IRPC Public Correlations

TPIG Stock

EUR 0.03 0 3.57%

The correlation of IRPC Public is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

IRPC Public Correlation With Market

Good diversification

The correlation between IRPC Public and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IRPC Public and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IRPC 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 IRPC 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 IRPC 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 IRPC Public to buy it.

Moving together with IRPC Stock

0.63	RLI	Reliance Industries	Pair Corr
0.68	NEF	Neste Oyj	Pair Corr
0.72	NEFA	NESTE OYJ UNSPADR	Pair Corr
0.89	7F8	PTT OIL+RETBUS-FOR-B	Pair Corr
0.74	5TI	TINC Comm VA	Pair Corr
0.87	ADC	AdCapital AG	Pair Corr

Moving against IRPC Stock

0.8	TP3	THRACE PLASTICS	Pair Corr
0.61	LIE	Sun Life Financial	Pair Corr
0.57	GUG	Guangdong Investment	Pair Corr
0.35	JHJ	ENEOS Holdings	Pair Corr
0.76	RHM	Rheinmetall AG	Pair Corr
0.71	108	Sumitomo Rubber Indu	Pair Corr
0.7	XSFA	SENECA FOODS A	Pair Corr
0.7	BAKA	Bankinter SA Earnings Call This Week	Pair Corr
0.7	VTE1	ASURE SOFTWARE	Pair Corr
0.63	NTO	Nintendo	Pair Corr
0.61	CVU	United Breweries	Pair Corr
0.6	2T9A	TRAINLINE PLC LS	Pair Corr
0.6	A2X	AAC TECHNOLOGHLDGADR	Pair Corr
0.57	AF4	Hanover Insurance	Pair Corr
0.44	SIA1	Singapore Airlines	Pair Corr
0.38	DBPE	Xtrackers LevDAX	Pair Corr
0.36	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	RLI	8SP	39O1	INVN	IUI1	INL	VOW	RS6	RRU	XYTA
RLI		0.76	0.72	-0.19	-0.51	0.23	0.26	0.12	-0.09	0.23	RLI
8SP	0.76		0.59	-0.15	-0.51	-0.1	0.38	-0.12	0.09	0.23	8SP
39O1	0.72	0.59		-0.18	-0.7	0.47	0.03	0.32	-0.2	0.35	39O1
INVN	-0.19	-0.15	-0.18		0.65	-0.11	-0.48	0.49	0.47	-0.59	INVN
IUI1	-0.51	-0.51	-0.7	0.65		-0.17	-0.45	0.29	0.28	-0.58	IUI1
INL	0.23	-0.1	0.47	-0.11	-0.17		-0.47	0.7	-0.47	0.16	INL
VOW	0.26	0.38	0.03	-0.48	-0.45	-0.47		-0.76	0.03	0.34	VOW
RS6	0.12	-0.12	0.32	0.49	0.29	0.7	-0.76		-0.15	-0.19	RS6
RRU	-0.09	0.09	-0.2	0.47	0.28	-0.47	0.03	-0.15		-0.15	RRU
XYTA	0.23	0.23	0.35	-0.59	-0.58	0.16	0.34	-0.19	-0.15		XYTA
	RLI	8SP	39O1	INVN	IUI1	INL	VOW	RS6	RRU	XYTA

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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

8SP	+ 0.76	RLI
39O1	+ 0.72	RLI
RS6	+ 0.7	INL
IUI1	+ 0.65	INVN
39O1	+ 0.59	8SP
RS6	+ 0.49	INVN

High negative correlations

RS6	- 0.76	VOW
IUI1	- 0.7	39O1
XYTA	- 0.59	INVN
XYTA	- 0.58	IUI1
IUI1	- 0.51	8SP
IUI1	- 0.51	RLI

Risk-Adjusted Indicators

There is a big difference between IRPC Stock performing well and IRPC 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 IRPC 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
RLI	1.34	(0.05)	0.00	0.14	0.00	0.00	2.55	(2.44)	8.34
8SP	2.09	(0.13)	0.00	(0.17)	0.00	0.00	3.17	(4.56)	20.22
39O1	3.05	(0.55)	0.00	(0.78)	0.00	0.00	7.69	(5.47)	29.56
INVN	2.52	0.25	0.08	0.56	2.61	(3.04)	6.28	(4.76)	14.01
IUI1	1.26	0.38	0.28	(174.52)	0.89	(1.48)	3.28	(1.93)	10.73
INL	2.51	0.00	(0.01)	(0.02)	3.06	(2.68)	7.04	(5.34)	16.28
VOW	1.11	(0.02)	0.00	0.17	0.00	0.00	2.81	(2.16)	5.55
RS6	1.39	0.10	0.05	0.33	1.52	(1.54)	2.92	(2.93)	15.24
RRU	1.61	0.11	0.05	0.64	1.91	(1.78)	3.27	(2.92)	9.56
XYTA	8.71	0.82	0.02	(0.11)	11.69	(48.61)	33.33	(33.33)	150.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in IRPC 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.

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IRPC Public Corporate Management

Elected by the shareholders, the IRPC Public's board of directors comprises two types of representatives: IRPC Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of IRPC. The board's role is to monitor IRPC Public's management team and ensure that shareholders' interests are well served. IRPC 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, IRPC Public's outside directors are responsible for providing unbiased perspectives on the board's policies.

Pranarch Kosayanont	Ex Operation	Profile
Woravuth Sivapetranart	Sr Operation	Profile
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