Stars Microelectronics Correlations

SMT Stock

THB 1.07 0.02 1.83%

The current 90-days correlation between Stars Microelectronics and Silicon Craft Technology is -0.11 (i.e., Good 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 Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Stars Microelectronics Correlation With Market

Significant diversification

The correlation between Stars Microelectronics Public and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Stars Microelectronics Public and DJI in the same portfolio, assuming nothing else is changed.

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 Public to buy it.

Moving together with Stars Stock

0.64

WAVE

Wave Entertainment Public

Pair Corr

Moving against Stars Stock

0.77	SAT	Somboon Advance Tech	Pair Corr
0.76	ADVANC	Advanced Info Service	Pair Corr
0.75	TVDH	TVD Holdings PCL	Pair Corr
0.7	WHAUP	WHA Utilities	Pair Corr
0.65	TSC	Thai Steel Cable	Pair Corr
0.63	KTB	Krung Thai Bank	Pair Corr
0.6	STANLY	Thai Stanley Electric	Pair Corr
0.6	SGP	Siamgas and Petroche	Pair Corr
0.6	SRICHA	Sriracha Construction	Pair Corr
0.58	JTS	Jasmine Telecom Systems	Pair Corr
0.55	MOONG	Moong Pattana Intern	Pair Corr
0.55	KBANK	Kasikornbank Public	Pair Corr
0.54	BEM	Bangkok Expressway and	Pair Corr
0.54	PRG	PRG Public	Pair Corr
0.54	FTE	Firetrade Engineering PCL	Pair Corr
0.48	YUASA	Yuasa Battery Public	Pair Corr
0.42	AJA	AJ Advance Technology	Pair Corr
0.41	GVREIT	Golden Ventures Leasehold	Pair Corr
0.4	KAMART	Karmarts Public	Pair Corr
0.35	MC	MC Group Public	Pair Corr
0.77	AGE	Asia Green Energy	Pair Corr
0.74	TWPC	Thai Wah Public	Pair Corr
0.72	SPCG	SPCG Public	Pair Corr
0.7	VIH	Srivichaivejvivat Public	Pair Corr
0.7	GABLE	G Able PCL	Pair Corr
0.7	METCO	Muramoto Electron Public	Pair Corr
0.67	TITLE	Rhom Bho Property	Pair Corr
0.65	BA	Bangkok Airways Public	Pair Corr
0.65	TRT	Tirathai Public	Pair Corr
0.61	QHHRREIT	Quality Houses Hotel	Pair Corr
0.57	NER	North East Rubbers	Pair Corr
0.56	SFLEX	Starflex Public	Pair Corr
0.49	BBL	Bangkok Bank PCL	Pair Corr
0.47	ALUCON	Alucon Public	Pair Corr
0.46	CTW	Charoong Thai Wire	Pair Corr

Related Correlations Analysis

	SICT	SPREME	ALT	AJA	CPW	CSS	SVOA	DTCENT	SECURE	AMARC
SICT		0.56	0.33	-0.78	0.83	0.94	0.45	0.82	0.87	0.86	SICT
SPREME	0.56		0.3	-0.34	0.38	0.51	0.58	0.5	0.58	0.56	SPREME
ALT	0.33	0.3		-0.28	0.43	0.33	0.54	-0.04	0.27	0.56	ALT
AJA	-0.78	-0.34	-0.28		-0.79	-0.74	-0.27	-0.57	-0.72	-0.66	AJA
CPW	0.83	0.38	0.43	-0.79		0.84	0.38	0.6	0.74	0.87	CPW
CSS	0.94	0.51	0.33	-0.74	0.84		0.5	0.84	0.85	0.88	CSS
SVOA	0.45	0.58	0.54	-0.27	0.38	0.5		0.34	0.43	0.56	SVOA
DTCENT	0.82	0.5	-0.04	-0.57	0.6	0.84	0.34		0.82	0.65	DTCENT
SECURE	0.87	0.58	0.27	-0.72	0.74	0.85	0.43	0.82		0.72	SECURE
AMARC	0.86	0.56	0.56	-0.66	0.87	0.88	0.56	0.65	0.72		AMARC
	SICT	SPREME	ALT	AJA	CPW	CSS	SVOA	DTCENT	SECURE	AMARC

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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

CSS	+ 0.94	SICT
AMARC	+ 0.88	CSS
SECURE	+ 0.87	SICT
AMARC	+ 0.87	CPW
AMARC	+ 0.86	SICT
SECURE	+ 0.85	CSS

High negative correlations

CPW	- 0.79	AJA
AJA	- 0.78	SICT
CSS	- 0.74	AJA
SECURE	- 0.72	AJA
AMARC	- 0.66	AJA
DTCENT	- 0.57	AJA

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	0.93	(0.32)	0.00	(1.17)	0.00	0.00	1.50	(2.29)	6.41
SPREME	1.38	(0.08)	0.00	(0.08)	0.00	0.00	2.90	(2.74)	14.44
ALT	1.76	(0.04)	0.00	(0.03)	0.00	0.00	5.21	(3.67)	15.49
AJA	4.09	0.47	0.05	(0.88)	4.29	(7.94)	12.50	(9.52)	26.67
CPW	1.26	(0.21)	0.00	(0.95)	0.00	0.00	1.98	(2.75)	9.67
CSS	0.57	(0.10)	0.00	2.83	0.00	0.00	1.30	(1.28)	2.61
SVOA	1.11	(0.07)	0.00	(0.45)	0.00	0.00	2.88	(2.96)	7.60
DTCENT	1.28	(0.12)	0.00	6.30	0.00	0.00	2.25	(2.97)	9.56
SECURE	0.76	(0.04)	0.00	(0.06)	0.00	0.00	1.63	(1.57)	5.49
AMARC	1.82	(0.47)	0.00	2.22	0.00	0.00	3.01	(4.95)	16.04

Be your own money manager

Our tools can tell you how much better you can do entering a position in Stars Microelectronics 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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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

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