Bangkok Aviation Correlations
| BAFS Stock | THB 12.50 0.30 2.34% |
The current 90-days correlation between Bangkok Aviation Fuel and Bangchak Public is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bangkok Aviation moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bangkok Aviation Fuel moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bangkok Aviation Correlation With Market
Modest diversification
The correlation between Bangkok Aviation Fuel and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bangkok Aviation Fuel and DJI in the same portfolio, assuming nothing else is changed.
Bangkok |
The ability to find closely correlated positions to Bangkok Aviation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bangkok Aviation 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 Bangkok Aviation - 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 Bangkok Aviation Fuel to buy it.
Moving together with Bangkok Stock
Moving against Bangkok Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Bangkok Stock performing well and Bangkok Aviation 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 Bangkok Aviation'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BCP | 1.76 | (0.43) | 0.00 | (0.67) | 0.00 | 4.27 | 11.12 | |||
| AOT | 0.67 | (0.05) | 0.00 | (0.16) | 0.00 | 1.63 | 4.74 | |||
| AP | 1.26 | (0.11) | 0.00 | (0.21) | 0.00 | 3.00 | 10.37 | |||
| CPN | 1.05 | (0.26) | 0.00 | (0.37) | 0.00 | 1.52 | 8.96 | |||
| EGCO | 1.04 | 0.18 | 0.05 | (1.20) | 1.02 | 2.43 | 7.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bangkok Aviation 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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Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Bangkok Aviation Corporate Management
Elected by the shareholders, the Bangkok Aviation's board of directors comprises two types of representatives: Bangkok Aviation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bangkok. The board's role is to monitor Bangkok Aviation's management team and ensure that shareholders' interests are well served. Bangkok Aviation'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, Bangkok Aviation's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Parndao Sukhyanga | Chief Sec | Profile | |
| Pitsapong Chantranont | Ma Relations | Profile | |
| Jirapat Charoenbhantaraks | Director Admin | Profile | |
| Natthasit Disakul | Pres Director | Profile | |
| Jaksanit Kritsaadjai | CFO Fin | Profile | |
| Rawinda Punnahitanon | Director Fin | Profile |