Nex Point Correlations
| NEX Stock | THB 0.72 0.04 5.26% |
The current 90-days correlation between Nex Point Public and Jay Mart Public is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Nex Point moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Nex Point Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Nex Point Correlation With Market
Significant diversification
The correlation between Nex Point Public and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nex Point Public and DJI in the same portfolio, assuming nothing else is changed.
Nex |
The ability to find closely correlated positions to Nex Point could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nex Point 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 Nex Point - 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 Nex Point Public to buy it.
Moving together with Nex Stock
| 0.88 | HANA | Hana Microelectronics | PairCorr |
| 0.79 | HANA-R | Hana Microelectronics | PairCorr |
| 0.74 | FORTH | Forth Public | PairCorr |
| 0.61 | SVI | SVI Public | PairCorr |
| 0.64 | SNC | SNC Former Public | PairCorr |
| 0.71 | ASEFA | Asefa Public | PairCorr |
| 0.78 | PTT | PTT Public | PairCorr |
| 0.78 | PTT-R | PTT Public | PairCorr |
| 0.72 | SCC-R | Siam Cement | PairCorr |
| 0.81 | SCC | Siam Cement | PairCorr |
Moving against Nex Stock
| 0.72 | KBANK | Kasikornbank Public | PairCorr |
| 0.72 | KBANK-R | Kasikornbank Public | PairCorr |
| 0.63 | SCB-R | Siam Commercial | PairCorr |
| 0.55 | SCB | SCB X Public | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Nex Stock performing well and Nex Point 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 Nex Point'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JMART | 2.01 | (0.53) | 0.00 | (1.56) | 0.00 | 3.60 | 16.32 | |||
| KCE | 2.23 | (0.72) | 0.00 | (3.06) | 0.00 | 5.45 | 16.02 | |||
| HANA | 2.08 | (0.70) | 0.00 | (1.24) | 0.00 | 4.09 | 17.67 | |||
| EA | 3.75 | (0.67) | 0.00 | 15.81 | 0.00 | 10.50 | 30.30 | |||
| GULF | 1.41 | (0.21) | 0.00 | (0.38) | 0.00 | 2.22 | 11.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Nex Point 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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Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
| All Next | Launch Module |
Nex Point Corporate Management
Elected by the shareholders, the Nex Point's board of directors comprises two types of representatives: Nex Point inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nex. The board's role is to monitor Nex Point's management team and ensure that shareholders' interests are well served. Nex Point'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, Nex Point's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wichien Luknatin | Business Development Director, Executive Director, Company Secretary | Profile | |
| Waraporn Jaiareeharn | Acting Chief Administrative Officer | Profile | |
| Suthep Phongpitak | Independent Director | Profile | |
| Tinnakorn Punpanichgul | Director | Profile |