Pruksa Holding Correlations

Stocks Germany . 
Stock . Pruksa Holding Public
2PR3 Stock  EUR 0.21  0.01  4.55%   
The current 90-days correlation between Pruksa Holding Public and GANGLONG CHINA PRGRLTD is 0.06 (i.e., Significant diversification). The correlation of Pruksa Holding 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.

Pruksa Holding Correlation With Market

Good diversification

The correlation between Pruksa Holding Public and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pruksa Holding Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Pruksa Holding could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pruksa Holding 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 Pruksa Holding - 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 Pruksa Holding Public to buy it.

Moving together with Pruksa Stock

  0.63DWNP DEUTSCHE WOHNEN ADRS12PairCorr
  0.713YZ CTP NV EOPairCorr
  0.64AHD ASHFORD HOSPITTRUST SplitPairCorr
  0.63GHDN Brainstorm Cell Ther SplitPairCorr
  0.62QB3 QuebecorPairCorr

Moving against Pruksa Stock

  0.627RY Ryerson HoldingPairCorr
  0.59NSE Nomura HoldingsPairCorr
  0.447PI Poste Italiane SpAPairCorr
  0.68BKJ Brinker InternationalPairCorr
  0.67NU42 Ribbon CommunicationsPairCorr
  0.67EMR EMERSON ELECTRICPairCorr
  0.66GM0N GLOBUS MEDICAL APairCorr
  0.66HU3 Huntington BancsharesPairCorr
  0.55TL0 Tesla IncPairCorr
  0.49TC7 TIANDE CHEMICALPairCorr
  0.48GTX GentexPairCorr
  0.44GMS1 ImagineARPairCorr
  0.413O8 OmerosPairCorr
  0.41DGS Envela CorpPairCorr
  0.37APC Apple IncPairCorr
  0.34NOAA NokiaPairCorr
  0.33WN3 WOOLWORTHS HLDGSPairCorr
  0.712KD Kinder MorganPairCorr
  0.68J7Z Jazz Pharmaceuticals plcPairCorr
  0.6789W GRUPO ECOENER EOPairCorr
  0.6BLQA BlackRockPairCorr

Related Correlations Analysis

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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   
6FLA
+ 0.95
CHZ
A1A
+ 0.77
3YZ
52J
+ 0.76
6FLA
52J
+ 0.74
CHZ
3YZ
+ 0.63
DWNP
52J
+ 0.6
A1A
  
High negative correlations   
DWNP
- 0.01
CHZ

Risk-Adjusted Indicators

There is a big difference between Pruksa Stock performing well and Pruksa Holding 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 Pruksa Holding'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pruksa Holding 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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Pruksa Holding Corporate Management

Elected by the shareholders, the Pruksa Holding's board of directors comprises two types of representatives: Pruksa Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pruksa. The board's role is to monitor Pruksa Holding's management team and ensure that shareholders' interests are well served. Pruksa Holding'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, Pruksa Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
Thongma VijitpongpunEx CEOProfile
Surawee ChaithumrongkoolGroup OfficerProfile
Udomsak YamnoonActing OfficerProfile
Jintana InseeVP ManagementProfile
Uten LohachitpitaksGroup DirectorProfile
Angkana LikhitchanyakulGroup OfficerProfile
Premsak VallikulActing AuditProfile
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