Scan Inter Correlations

SCN Stock

THB 0.37 0.03 8.82%

The current 90-days correlation between Scan Inter PCL and Asia Biomass Public is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Scan Inter moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Scan Inter PCL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Scan Inter Correlation With Market

Pay attention - limited upside

The correlation between Scan Inter PCL and DJI is -0.77 (i.e., Pay attention - limited upside) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Scan Inter PCL and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Scan Stock

0.85	PTTEP	PTT Exploration Earnings Call This Week	Pair Corr
0.85	BAREIT	BA Airport Leasehold	Pair Corr
0.84	VCOM	Vintcom Technology PCL	Pair Corr
0.83	BLA	Bangkok Life Assurance	Pair Corr
0.79	ALPHAX	Alpha Divisions PCL	Pair Corr
0.77	BA	Bangkok Airways Public	Pair Corr
0.72	AMATAR	Amata Summit Growth	Pair Corr
0.7	KTBSTMR	KTBST Mixed Leasehold	Pair Corr
0.66	IMPACT	Impact Growth REIT Earnings Call This Week	Pair Corr
0.51	BC	Boutique Public	Pair Corr
0.43	SVOA	SVOA Public	Pair Corr
0.39	RT	Right Tunnelling Public	Pair Corr

Related Correlations Analysis

	GREEN	ABM	GTV	PRIME	SKE	META	TSE	EP	TPCH
GREEN		0.39	0.43	0.5	0.49	0.28	0.15	0.01	0.5	GREEN
ABM	0.39		0.49	0.57	0.71	0.5	0.33	0.41	0.29	ABM
GTV	0.43	0.49		0.48	0.6	0.35	0.15	0.22	0.31	GTV
PRIME	0.5	0.57	0.48		0.68	0.49	0.03	0.12	0.26	PRIME
SKE	0.49	0.71	0.6	0.68		0.5	0.38	0.15	0.42	SKE
META	0.28	0.5	0.35	0.49	0.5		0.44	0.36	0.12	META
TSE	0.15	0.33	0.15	0.03	0.38	0.44		0.37	-0.08	TSE
EP	0.01	0.41	0.22	0.12	0.15	0.36	0.37		0.0	EP
TPCH	0.5	0.29	0.31	0.26	0.42	0.12	-0.08	0.0		TPCH
	GREEN	ABM	GTV	PRIME	SKE	META	TSE	EP	TPCH

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

SKE	+ 0.71	ABM
SKE	+ 0.68	PRIME
SKE	+ 0.6	GTV
PRIME	+ 0.57	ABM
PRIME	+ 0.5	GREEN
TPCH	+ 0.5	GREEN

High negative correlations

TPCH	- 0.08	TSE
TPCH	- 0.0	EP

Risk-Adjusted Indicators

There is a big difference between Scan Stock performing well and Scan Inter 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 Scan Inter'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
GREEN	1.73	(0.05)	0.00	(0.05)	0.00	0.00	4.84	(4.41)	9.60
ABM	2.84	(0.38)	0.00	(0.75)	0.00	0.00	6.25	(5.88)	27.58
GTV	14.19	1.26	0.06	0.27	13.70	(30.73)	33.33	(25.00)	58.33
PRIME	4.85	0.02	0.01	0.04	6.25	(16.14)	16.67	(14.29)	36.67
SKE	3.58	(0.36)	0.00	(1.55)	0.00	0.00	7.14	(6.67)	20.95
META	4.06	(0.19)	0.00	0.64	0.00	0.00	16.67	(14.29)	36.67
TSE	1.83	(0.13)	0.00	(0.61)	0.00	0.00	2.50	(4.55)	11.40
EP	1.20	(0.05)	0.00	0.14	0.00	0.00	2.56	(3.48)	10.73
TPCH	3.56	(0.50)	0.00	(0.27)	0.00	0.00	9.63	(12.75)	32.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Scan Inter 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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