Thai Union Correlations
| TU Stock | THB 13.70 0.10 0.72% |
The current 90-days correlation between Thai Union Group and Carabao Group Public is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Thai Union moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Thai Union Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Thai Union Correlation With Market
Significant diversification
The correlation between Thai Union Group and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thai Union Group and DJI in the same portfolio, assuming nothing else is changed.
Thai |
The ability to find closely correlated positions to Thai Union 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 Union 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 Union - 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 Union Group to buy it.
Moving together with Thai Stock
| 0.85 | AMANAH | Amanah Leasing Public | PairCorr |
| 0.9 | PT | Premier Technology Public | PairCorr |
| 0.64 | MATI | Matichon Public | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Thai Stock performing well and Thai Union 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 Union'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPALL | 0.94 | 0.13 | 0.02 | (1.90) | 0.92 | 2.38 | 7.61 | |||
| CBG | 1.23 | 0.26 | 0.07 | (0.99) | 1.57 | 2.96 | 12.65 | |||
| TU | 0.73 | (0.13) | 0.00 | (1.00) | 0.00 | 2.00 | 5.98 | |||
| MINT | 1.06 | 0.05 | (0.02) | 0.27 | 1.04 | 1.98 | 9.06 | |||
| CPN | 1.16 | 0.12 | 0.01 | (3.78) | 1.29 | 2.14 | 12.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thai Union 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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