Thaifoods Group Correlations
| TFG Stock | THB 3.76 0.04 1.08% |
The current 90-days correlation between Thaifoods Group Public and Minor International Public is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thaifoods Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thaifoods Group Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Thaifoods Group Correlation With Market
Significant diversification
The correlation between Thaifoods Group 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 Thaifoods Group Public and DJI in the same portfolio, assuming nothing else is changed.
Thaifoods |
The ability to find closely correlated positions to Thaifoods Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thaifoods Group 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 Thaifoods Group - 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 Thaifoods Group Public to buy it.
Moving together with Thaifoods Stock
Moving against Thaifoods Stock
| 0.76 | RCL | Regional Container Lines | PairCorr |
| 0.67 | GRAMMY | GMM Grammy Public | PairCorr |
| 0.48 | ACC | Advanced Connection | PairCorr |
| 0.4 | ROJNA | Rojana Industrial Park | PairCorr |
Related Correlations Analysis
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Thaifoods Group Corporate Management
Elected by the shareholders, the Thaifoods Group's board of directors comprises two types of representatives: Thaifoods Group inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thaifoods. The board's role is to monitor Thaifoods Group's management team and ensure that shareholders' interests are well served. Thaifoods Group'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, Thaifoods Group's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Oranuch Pensirivorasap | Chief Department | Profile | |
| Somboon Pankrai | Deputy Manufacturing | Profile | |
| Pattama Hongsittiwongse | Internal Audit | Profile | |
| Siriluck Tangwiboonpanich | Assistant Sec | Profile | |
| Nattaya Huatsoontorn | Ex Unit | Profile | |
| Winai Teawsomboonkij | CEO Director | Profile |