Srisawad Power Correlations
| SAWAD Stock | THB 39.75 0.50 1.24% |
The current 90-days correlation between Srisawad Power 1979 and Muangthai Capital Public is 0.59 (i.e., Very weak diversification). The correlation of Srisawad Power 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.
Srisawad Power Correlation With Market
Significant diversification
The correlation between Srisawad Power 1979 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 Srisawad Power 1979 and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Srisawad Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Srisawad Power 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 Srisawad Power - 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 Srisawad Power 1979 to buy it.
Moving together with Srisawad Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Srisawad Stock performing well and Srisawad Power 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 Srisawad Power'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MTC | 1.46 | 0.13 | 0.01 | 3.90 | 1.51 | 3.98 | 9.83 | |||
| CBG | 1.22 | 0.27 | 0.07 | (1.27) | 1.59 | 2.96 | 12.65 | |||
| TISCO | 0.42 | 0.04 | (0.14) | 2.12 | 0.31 | 1.04 | 3.35 | |||
| MINT | 1.06 | 0.04 | (0.06) | (0.48) | 1.08 | 1.98 | 9.06 | |||
| KBANK | 0.83 | 0.06 | (0.03) | 0.51 | 0.97 | 1.97 | 7.02 |
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Srisawad Power Corporate Management
Elected by the shareholders, the Srisawad Power's board of directors comprises two types of representatives: Srisawad Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Srisawad. The board's role is to monitor Srisawad Power's management team and ensure that shareholders' interests are well served. Srisawad Power'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, Srisawad Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thida Kaewbootta | Investor Officer | Profile | |
| Somyot Ngerndumrong | VP Director | Profile | |
| Watchabooraya SurasingSarit | VP Department | Profile | |
| Prayong Saennual | VP HR | Profile | |
| Chomchaba Sathapornpong | Company Sec | Profile |