Star Petroleum Correlations
| SPRC Stock | THB 6.60 0.10 1.49% |
The current 90-days correlation between Star Petroleum Refining and IRPC Public is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Star Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Star Petroleum Refining moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Star Petroleum Correlation With Market
Good diversification
The correlation between Star Petroleum Refining and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Star Petroleum Refining and DJI in the same portfolio, assuming nothing else is changed.
Star |
The ability to find closely correlated positions to Star Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Star Petroleum 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 Star Petroleum - 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 Star Petroleum Refining to buy it.
Moving against Star Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Star Stock performing well and Star Petroleum 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 Star Petroleum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TOP | 1.26 | (0.35) | 0.00 | 1.84 | 0.00 | 2.46 | 12.78 | |||
| IRPC | 1.48 | (0.12) | 0.00 | (0.82) | 0.00 | 4.05 | 19.84 | |||
| PTTGC | 1.94 | 0.05 | (0.01) | 0.29 | 1.98 | 5.50 | 22.41 | |||
| PTTEP | 1.12 | (0.11) | 0.00 | 1.14 | 0.00 | 2.55 | 6.55 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Star Petroleum 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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Star Petroleum Corporate Management
Elected by the shareholders, the Star Petroleum's board of directors comprises two types of representatives: Star Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Star. The board's role is to monitor Star Petroleum's management team and ensure that shareholders' interests are well served. Star Petroleum'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, Star Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Steven Gibson | Deputy Operations | Profile | |
| Chirasak Mhasuconda | Ma HR | Profile | |
| Konlayuth Chotepatana | Acting Engineering | Profile | |
| Suttanuch Kittipongvises | Chief Officer | Profile | |
| Nutsara Somkiatweera | Chief Officer | Profile | |
| Robert Dobrik | CEO Director | Profile | |
| Nattawan Khumwiwat | Company Counsel | Profile |