Sri Panwa Correlations

SRIPANWA

THB 5.85 0.15 2.63%

The current 90-days correlation between Sri panwa Hospitality and LH Shopping Centers is 0.36 (i.e., Weak diversification). The correlation of Sri Panwa 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Sri Panwa Correlation With Market

Average diversification

The correlation between Sri panwa Hospitality and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sri panwa Hospitality and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Sri Stock

0.74	INTUCH-R	Intouch Holdings Public	Pair Corr
0.74	INTUCH	Intouch Holdings Public	Pair Corr

Moving against Sri Stock

0.66

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Pair Corr

Related Correlations Analysis

	LHHOTEL	LHSC	GAHREIT	ERW	ACG	XPG	JMART-R	AOT	ETE	PYLON
LHHOTEL		0.44	0.71	0.44	0.6	0.28	0.09	0.64	0.36	0.4	LHHOTEL
LHSC	0.44		0.1	0.37	0.53	-0.18	0.1	0.05	0.08	0.13	LHSC
GAHREIT	0.71	0.1		0.3	0.52	0.52	-0.02	0.77	0.35	0.37	GAHREIT
ERW	0.44	0.37	0.3		0.82	0.11	0.61	0.38	0.91	0.9	ERW
ACG	0.6	0.53	0.52	0.82		0.32	0.45	0.54	0.79	0.82	ACG
XPG	0.28	-0.18	0.52	0.11	0.32		0.05	0.66	0.35	0.39	XPG
JMART-R	0.09	0.1	-0.02	0.61	0.45	0.05		0.06	0.63	0.6	JMART-R
AOT	0.64	0.05	0.77	0.38	0.54	0.66	0.06		0.46	0.49	AOT
ETE	0.36	0.08	0.35	0.91	0.79	0.35	0.63	0.46		0.99	ETE
PYLON	0.4	0.13	0.37	0.9	0.82	0.39	0.6	0.49	0.99		PYLON
	LHHOTEL	LHSC	GAHREIT	ERW	ACG	XPG	JMART-R	AOT	ETE	PYLON

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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

PYLON	+ 0.99	ETE
ETE	+ 0.91	ERW
PYLON	+ 0.9	ERW
ACG	+ 0.82	ERW
PYLON	+ 0.82	ACG
ETE	+ 0.79	ACG

High negative correlations

XPG	- 0.18	LHSC
JMART-R	- 0.02	GAHREIT

Risk-Adjusted Indicators

There is a big difference between Sri Stock performing well and Sri Panwa 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 Sri Panwa'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
LHHOTEL	1.20	(0.09)	0.00	0.47	0.00	0.00	2.44	(1.64)	6.89
LHSC	0.92	0.18	0.05	0.93	0.76	(1.55)	1.80	(1.78)	12.54
GAHREIT	0.87	(0.03)	0.00	(0.06)	0.00	0.00	1.54	(1.52)	5.16
ERW	1.33	0.18	0.00	(0.36)	1.46	(2.23)	4.17	(2.55)	14.40
ACG	2.77	(0.01)	0.00	0.12	3.25	(4.30)	4.82	(6.45)	39.29
XPG	1.92	0.09	(0.01)	0.67	2.18	(3.14)	5.21	(3.09)	17.02
JMART-R	0.53	(0.18)	0.00	(0.87)	0.00	0.00	0.00	0.00	17.85
AOT	0.80	0.02	(0.12)	(0.07)	0.86	(0.99)	2.07	(1.59)	5.57
ETE	1.44	(0.13)	0.00	0.39	0.00	0.00	3.74	(3.06)	9.12
PYLON	1.01	(0.16)	0.00	(0.37)	0.00	0.00	1.80	(2.83)	11.24

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Our tools can tell you how much better you can do entering a position in Sri Panwa 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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