XSpring Capital Correlations
| XPG Stock | THB 0.90 0.01 1.12% |
The current 90-days correlation between XSpring Capital Public and Sri Trang Gloves is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as XSpring Capital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if XSpring Capital Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
XSpring Capital Correlation With Market
Good diversification
The correlation between XSpring Capital Public and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding XSpring Capital Public and DJI in the same portfolio, assuming nothing else is changed.
XSpring |
The ability to find closely correlated positions to XSpring Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace XSpring Capital 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 XSpring Capital - 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 XSpring Capital Public to buy it.
Moving together with XSpring Stock
| 0.77 | KGI | KGI Securities Public | PairCorr |
| 0.68 | ASP | Asia Plus Group | PairCorr |
| 0.71 | BAY | Bank of Ayudhya | PairCorr |
| 0.62 | TEAM | Team Precision Public | PairCorr |
| 0.61 | SIRI | Siri Prime Office | PairCorr |
| 0.67 | KBANK-R | Kasikornbank Public | PairCorr |
Moving against XSpring Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between XSpring Stock performing well and XSpring Capital 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 XSpring Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TTB | 0.87 | 0.05 | (0.04) | 1.78 | 1.02 | 1.70 | 7.59 | |||
| TIDLOR | 2.10 | 0.25 | 0.03 | (0.52) | 2.11 | 6.78 | 14.96 | |||
| JMART | 2.26 | 0.11 | 0.00 | (3.85) | 2.56 | 4.58 | 19.28 | |||
| STGT | 2.34 | (0.14) | 0.00 | (0.49) | 0.00 | 4.92 | 28.83 | |||
| TKN | 1.71 | (0.11) | 0.00 | 0.40 | 0.00 | 4.89 | 15.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in XSpring Capital 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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XSpring Capital Corporate Management
Elected by the shareholders, the XSpring Capital's board of directors comprises two types of representatives: XSpring Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of XSpring. The board's role is to monitor XSpring Capital's management team and ensure that shareholders' interests are well served. XSpring Capital'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, XSpring Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chalit Chulajaruwong | Ex Unit | Profile | |
| Teerath Pratumsuwan | Ex Group | Profile | |
| Varangkana Artkarasatapon | Pres Director | Profile | |
| M Thongyai | Deputy Officer | Profile | |
| Varisara Ummaritchoti | Exec Strategy | Profile | |
| Pornpilas Harnchanpanich | Sec Sec | Profile | |
| Watchararrus Tungsomboon | Chief Officer | Profile |