SC Asset Correlations
| SC Stock | THB 2.10 0.02 0.96% |
The current 90-days correlation between SC Asset and Pruksa Holding Public is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SC Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SC Asset moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
SC Asset Correlation With Market
Poor diversification
The correlation between SC Asset and DJI is 0.63 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SC Asset and DJI in the same portfolio, assuming nothing else is changed.
SC Asset |
The ability to find closely correlated positions to SC Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SC Asset 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 SC Asset - 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 SC Asset to buy it.
Moving together with SC Asset Stock
| 0.92 | AYUD | Allianz Ayudhya Capital | PairCorr |
| 0.91 | RCL | Regional Container Lines | PairCorr |
| 0.83 | WHART | WHA Premium Growth | PairCorr |
| 0.89 | SCB | SCB X Public | PairCorr |
| 0.88 | SIRI | Siri Prime Office Earnings Call Tomorrow | PairCorr |
| 0.82 | PDG | Prodigy Public | PairCorr |
| 0.88 | WPH | Wattanapat Hospital Trang | PairCorr |
| 0.68 | CRC | Central Retail Earnings Call This Week | PairCorr |
| 0.62 | PJW | Panjawattana Plastic | PairCorr |
| 0.87 | TNP | Thanapiriya Public | PairCorr |
| 0.68 | IRC | Inoue Rubber Public | PairCorr |
| 0.85 | BANPU | Banpu Public Earnings Call Tomorrow | PairCorr |
| 0.84 | AKP | Akkhie Prakarn Public | PairCorr |
| 0.8 | NEO | Neo Corporate Pcl | PairCorr |
| 0.96 | BA | Bangkok Airways Public | PairCorr |
Moving against SC Asset Stock
Related Correlations Analysis
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between SC Asset Stock performing well and SC Asset 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 SC Asset'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASW | 0.76 | 0.22 | 0.14 | 0.69 | 0.20 | 2.16 | 9.62 | |||
| PSH | 0.99 | 0.12 | 0.02 | 5.52 | 1.19 | 2.20 | 7.09 | |||
| PIN | 0.81 | 0.23 | 0.11 | (0.92) | 0.55 | 2.37 | 9.13 | |||
| ORI | 1.87 | 0.24 | 0.04 | (0.40) | 1.89 | 4.28 | 9.00 | |||
| SA | 0.57 | 0.01 | (0.07) | (0.07) | 0.70 | 2.11 | 6.32 | |||
| BLAND | 1.06 | (0.02) | 0.00 | 0.34 | 0.00 | 2.33 | 6.72 | |||
| A | 0.42 | (0.04) | 0.00 | (0.10) | 0.00 | 0.83 | 5.68 | |||
| LALIN | 0.41 | (0.05) | 0.00 | (0.51) | 0.00 | 0.84 | 1.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SC Asset 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?
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SC Asset Corporate Management
Elected by the shareholders, the SC Asset's board of directors comprises two types of representatives: SC Asset inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SC Asset. The board's role is to monitor SC Asset's management team and ensure that shareholders' interests are well served. SC Asset'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, SC Asset's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chomchada Kuldiloke | Head Communications | Profile | |
| Sirikul Kriangkrai | Deputy Chief People Officer | Profile | |
| Nattagit Sirirat | Head Marketing | Profile | |
| Namtip Promchua | Deputy Chief Accounting Officer | Profile | |
| Rachada Suvanajata | Head Relations | Profile | |
| Pannee Tharaphat | Deputy Chief Internal Audit Officer | Profile |