Prime Road Correlations
| PRIME Stock | THB 0.09 0.01 10.00% |
The current 90-days correlation between Prime Road Power and Diamond Building Products is 0.22 (i.e., Modest diversification). The correlation of Prime Road 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.
Prime Road Correlation With Market
Significant diversification
The correlation between Prime Road Power and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Prime Road Power and DJI in the same portfolio, assuming nothing else is changed.
Prime |
The ability to find closely correlated positions to Prime Road could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prime Road 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 Prime Road - 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 Prime Road Power to buy it.
Moving together with Prime Stock
| 0.66 | EA | Energy Absolute Public | PairCorr |
| 0.65 | SSP | Sermsang Power | PairCorr |
| 0.82 | ETC | Earth Tech Environment | PairCorr |
| 0.82 | TSE | Thai Solar Energy | PairCorr |
| 0.79 | EP | Eastern Power Group | PairCorr |
| 0.62 | PTT | PTT Public | PairCorr |
| 0.62 | PTT-R | PTT Public | PairCorr |
Moving against Prime Stock
| 0.74 | SCB | SCB X Public | PairCorr |
| 0.65 | AKR | Ekarat Engineering Public | PairCorr |
| 0.53 | KBANK | Kasikornbank Public | PairCorr |
| 0.53 | KBANK-R | Kasikornbank Public | PairCorr |
| 0.51 | BTS | BTS Group Holdings | PairCorr |
| 0.43 | KTB | Krung Thai Bank | PairCorr |
| 0.43 | KTB-R | Krung Thai Bank | PairCorr |
| 0.43 | UREKA | Eureka Design Public | PairCorr |
| 0.43 | VGI | VGI Public | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Prime Stock performing well and Prime Road 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 Prime Road'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCPG | 2.14 | (0.18) | 0.00 | (0.69) | 0.00 | 5.22 | 17.40 | |||
| DRT | 0.47 | (0.13) | 0.00 | (3.72) | 0.00 | 0.66 | 2.64 | |||
| ETC | 1.82 | (0.69) | 0.00 | (2.97) | 0.00 | 3.70 | 15.85 | |||
| TPIPP | 0.50 | (0.08) | 0.00 | 31.40 | 0.00 | 0.68 | 4.05 | |||
| EA | 3.28 | (1.04) | 0.00 | 2.37 | 0.00 | 8.25 | 30.30 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Prime Road 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 Headlines Timeline Now
Headlines TimelineStay connected to all market stories and filter out noise. Drill down to analyze hype elasticity |
| All Next | Launch Module |
Prime Road Corporate Management
Elected by the shareholders, the Prime Road's board of directors comprises two types of representatives: Prime Road inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Prime. The board's role is to monitor Prime Road's management team and ensure that shareholders' interests are well served. Prime Road'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, Prime Road's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pattama Choetnapha | Vice President of Finance and Accounting, Executive Director | Profile | |
| Arthur Napolitano | Executive Director | Profile | |
| Kumphol Panyagometh | Independent Director | Profile | |
| Wipaporn Chairatana | Independent Director | Profile | |
| Somprasong Panjalak | Chairman of the Board, Managing Director | Profile | |
| Amporn Pengsri | Chief Accounting Officer | Profile |