Krung Thai Correlations

NVPB Stock

EUR 0.55 0.01 1.85%

The current 90-days correlation between Krung Thai Bank and Meiko Electronics Co is -0.27 (i.e., Very good diversification). The correlation of Krung Thai 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.

Krung Thai Correlation With Market

Good diversification

The correlation between Krung Thai Bank and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Krung Thai Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Krung Thai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Krung Thai 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 Krung Thai - 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 Krung Thai Bank to buy it.

Moving together with Krung Stock

0.75

SWTF

Intouch Holdings Public

Pair Corr

Moving against Krung Stock

0.56	OS3	Otello ASA	Pair Corr
0.52	DBPD	Xtrackers ShortDAX	Pair Corr
0.51	HHX	HAMMONIA Schiffsholding	Pair Corr
0.4	D7GA	NEL ASA ADR30	Pair Corr
0.34	LYV	Lundin Energy AB	Pair Corr

Related Correlations Analysis

	S4M	MEC	RE3	T2K1	47U	9IRA	FUY	NUC
S4M		-0.36	-0.57	-0.49	-0.21	0.57	0.53	0.0	S4M
MEC	-0.36		0.65	0.86	0.44	-0.81	-0.74	0.0	MEC
RE3	-0.57	0.65		0.79	0.48	-0.74	-0.66	0.0	RE3
T2K1	-0.49	0.86	0.79		0.52	-0.86	-0.75	0.0	T2K1
47U	-0.21	0.44	0.48	0.52		-0.34	-0.31	0.0	47U
9IRA	0.57	-0.81	-0.74	-0.86	-0.34		0.83	0.0	9IRA
FUY	0.53	-0.74	-0.66	-0.75	-0.31	0.83		0.0	FUY
NUC	0.0	0.0	0.0	0.0	0.0	0.0	0.0		NUC
	S4M	MEC	RE3	T2K1	47U	9IRA	FUY	NUC

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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

T2K1	+ 0.86	MEC
FUY	+ 0.83	9IRA
T2K1	+ 0.79	RE3
RE3	+ 0.65	MEC
9IRA	+ 0.57	S4M
FUY	+ 0.53	S4M

High negative correlations

9IRA	- 0.86	T2K1
9IRA	- 0.81	MEC
FUY	- 0.75	T2K1
9IRA	- 0.74	RE3
FUY	- 0.74	MEC
FUY	- 0.66	RE3

Risk-Adjusted Indicators

There is a big difference between Krung Stock performing well and Krung Thai 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 Krung Thai'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
S4M	1.60	(0.07)	(0.07)	(0.01)	1.84	(1.77)	2.98	(2.95)	10.16
MEC	2.65	0.61	0.18	0.82	2.38	(3.54)	9.21	(4.71)	16.96
RE3	1.56	0.21	0.10	0.30	1.83	(2.00)	4.88	(1.93)	15.88
T2K1	3.14	0.92	0.20	(9.32)	3.21	(3.85)	7.44	(5.50)	19.23
47U	2.40	0.30	0.01	(0.20)	2.85	(4.60)	6.67	(6.00)	22.18
9IRA	2.55	(0.10)	0.00	0.24	0.00	0.00	4.32	(4.12)	21.24
FUY	1.16	0.03	(0.03)	0.42	1.69	(1.53)	1.92	(2.54)	12.14
NUC	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in Krung Thai 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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Krung Thai Corporate Management

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

Pongsit Chaichutpornsuk	Head EVP	Profile
Poonnis Sakuntanaga	Ex Director	Profile
Santi Parivisutt	EVP Group	Profile
Kanok Suwanaratana	First Accountant	Profile
Payong Srivanich	CEO Pres	Profile
Krairit Euchukanonchai	Ex Chairman	Profile
Saranya Vejakul	EVP CFO	Profile

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