Asia Metal Correlations
| AMC Stock | THB 2.76 0.12 4.17% |
The current 90-days correlation between Asia Metal Public and 2S Metal Public is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asia Metal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asia Metal Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Asia Metal Correlation With Market
Average diversification
The correlation between Asia Metal Public and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asia Metal Public and DJI in the same portfolio, assuming nothing else is changed.
Asia |
The ability to find closely correlated positions to Asia Metal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asia Metal 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 Asia Metal - 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 Asia Metal Public to buy it.
Moving together with Asia Stock
| 0.96 | INSURE | Indara Insurance Public | PairCorr |
| 0.96 | M-CHAI | Mahachai Hospital Public | PairCorr |
| 0.95 | METCO | Muramoto Electron Public | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Asia Stock performing well and Asia Metal 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 Asia Metal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 2S | 0.80 | (0.07) | 0.00 | (0.40) | 0.00 | 2.00 | 7.58 | |||
| AH | 1.72 | (0.12) | 0.00 | (0.95) | 0.00 | 3.92 | 13.10 | |||
| CSP | 2.79 | 0.14 | (0.01) | (0.10) | 3.19 | 5.00 | 44.47 | |||
| BSBM | 1.11 | 0.00 | (0.03) | 0.10 | 1.32 | 2.82 | 15.69 | |||
| AJ | 1.04 | (0.20) | 0.00 | 2.49 | 0.00 | 2.00 | 8.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Asia Metal 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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Asia Metal Corporate Management
Elected by the shareholders, the Asia Metal's board of directors comprises two types of representatives: Asia Metal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Asia. The board's role is to monitor Asia Metal's management team and ensure that shareholders' interests are well served. Asia Metal'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, Asia Metal's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Suntorn Comphiphot | Director COO | Profile | |
| Virachai Suteerachai | Chairman Pres | Profile | |
| Sasithorn Limpiyachart | Co Sec | Profile | |
| Khaninwat Wichetnalinwong | Account Mang | Profile | |
| Chananya Yongvongphaiboon | Director CFO | Profile |