Stars Microelectronics Correlations
| SMT Stock | THB 1.18 0.04 3.28% |
The current 90-days correlation between Stars Microelectronics and Silicon Craft Technology is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Stars Microelectronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Stars Microelectronics PCL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Stars Microelectronics Correlation With Market
Very good diversification
The correlation between Stars Microelectronics PCL and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stars Microelectronics PCL and DJI in the same portfolio, assuming nothing else is changed.
Stars |
The ability to find closely correlated positions to Stars Microelectronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Stars Microelectronics 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 Stars Microelectronics - 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 Stars Microelectronics PCL to buy it.
Moving against Stars 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
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Risk-Adjusted Indicators
There is a big difference between Stars Stock performing well and Stars Microelectronics 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 Stars Microelectronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SICT | 0.85 | (0.12) | 0.00 | (0.45) | 0.00 | 2.34 | 6.41 | |||
| SPREME | 1.31 | 0.00 | (0.02) | 0.08 | 1.45 | 2.90 | 9.54 | |||
| ALT | 1.52 | 0.21 | 0.09 | 0.84 | 1.25 | 4.67 | 14.49 | |||
| AJA | 3.84 | 0.03 | 0.00 | 0.14 | 4.22 | 6.67 | 26.67 | |||
| CPW | 1.07 | (0.06) | 0.00 | (0.20) | 0.00 | 1.98 | 9.67 | |||
| CSS | 0.64 | (0.06) | 0.00 | (0.27) | 0.00 | 1.32 | 3.93 | |||
| SVOA | 1.04 | (0.05) | 0.00 | (0.13) | 0.00 | 1.57 | 7.06 | |||
| DTCENT | 1.12 | (0.19) | 0.00 | 0.67 | 0.00 | 2.06 | 6.43 | |||
| SECURE | 1.19 | (0.07) | 0.00 | 0.64 | 0.00 | 2.38 | 11.40 | |||
| AMARC | 2.09 | (0.13) | 0.00 | (0.39) | 0.00 | 4.00 | 18.22 |
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Stars Microelectronics Corporate Management
Elected by the shareholders, the Stars Microelectronics' board of directors comprises two types of representatives: Stars Microelectronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Stars. The board's role is to monitor Stars Microelectronics' management team and ensure that shareholders' interests are well served. Stars Microelectronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Stars Microelectronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Virat Phugthai | Chief Officer | Profile | |
| Nattapong Chaikul | Ex Director | Profile | |
| Ruangpoj Phakdurong | Chief Officer | Profile | |
| Yunyong Sawasdi | Company Director | Profile | |
| Somchai Binlae | Director HR | Profile | |
| Chotisak Promwas | Chief Officer | Profile | |
| Chaviga Champasaen | Legal Mang | Profile |