SAAM Energy Correlations

SAAM Stock

THB 5.00 0.05 0.99%

The current 90-days correlation between SAAM Energy Development and Eastern Power Group is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SAAM Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SAAM Energy Development moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

SAAM Energy Correlation With Market

Significant diversification

The correlation between SAAM Energy Development and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SAAM Energy Development and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SAAM Stock

0.64	EA	Energy Absolute Public	Pair Corr
0.68	BCPG	BCPG Public	Pair Corr
0.82	ETC	Earth Tech Environment	Pair Corr
0.65	PRIME	Prime Road Power	Pair Corr

Moving against SAAM Stock

0.81	QHHRREIT	Quality Houses Hotel	Pair Corr
0.78	KGEN	King Gen PCL	Pair Corr
0.75	PRG	PRG Public	Pair Corr
0.7	SCB	SCB X Public	Pair Corr
0.64	KKP	Kiatnakin Phatra Bank	Pair Corr

Related Correlations Analysis

	ETC	EP	WP	TSE	TPCH	GREEN	ABM	PRIME	META	SUPER
ETC		0.64	0.74	0.56	0.86	0.66	0.77	0.55	0.09	0.84	ETC
EP	0.64		0.5	0.75	0.75	0.64	0.84	0.32	0.11	0.69	EP
WP	0.74	0.5		0.66	0.6	0.66	0.63	0.54	0.21	0.59	WP
TSE	0.56	0.75	0.66		0.68	0.79	0.74	0.3	0.21	0.64	TSE
TPCH	0.86	0.75	0.6	0.68		0.74	0.79	0.42	0.13	0.9	TPCH
GREEN	0.66	0.64	0.66	0.79	0.74		0.75	0.43	0.23	0.69	GREEN
ABM	0.77	0.84	0.63	0.74	0.79	0.75		0.46	0.14	0.78	ABM
PRIME	0.55	0.32	0.54	0.3	0.42	0.43	0.46		0.2	0.39	PRIME
META	0.09	0.11	0.21	0.21	0.13	0.23	0.14	0.2		0.1	META
SUPER	0.84	0.69	0.59	0.64	0.9	0.69	0.78	0.39	0.1		SUPER
	ETC	EP	WP	TSE	TPCH	GREEN	ABM	PRIME	META	SUPER

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Risk-Adjusted Indicators

There is a big difference between SAAM Stock performing well and SAAM Energy 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 SAAM Energy'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
ETC	2.00	(0.40)	0.00	9.84	0.00	0.00	3.70	(5.08)	14.31
EP	1.42	(0.09)	0.00	0.28	0.00	0.00	3.17	(3.48)	10.73
WP	0.49	(0.08)	0.00	(0.77)	0.00	0.00	1.07	(1.58)	3.67
TSE	2.56	(0.29)	0.00	(0.39)	0.00	0.00	5.66	(5.45)	22.05
TPCH	2.81	(1.07)	0.00	(6.08)	0.00	0.00	8.33	(12.75)	32.15
GREEN	1.83	(0.13)	0.00	(0.21)	0.00	0.00	3.70	(4.11)	26.14
ABM	2.69	(0.48)	0.00	(0.65)	0.00	0.00	6.15	(5.80)	27.58
PRIME	5.63	(0.28)	0.00	(0.47)	0.00	0.00	14.29	(12.50)	30.95
META	5.01	0.22	0.01	(0.09)	6.38	(16.67)	16.67	(14.29)	30.95
SUPER	3.86	(0.39)	0.00	(0.29)	0.00	0.00	10.00	(9.09)	19.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in SAAM Energy 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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SAAM Energy Corporate Management

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

Krittiya Honghiran	CFO CEO	Profile
Podduang Kongkamee	Acting CEO	Profile
Pasinee Wisarnsirirak	Accounting Mang	Profile
Manukitti Nityasuddhi	Chief Director	Profile

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