Plus Tech Correlations

PTECH Stock

1.93 0.22 12.87%

The current 90-days correlation between Plus Tech Innovation and Kingsmen CMTI Public is -0.05 (i.e., Good diversification). The correlation of Plus Tech 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.

Plus Tech Correlation With Market

Excellent diversification

The correlation between Plus Tech Innovation and DJI is -0.69 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Plus Tech Innovation and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Plus Stock

0.62

Siamrajathanee Public Earnings Call Today

Pair Corr

Moving against Plus Stock

0.8	AOT	Airports Of Thailand	Pair Corr
0.7	CTW	Charoong Thai Wire	Pair Corr
0.63	TRT	Tirathai Public	Pair Corr
0.6	TKS	TKS Technologies Public	Pair Corr
0.57	BLA	Bangkok Life Assurance Earnings Call This Week	Pair Corr
0.56	ARIN	Arinsiri Land Public	Pair Corr
0.5	PTT	PTT Public Earnings Call Tomorrow	Pair Corr
0.5	IHL	Interhides Public	Pair Corr
0.43	PTTEP	PTT Exploration	Pair Corr
0.43	TEGH	Thai Eastern Group	Pair Corr
0.42	QH	Quality Houses Public Earnings Call This Week	Pair Corr
0.39	SCC	Siam Cement	Pair Corr
0.8	BEYOND	Bound and Beyond	Pair Corr
0.76	YUASA	Yuasa Battery Public	Pair Corr
0.67	KAMART	Karmarts Public	Pair Corr
0.66	FTE	Firetrade Engineering PCL	Pair Corr
0.63	UPOIC	United Palm Oil	Pair Corr
0.61	ALT	ALT Telecom Public	Pair Corr
0.6	CPI	Chumporn Palm Oil	Pair Corr
0.6	KBANK	Kasikornbank Public	Pair Corr
0.59	AIMIRT	AIM Industrial Growth	Pair Corr
0.58	CMR	Chiang Mai Ram	Pair Corr

Related Correlations Analysis

	K	TRC	EMC	CAZ	SLP	TRITN	ATP30	MENA	PPM
K		-0.21	0.68	0.73	0.16	0.43	-0.11	0.77	0.56	K
TRC	-0.21		-0.33	0.06	-0.06	-0.31	-0.39	-0.03	-0.06	TRC
EMC	0.68	-0.33		0.64	0.2	0.45	-0.07	0.53	0.31	EMC
CAZ	0.73	0.06	0.64		0.07	0.27	-0.37	0.61	0.35	CAZ
SLP	0.16	-0.06	0.2	0.07		0.08	0.23	0.36	0.26	SLP
TRITN	0.43	-0.31	0.45	0.27	0.08		-0.02	0.41	0.35	TRITN
ATP30	-0.11	-0.39	-0.07	-0.37	0.23	-0.02		0.15	0.21	ATP30
MENA	0.77	-0.03	0.53	0.61	0.36	0.41	0.15		0.76	MENA
PPM	0.56	-0.06	0.31	0.35	0.26	0.35	0.21	0.76		PPM
	K	TRC	EMC	CAZ	SLP	TRITN	ATP30	MENA	PPM

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

MENA	+ 0.77	K
PPM	+ 0.76	MENA
CAZ	+ 0.73	K
EMC	+ 0.68	K
CAZ	+ 0.64	EMC
MENA	+ 0.61	CAZ

High negative correlations

ATP30	- 0.39	TRC
ATP30	- 0.37	CAZ
EMC	- 0.33	TRC
TRITN	- 0.31	TRC
TRC	- 0.21	K
ATP30	- 0.11	K

Risk-Adjusted Indicators

There is a big difference between Plus Stock performing well and Plus Tech 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 Plus Tech'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
K	1.52	(0.16)	0.00	(0.71)	0.00	0.00	4.00	(2.78)	12.93
TRC	4.26	0.42	0.09	0.48	3.61	(7.50)	15.00	(7.89)	37.82
EMC	10.87	1.11	0.03	(0.39)	13.48	(45.83)	50.00	(33.33)	83.33
CAZ	1.47	(0.36)	0.00	(3.54)	0.00	0.00	3.57	(3.75)	11.44
SLP	2.28	0.01	0.00	0.06	2.82	(3.81)	5.56	(5.26)	13.45
TRITN	13.61	1.73	0.05	2.39	14.24	(46.67)	50.00	(33.33)	83.33
ATP30	0.88	0.05	0.00	(10.40)	0.96	(1.43)	2.22	(2.27)	5.84
MENA	1.47	(0.04)	0.00	0.18	0.00	0.00	2.74	(2.67)	9.09
PPM	1.87	0.10	0.02	(6.21)	2.35	(2.39)	5.00	(5.13)	13.18

Be your own money manager

Our tools can tell you how much better you can do entering a position in Plus Tech 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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