Sri Trang Correlations
| STGT Stock | THB 9.75 0.15 1.52% |
The current 90-days correlation between Sri Trang Gloves and The Erawan Group is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sri Trang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sri Trang Gloves moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sri Trang Correlation With Market
Average diversification
The correlation between Sri Trang Gloves and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sri Trang Gloves and DJI in the same portfolio, assuming nothing else is changed.
Sri |
The ability to find closely correlated positions to Sri Trang 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 Trang 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 Trang - 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 Trang Gloves to buy it.
Moving together with Sri Stock
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Sri Stock performing well and Sri Trang 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 Trang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NCL | 3.98 | 0.18 | 0.01 | (1.97) | 3.69 | 10.26 | 36.45 | |||
| ERW | 1.34 | 0.21 | 0.02 | (0.49) | 1.49 | 4.17 | 14.40 | |||
| AOT | 0.82 | 0.04 | (0.07) | 4.23 | 0.85 | 2.07 | 5.57 | |||
| ETE | 1.35 | (0.16) | 0.00 | 0.77 | 0.00 | 3.74 | 9.12 | |||
| PYLON | 1.04 | (0.04) | 0.00 | 0.40 | 0.00 | 1.94 | 11.24 | |||
| ASIAN | 1.48 | (0.16) | 0.00 | 1.01 | 0.00 | 3.89 | 8.38 | |||
| GUNKUL | 1.98 | 0.22 | 0.00 | (0.17) | 2.14 | 4.00 | 11.36 | |||
| ONEE | 1.72 | 0.11 | 0.00 | 0.74 | 1.62 | 4.14 | 13.60 | |||
| LHHOTEL | 1.05 | 0.19 | 0.06 | 2.12 | 0.90 | 2.48 | 6.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sri Trang 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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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Sri Trang Corporate Management
Elected by the shareholders, the Sri Trang's board of directors comprises two types of representatives: Sri Trang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sri. The board's role is to monitor Sri Trang's management team and ensure that shareholders' interests are well served. Sri Trang'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, Sri Trang's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Narungsri Chiranakorn | Head Audit | Profile | |
| Kittaya Vuthipadadorn | Company Sec | Profile | |
| Oralak Nakin | Fin Accountant | Profile | |
| Tipwadee Sudwayha | Head Relations | Profile |