Practical Solution Correlations
| TPS Stock | THB 3.42 0.02 0.59% |
The current 90-days correlation between The Practical Solution and ALT Telecom Public is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Practical Solution moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Practical Solution moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Practical Solution Correlation With Market
Excellent diversification
The correlation between The Practical Solution and DJI is -0.7 (i.e., Excellent diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Practical Solution and DJI in the same portfolio, assuming nothing else is changed.
Practical |
The ability to find closely correlated positions to Practical Solution could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Practical Solution 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 Practical Solution - 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 The Practical Solution to buy it.
Moving together with Practical Stock
| 0.65 | PLANET | Planet Communications | PairCorr |
| 0.75 | DELTA | Delta Electronics Public Earnings Call This Week | PairCorr |
| 0.65 | EMC | EMC Public | PairCorr |
Moving against Practical Stock
| 0.86 | JTS | Jasmine Telecom Systems | PairCorr |
| 0.8 | APP | Applicad Public | PairCorr |
| 0.79 | HFT | Hwa Fong Rubber | PairCorr |
| 0.74 | LHHOTEL | LH Hotel Leasehold | PairCorr |
| 0.69 | ALT | ALT Telecom Public | PairCorr |
| 0.65 | TMW | Thai Mitsuwa Public | PairCorr |
| 0.61 | TWPC | Thai Wah Public Earnings Call This Week | PairCorr |
| 0.59 | GVREIT | Golden Ventures Leasehold | PairCorr |
| 0.58 | LPH | Ladprao General Hospital | PairCorr |
| 0.48 | ALLY | Ally Leasehold Real | PairCorr |
| 0.47 | OSP | Osotspa Public | PairCorr |
| 0.47 | THANA | Thanasiri Group Public | PairCorr |
| 0.46 | TISCO | TISCO Financial Group | PairCorr |
| 0.41 | KKP | Kiatnakin Phatra Bank | PairCorr |
| 0.39 | AH | AAPICO Hitech Public | PairCorr |
| 0.38 | SPA | Siam Wellness Group | PairCorr |
| 0.91 | AOT | Airports Of Thailand Earnings Call This Week | PairCorr |
| 0.91 | SAMTEL | Samart Telcoms Public | PairCorr |
| 0.86 | SCB | SCB X Public | PairCorr |
| 0.86 | STGT | Sri Trang Gloves | PairCorr |
| 0.77 | AP | AP Public | PairCorr |
| 0.76 | AIMIRT | AIM Industrial Growth | PairCorr |
| 0.72 | TNDT | Thai Nondestructive | PairCorr |
| 0.71 | THG | Thonburi Healthcare Grp | PairCorr |
| 0.68 | NER | North East Rubbers | PairCorr |
| 0.68 | CRANE | Chukai 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 Practical Stock performing well and Practical Solution 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 Practical Solution'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TEAM | 1.10 | 0.05 | (0.02) | 0.68 | 1.21 | 3.33 | 7.87 | |||
| ALT | 1.61 | 0.18 | 0.04 | (9.22) | 1.45 | 4.67 | 14.49 | |||
| AS | 2.51 | 0.05 | 0.00 | 0.19 | 3.63 | 5.19 | 23.94 | |||
| SECURE | 1.21 | (0.01) | 0.00 | 0.15 | 0.00 | 2.40 | 11.40 | |||
| AMARC | 1.96 | (0.10) | 0.00 | 0.50 | 0.00 | 4.00 | 18.22 | |||
| DTCENT | 1.11 | (0.11) | 0.00 | 0.40 | 0.00 | 2.08 | 6.43 | |||
| BE8 | 1.71 | (0.05) | 0.00 | (0.11) | 0.00 | 5.49 | 14.43 | |||
| CPW | 1.15 | (0.10) | 0.00 | (0.11) | 0.00 | 3.00 | 8.94 | |||
| IT | 0.73 | 0.00 | (0.06) | 0.12 | 0.83 | 1.76 | 5.65 | |||
| INSET | 1.68 | 0.42 | 0.20 | (9.12) | 1.11 | 4.62 | 14.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Practical Solution 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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Practical Solution Corporate Management
Elected by the shareholders, the Practical Solution's board of directors comprises two types of representatives: Practical Solution inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Practical. The board's role is to monitor Practical Solution's management team and ensure that shareholders' interests are well served. Practical Solution'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, Practical Solution's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nuntharat Thammanuchsorn | VP Sales | Profile | |
| Jarunya Kitkasetsathaporn | Sr Director | Profile | |
| Daonapa Sukduang | Acting Fin | Profile | |
| Aumaporn Sengsui | Exec Director | Profile | |
| Nuttawut Jantarasittiphol | VP Operations | Profile | |
| Bunsom Kitkasetsathaporn | Ex CEO | Profile | |
| Matee Witawasiri | Exec Director | Profile |