Bangchak Public Correlations
| BCP Stock | THB 30.75 1.25 4.24% |
The current 90-days correlation between Bangchak Public and IRPC Public is 0.44 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bangchak Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bangchak Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bangchak Public Correlation With Market
Good diversification
The correlation between Bangchak 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 Bangchak Public and DJI in the same portfolio, assuming nothing else is changed.
Bangchak |
The ability to find closely correlated positions to Bangchak Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bangchak Public 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 Bangchak Public - 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 Bangchak Public to buy it.
Moving together with Bangchak Stock
| 0.63 | PTT | PTT Public | PairCorr |
| 0.63 | PTT-R | PTT Public | PairCorr |
| 0.82 | PTTEP | PTT Exploration | PairCorr |
| 0.94 | SCC | Siam Cement | PairCorr |
Moving against Bangchak Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Bangchak Stock performing well and Bangchak Public 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 Bangchak Public'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TOP | 1.33 | (0.47) | 0.00 | 3.24 | 0.00 | 2.46 | 12.78 | |||
| PTT | 0.80 | (0.05) | 0.00 | 2.97 | 0.00 | 2.27 | 5.19 | |||
| PTTGC | 1.81 | 0.01 | (0.05) | (0.10) | 1.97 | 5.50 | 22.41 | |||
| IRPC | 1.46 | (0.14) | 0.00 | (1.11) | 0.00 | 4.05 | 19.84 | |||
| PTTEP | 1.10 | (0.15) | 0.00 | 0.79 | 0.00 | 2.55 | 6.55 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bangchak Public 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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Bangchak Public Corporate Management
Elected by the shareholders, the Bangchak Public's board of directors comprises two types of representatives: Bangchak Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bangchak. The board's role is to monitor Bangchak Public's management team and ensure that shareholders' interests are well served. Bangchak Public'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, Bangchak Public's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Somchai Tejavanija | Sr. Executive VP of Corporate Strategy and Bus. Devel. and Member of Executive Committee | Profile | |
| Pakawadee Junrayapes | Exec Compliance | Profile | |
| Pichit Wongrujiravanich | Ex Audit | Profile | |
| Gloyta Nathalang | Communication Branding | Profile | |
| Chalermchai Udomranu | Sr Group | Profile | |
| BEng MEng | Pres CEO | Profile |