Netbay Public Correlations

Stocks . Thailand . 
Stock . Netbay Public
NETBAY Stock  THB 23.80  0.30  1.24%   
The current 90-days correlation between Netbay Public and Humanica Public is 0.09 (i.e., Significant diversification). The correlation of Netbay 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.

Netbay Public Correlation With Market

Poor diversification

The correlation between Netbay Public and DJI is 0.71 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Netbay Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Netbay 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 Netbay 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 Netbay 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 Netbay Public to buy it.

Moving together with Netbay Stock

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Related Correlations Analysis


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

MFEC
+ 0.92
ILINK
PT
+ 0.84
METCO
ILINK
+ 0.8
PT
MFEC
+ 0.8
PT
MFEC
+ 0.78
METCO
ILINK
+ 0.74
METCO
  

High negative correlations

PT
- 0.7
MEB
METCO
- 0.6
MEB
MFEC
- 0.5
MEB
ILINK
- 0.39
MEB
BVG
- 0.31
PT
BVG
- 0.28
METCO

Risk-Adjusted Indicators

There is a big difference between Netbay Stock performing well and Netbay 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 Netbay 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Netbay 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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Netbay Public Corporate Management

Elected by the shareholders, the Netbay Public's board of directors comprises two types of representatives: Netbay Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Netbay. The board's role is to monitor Netbay Public's management team and ensure that shareholders' interests are well served. Netbay 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, Netbay Public's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sutarin WongsongchaAccounting DirectorProfile
Ornruda KumlertluckAccount MangProfile
Pichit ViwatrujirapongVice CEOProfile
Chittima KumwiengchanCo SecProfile
Kobkanjana VeerapongpraditMD DirectorProfile
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