Thai Nakarin Correlations
| TNH Stock | THB 37.25 0.25 0.67% |
The current 90-days correlation between Thai Nakarin Hospital and Bumrungrad Hospital Public is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thai Nakarin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thai Nakarin Hospital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Thai Nakarin Correlation With Market
Good diversification
The correlation between Thai Nakarin Hospital and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thai Nakarin Hospital and DJI in the same portfolio, assuming nothing else is changed.
Thai |
The ability to find closely correlated positions to Thai Nakarin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thai Nakarin 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 Thai Nakarin - 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 Thai Nakarin Hospital to buy it.
Moving against Thai Stock
| 0.83 | CM | Chiangmai Frozen Foods | PairCorr |
| 0.77 | DIMET | Dimet Public | PairCorr |
| 0.69 | THG-R | THONBURI HEALTHCARE GRO | PairCorr |
| 0.65 | BH | Bumrungrad Hospital | PairCorr |
| 0.57 | RAM | Ramkhamhaeng Hospital | PairCorr |
| 0.57 | THG | Thonburi Healthcare Grp | PairCorr |
| 0.44 | FVC | Filter Vision Public | PairCorr |
| 0.38 | JTS | Jasmine Telecom Systems | PairCorr |
Related Correlations Analysis
| 0.45 | 0.64 | 0.7 | 0.09 | 0.03 | 0.81 | BH | ||
| 0.45 | 0.91 | -0.02 | 0.71 | 0.38 | 0.33 | RAM | ||
| 0.64 | 0.91 | 0.25 | 0.6 | 0.39 | 0.45 | THG | ||
| 0.7 | -0.02 | 0.25 | -0.03 | 0.07 | 0.48 | BCH | ||
| 0.09 | 0.71 | 0.6 | -0.03 | 0.62 | -0.19 | VIBHA | ||
| 0.03 | 0.38 | 0.39 | 0.07 | 0.62 | -0.22 | SKR | ||
| 0.81 | 0.33 | 0.45 | 0.48 | -0.19 | -0.22 | THG-R | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Thai Stock performing well and Thai Nakarin 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 Thai Nakarin'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BH | 1.23 | (0.45) | 0.00 | (1.36) | 0.00 | 1.96 | 11.81 | |||
| RAM | 1.07 | (0.26) | 0.00 | 3.91 | 0.00 | 1.75 | 10.00 | |||
| THG | 2.94 | (0.76) | 0.00 | (2.32) | 0.00 | 7.83 | 23.25 | |||
| BCH | 1.29 | 0.06 | (0.05) | (0.25) | 1.38 | 2.48 | 11.46 | |||
| VIBHA | 1.12 | (0.14) | 0.00 | (0.18) | 0.00 | 2.06 | 7.33 | |||
| SKR | 0.48 | (0.04) | 0.00 | (0.22) | 0.00 | 1.08 | 4.31 | |||
| THG-R | 2.66 | (0.79) | 0.00 | 2.39 | 0.00 | 4.85 | 78.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thai Nakarin 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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Thai Nakarin Corporate Management
Elected by the shareholders, the Thai Nakarin's board of directors comprises two types of representatives: Thai Nakarin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thai. The board's role is to monitor Thai Nakarin's management team and ensure that shareholders' interests are well served. Thai Nakarin'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, Thai Nakarin's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pitipat Sihanatkathakul | Marketing Policy | Profile | |
| Jatuporn Sihanatkathakul | Chairman Board | Profile | |
| Prapat Suthawate | Company Director | Profile | |
| Kusuma Vannapruk | Deputy Accounting | Profile | |
| Arkom MD | Director Director | Profile | |
| Charoen MD | Chairman Officer | Profile | |
| Issaret Khuandamrongtham | Deputy Accounting | Profile |