Union Petrochemical Correlations
| UKEM Stock | THB 0.60 0.01 1.69% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Union Petrochemical moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Union Petrochemical Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Union Petrochemical Correlation With Market
Average diversification
The correlation between Union Petrochemical Public and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Union Petrochemical Public and DJI in the same portfolio, assuming nothing else is changed.
Union |
The ability to find closely correlated positions to Union Petrochemical could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Union Petrochemical 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 Union Petrochemical - 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 Union Petrochemical Public to buy it.
Moving together with Union Stock
| 0.71 | PTTGC | PTT Global Chemical | PairCorr |
| 0.64 | IVL | Indorama Ventures PCL | PairCorr |
| 0.8 | GGC | Global Green Chemicals | PairCorr |
| 0.71 | SCC | Siam Cement | PairCorr |
| 0.73 | PTT-R | PTT Public | PairCorr |
| 0.62 | PTT | PTT Public | PairCorr |
Related Correlations Analysis
| 0.08 | 0.36 | 0.49 | 0.48 | VIBHA | ||
| 0.08 | 0.29 | 0.28 | 0.36 | TWZ | ||
| 0.36 | 0.29 | 0.78 | 0.84 | WHA | ||
| 0.49 | 0.28 | 0.78 | 0.82 | TSTH | ||
| 0.48 | 0.36 | 0.84 | 0.82 | TPIPL | ||
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Risk-Adjusted Indicators
There is a big difference between Union Stock performing well and Union Petrochemical 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 Union Petrochemical'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VIBHA | 1.06 | 0.08 | (0.01) | (0.58) | 1.23 | 2.05 | 10.17 | |||
| TWZ | 9.75 | 0.99 | 0.03 | (0.44) | 11.14 | 33.33 | 58.33 | |||
| WHA | 1.51 | (0.26) | 0.00 | 4.23 | 0.00 | 2.83 | 9.94 | |||
| TSTH | 1.86 | (0.27) | 0.00 | (0.65) | 0.00 | 2.00 | 16.32 | |||
| TPIPL | 0.92 | (0.22) | 0.00 | (1.23) | 0.00 | 1.77 | 4.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Union Petrochemical 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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Union Petrochemical Corporate Management
Elected by the shareholders, the Union Petrochemical's board of directors comprises two types of representatives: Union Petrochemical inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Union. The board's role is to monitor Union Petrochemical's management team and ensure that shareholders' interests are well served. Union Petrochemical'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, Union Petrochemical's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Suthida Suwannapasri | Member Sales | Profile | |
| Somjed Saifon | Member Director | Profile | |
| Kanjana Suwannapasri | Deputy Board | Profile | |
| Busara Harnongar | Company Sec | Profile | |
| Perajade Suwannaphasri | Ex VP | Profile | |
| Piyada Suwannapasri | Member Admin | Profile |