Tong Hua Correlations
| TH Stock | THB 0.77 0.02 2.53% |
The current 90-days correlation between Tong Hua Holding and Thai Reinsurance Public is -0.03 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tong Hua moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tong Hua Holding moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Tong Hua Correlation With Market
Good diversification
The correlation between Tong Hua Holding and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tong Hua Holding and DJI in the same portfolio, assuming nothing else is changed.
Tong |
The ability to find closely correlated positions to Tong Hua could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tong Hua 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 Tong Hua - 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 Tong Hua Holding to buy it.
Moving together with Tong Stock
| 0.62 | ASIA | Asia Hotel Public | PairCorr |
| 0.75 | VPO | Vichitbhan Palmoil Public | PairCorr |
| 0.84 | MONO | Mono Next Public | PairCorr |
| 0.92 | D | Dental Public | PairCorr |
| 0.91 | FVC | Filter Vision Public | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Tong Stock performing well and Tong Hua 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 Tong Hua'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| THRE | 1.36 | 0.05 | (0.03) | (0.83) | 1.46 | 6.25 | 11.75 | |||
| THREL | 0.92 | 0.02 | (0.09) | 0.04 | 1.08 | 1.79 | 11.54 | |||
| THANI | 1.40 | (0.10) | 0.00 | 0.26 | 0.00 | 4.05 | 16.94 | |||
| TKS | 0.86 | (0.22) | 0.00 | (1.01) | 0.00 | 2.17 | 10.47 | |||
| SVI | 1.83 | (0.31) | 0.00 | (0.38) | 0.00 | 3.45 | 16.49 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tong Hua 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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Tong Hua Corporate Management
Elected by the shareholders, the Tong Hua's board of directors comprises two types of representatives: Tong Hua inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tong. The board's role is to monitor Tong Hua's management team and ensure that shareholders' interests are well served. Tong Hua'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, Tong Hua's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Somphot Kayawatthanakit | Director | Profile | |
| Wanida Wannasirikul | Independent Director | Profile | |
| Preecha Lertkamonmast | Vice Chairman of the Board | Profile | |
| Nithi Charuworn | Director | Profile | |
| Pongsak Chajaimjan | President Director | Profile | |
| Duangnapaporn Promyaduang | Company Secretary | Profile | |
| Priyaphorn Kayawatthanakit | Director | Profile |