Starflex Public Correlations
| SFLEX Stock | 3.14 0.02 0.64% |
The current 90-days correlation between Starflex Public and Thantawan Industry Public is 0.23 (i.e., Modest diversification). The correlation of Starflex Public 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.
Starflex Public Correlation With Market
Average diversification
The correlation between Starflex Public and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Starflex Public and DJI in the same portfolio, assuming nothing else is changed.
Starflex |
The ability to find closely correlated positions to Starflex Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Starflex Public 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 Starflex Public - 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 Starflex Public to buy it.
Moving together with Starflex Stock
| 0.84 | AOT | Airports Of Thailand | PairCorr |
| 0.9 | CTW | Charoong Thai Wire | PairCorr |
| 0.85 | GABLE | G Able PCL | PairCorr |
| 0.65 | TWPC | Thai Wah Public | PairCorr |
| 0.91 | TRT | Tirathai Public | PairCorr |
| 0.72 | JCT | Jack Chia Industries | PairCorr |
| 0.84 | AGE | Asia Green Energy | PairCorr |
| 0.8 | SPCG | SPCG Public | PairCorr |
| 0.84 | AIMIRT | AIM Industrial Growth | PairCorr |
| 0.63 | MC | MC Group Public | PairCorr |
| 0.82 | FTE | Firetrade Engineering PCL | PairCorr |
| 0.8 | NNCL | Nava Nakorn Public | PairCorr |
| 0.76 | KAMART | Karmarts Public | PairCorr |
| 0.8 | TSC | Thai Steel Cable | PairCorr |
| 0.74 | SRICHA | Sriracha Construction | PairCorr |
| 0.83 | METCO | Muramoto Electron Public | PairCorr |
| 0.78 | BEYOND | Bound and Beyond | PairCorr |
| 0.72 | SAT | Somboon Advance Tech | PairCorr |
| 0.8 | PRG | PRG Public | PairCorr |
| 0.72 | ALUCON | Alucon Public | PairCorr |
| 0.86 | NER | North East Rubbers | PairCorr |
| 0.86 | MOONG | Moong Pattana Intern | PairCorr |
Moving against Starflex Stock
| 0.63 | DELTA | Delta Electronics Public | PairCorr |
| 0.6 | BGRIM | BGrimm Power Public | PairCorr |
| 0.37 | WAVE | Wave Entertainment Public | PairCorr |
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 Starflex Stock performing well and Starflex Public 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 Starflex Public'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| THIP | 0.75 | (0.21) | 0.00 | (0.58) | 0.00 | 1.33 | 9.79 | |||
| TPAC | 1.02 | 0.00 | (0.01) | 0.05 | 1.10 | 1.91 | 10.74 | |||
| CSC | 0.33 | (0.05) | 0.00 | (0.75) | 0.00 | 0.56 | 2.23 | |||
| TPBI | 0.54 | (0.07) | 0.00 | (0.33) | 0.00 | 0.70 | 4.03 | |||
| PJW | 0.63 | (0.05) | 0.00 | (0.10) | 0.00 | 1.00 | 3.88 | |||
| BEYOND | 1.84 | 0.47 | 0.07 | (1.85) | 3.44 | 4.41 | 19.19 | |||
| IRC | 0.85 | 0.02 | (0.01) | 0.11 | 0.98 | 1.79 | 6.93 | |||
| SITHAI | 0.57 | (0.02) | (0.04) | (0.03) | 0.72 | 0.96 | 4.66 | |||
| FPI | 0.67 | 0.06 | 0.01 | 1.44 | 0.68 | 1.85 | 5.00 | |||
| AJ | 1.82 | (0.31) | 0.00 | (2.14) | 0.00 | 2.60 | 31.30 |
Starflex Public Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Starflex Public stock to make a market-neutral strategy. Peer analysis of Starflex Public could also be used in its relative valuation, which is a method of valuing Starflex Public by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |