Newcity Public Correlations

NC Stock

THB 2.98 0.02 0.68%

The current 90-days correlation between Newcity Public and SCB X Public is -0.19 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Newcity Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Newcity Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

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

Related Correlations Analysis

	SCB	KBANK	PTT	KBANK-R	SCB-R	PTT-R	BBL	KTB	KTB-R
SCB		0.43	-0.21	0.37	0.2	-0.21	0.49	0.69	0.69	SCB
KBANK	0.43		0.03	0.99	0.05	0.03	0.94	0.6	0.6	KBANK
PTT	-0.21	0.03		0.05	-0.04	1.0	0.08	0.03	0.03	PTT
KBANK-R	0.37	0.99	0.05		0.03	0.05	0.92	0.53	0.53	KBANK-R
SCB-R	0.2	0.05	-0.04	0.03		-0.04	0.07	0.08	0.08	SCB-R
PTT-R	-0.21	0.03	1.0	0.05	-0.04		0.08	0.03	0.03	PTT-R
BBL	0.49	0.94	0.08	0.92	0.07	0.08		0.76	0.76	BBL
KTB	0.69	0.6	0.03	0.53	0.08	0.03	0.76		1.0	KTB
KTB-R	0.69	0.6	0.03	0.53	0.08	0.03	0.76	1.0		KTB-R
	SCB	KBANK	PTT	KBANK-R	SCB-R	PTT-R	BBL	KTB	KTB-R

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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

PTT-R	+ 1.0	PTT
KTB-R	+ 1.0	KTB
KBANK-R	+ 0.99	KBANK
BBL	+ 0.94	KBANK
BBL	+ 0.92	KBANK-R
KTB	+ 0.76	BBL

High negative correlations

PTT-R	- 0.21	SCB
PTT	- 0.21	SCB
PTT-R	- 0.04	SCB-R
SCB-R	- 0.04	PTT

Risk-Adjusted Indicators

There is a big difference between Newcity Stock performing well and Newcity 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 Newcity 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
SCB	0.77	0.14	0.03	2.64	0.58	(1.10)	2.38	(0.92)	7.76
KBANK	0.85	0.09	0.00	0.52	0.96	(1.00)	1.99	(1.95)	7.02
PTT	0.80	(0.02)	0.00	(0.33)	0.00	0.00	2.27	(1.47)	5.19
KBANK-R	0.84	0.08	(0.01)	0.49	0.97	(0.97)	1.99	(1.95)	7.02
SCB-R	0.23	0.10	0.00	15.63	0.00	0.00	0.17	0.00	5.89
PTT-R	0.80	(0.02)	0.00	(0.33)	0.00	0.00	2.27	(1.47)	5.19
BBL	0.98	0.12	0.02	1.13	0.97	(1.22)	2.15	(2.21)	8.21
KTB	0.85	0.16	0.04	2.03	0.90	(1.05)	2.12	(1.44)	7.93
KTB-R	0.85	0.16	0.04	2.03	0.90	(1.05)	2.12	(1.44)	7.93

Be your own money manager

Our tools can tell you how much better you can do entering a position in Newcity 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.

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Newcity Public Corporate Management

Elected by the shareholders, the Newcity Public's board of directors comprises two types of representatives: Newcity Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Newcity. The board's role is to monitor Newcity Public's management team and ensure that shareholders' interests are well served. Newcity Public'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, Newcity Public's outside directors are responsible for providing unbiased perspectives on the board's policies.

Kawiphong Hirankasi	Independent Director	Profile
Churaiorn Simalawong	Director	Profile
Phatthaya Ketsathian	Director	Profile
Samang Chanthrima	Director	Profile
Bunpakorn Chokwathana	Chairman of the Board, Managing Director	Profile
Worawan Chokwathana	Director	Profile
Adun Srimadi	Company Secretary	Profile

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