STPI Public Correlations
| STPI Stock | THB 4.62 0.06 1.28% |
The current 90-days correlation between STPI Public and Thai German Products Public is 0.1 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as STPI Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if STPI Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
STPI Public Correlation With Market
Very poor diversification
The correlation between STPI Public and DJI is 0.82 (i.e., Very poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding STPI Public and DJI in the same portfolio, assuming nothing else is changed.
STPI |
The ability to find closely correlated positions to STPI Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace STPI Public 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 STPI Public - 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 STPI Public to buy it.
Moving together with STPI Stock
| 0.69 | TMILL | T S Flour | PairCorr |
| 0.73 | WHART | WHA Premium Growth | PairCorr |
| 0.65 | SSP | Sermsang Power | PairCorr |
| 0.85 | STGT | Sri Trang Gloves | PairCorr |
| 0.7 | HMPRO | Home Product Center Earnings Call Today | PairCorr |
| 0.67 | DRT | Diamond Building Products | PairCorr |
| 0.68 | NEO | Neo Corporate Pcl | PairCorr |
| 0.77 | NNCL | Nava Nakorn Public | PairCorr |
| 0.72 | DIF | Digital Telecommunicatio Earnings Call This Week | PairCorr |
| 0.65 | SCCC | Siam City Cement | PairCorr |
| 0.75 | SCB | SCB X Public | PairCorr |
Moving against STPI Stock
| 0.35 | DIMET | Dimet Public | PairCorr |
| 0.73 | OGC | Ocean Glass Public | PairCorr |
| 0.46 | RML | Raimon Land Public | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between STPI Stock performing well and STPI Public 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 STPI Public'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TGPRO | 6.48 | 0.64 | 0.03 | (0.90) | 7.67 | 25.00 | 45.00 | |||
| RWI | 3.18 | 0.15 | 0.01 | (0.16) | 3.59 | 5.26 | 24.52 | |||
| GEL | 10.47 | 1.72 | 0.06 | 1.04 | 11.06 | 50.00 | 120.00 | |||
| SK | 1.19 | 0.03 | (0.01) | 1.10 | 1.25 | 3.64 | 7.27 | |||
| DIMET | 7.33 | 0.49 | 0.02 | (0.21) | 8.42 | 20.00 | 45.00 | |||
| STOWER | 14.09 | 2.51 | 0.07 | (0.48) | 13.79 | 50.00 | 83.33 | |||
| TWP | 1.49 | 0.10 | 0.04 | 0.25 | 1.51 | 4.46 | 8.90 | |||
| DPAINT | 3.35 | 0.45 | 0.12 | 0.53 | 3.06 | 7.46 | 33.37 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in STPI Public 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?
Run Odds Of Bankruptcy Now
Odds Of BankruptcyGet analysis of equity chance of financial distress in the next 2 years |
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STPI Public Corporate Management
Elected by the shareholders, the STPI Public's board of directors comprises two types of representatives: STPI Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of STPI. The board's role is to monitor STPI Public's management team and ensure that shareholders' interests are well served. STPI Public'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, STPI Public's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Supattra Yangtrong | Finance & Accounting Department Manager | Profile | |
| Supot Poungtong | Fabrication Board | Profile | |
| Anilrat Nitisaroj | Business Development & Legal Department Manager | Profile | |
| Atitaya Charnvirakul | Administrative Department Manager and Corporate Secretary | Profile | |
| Tawan Chaisomtip | Project Board | Profile |