MCOT Stock

THB 4.26 0.48 10.13%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as MCOT Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if MCOT Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

MCOT Public Correlation With Market

Good diversification

The correlation between MCOT Public and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding MCOT Public and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to MCOT 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 MCOT 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 MCOT 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 MCOT Public to buy it.

Moving against MCOT Stock

0.58	AKR	Ekarat Engineering Public	Pair Corr
0.47	VGI-R	VGI Public	Pair Corr
0.46	UREKA	Eureka Design Public	Pair Corr
0.41	KBANK	Kasikornbank Public	Pair Corr

Related Correlations Analysis

	SGP	NYT	MCOT	ERW	ACG	DITTO	ETE	PYLON	DCON	PB
SGP		0.46	0.01	0.2	0.48	0.36	0.51	0.44	0.41	-0.29	SGP
NYT	0.46		0.11	0.08	0.51	0.38	0.46	0.5	0.43	-0.26	NYT
MCOT	0.01	0.11		0.59	0.57	0.55	0.53	0.58	0.55	0.25	MCOT
ERW	0.2	0.08	0.59		0.69	0.74	0.68	0.56	0.7	0.21	ERW
ACG	0.48	0.51	0.57	0.69		0.78	0.88	0.92	0.8	-0.02	ACG
DITTO	0.36	0.38	0.55	0.74	0.78		0.82	0.75	0.78	0.24	DITTO
ETE	0.51	0.46	0.53	0.68	0.88	0.82		0.93	0.85	0.1	ETE
PYLON	0.44	0.5	0.58	0.56	0.92	0.75	0.93		0.82	0.07	PYLON
DCON	0.41	0.43	0.55	0.7	0.8	0.78	0.85	0.82		0.12	DCON
PB	-0.29	-0.26	0.25	0.21	-0.02	0.24	0.1	0.07	0.12		PB
	SGP	NYT	MCOT	ERW	ACG	DITTO	ETE	PYLON	DCON	PB

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

PYLON	+ 0.93	ETE
PYLON	+ 0.92	ACG
ETE	+ 0.88	ACG
DCON	+ 0.85	ETE
ETE	+ 0.82	DITTO
DCON	+ 0.82	PYLON

High negative correlations

PB	- 0.29	SGP
PB	- 0.26	NYT
PB	- 0.02	ACG

Risk-Adjusted Indicators

There is a big difference between MCOT Stock performing well and MCOT Public 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 MCOT Public'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
SGP	0.66	0.00	0.00	0.00	0.00	0.00	1.42	(1.40)	3.52
NYT	0.91	(0.02)	0.00	(0.10)	0.00	0.00	2.76	(2.05)	5.38
MCOT	6.23	0.15	0.02	(0.26)	6.76	(8.37)	18.69	(10.64)	53.59
ERW	1.74	(0.50)	0.00	(7.18)	0.00	0.00	4.17	(4.15)	11.87
ACG	1.50	(0.46)	0.00	(1.14)	0.00	0.00	2.25	(5.56)	10.35
DITTO	2.63	(0.45)	0.00	(1.92)	0.00	0.00	5.98	(5.59)	20.37
ETE	1.53	(0.48)	0.00	23.34	0.00	0.00	2.33	(3.26)	10.85
PYLON	0.93	(0.33)	0.00	1.33	0.00	0.00	1.59	(2.75)	6.37
DCON	1.46	(0.17)	0.00	0.44	0.00	0.00	3.45	(3.33)	10.00
PB	0.55	0.03	0.01	(0.75)	0.65	(1.06)	1.69	(1.67)	4.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in MCOT Public 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?

Run Share Portfolio Now

Share Portfolio

Track or share privately all of your investments from the convenience of any device

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC