Bangkok Bank Correlations

BKKPF Stock

USD 4.15 0.00 0.00%

The current 90-days correlation between Bangkok Bank Public and CarMax Inc is 0.01 (i.e., Significant diversification). The correlation of Bangkok Bank 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.

Bangkok Bank Correlation With Market

Good diversification

The correlation between Bangkok Bank Public and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bangkok Bank Public and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Bangkok Bank 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 Bank 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 Bank - 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 Bank Public to buy it.

Moving together with Bangkok Pink Sheet

0.65

Coca Cola Aggressive Push

Pair Corr

Moving against Bangkok Pink Sheet

0.56	FSTF	First State Financial	Pair Corr
0.43	USB-PH	US Bancorp	Pair Corr
0.66	JPM	JPMorgan Chase Fiscal Year End 10th of January 2025	Pair Corr
0.64	BAC	Bank of America Fiscal Year End 10th of January 2025	Pair Corr
0.62	TRV	The Travelers Companies Fiscal Year End 17th of January 2025	Pair Corr
0.54	AA	Alcoa Corp Fiscal Year End 15th of January 2025	Pair Corr
0.54	CVX	Chevron Corp Fiscal Year End 7th of February 2025	Pair Corr
0.5	AXP	American Express Fiscal Year End 24th of January 2025	Pair Corr
0.49	HPQ	HP Inc	Pair Corr
0.45	DIS	Walt Disney	Pair Corr
0.38	T	ATT Inc Fiscal Year End 22nd of January 2025	Pair Corr

Related Correlations Analysis

	BKRKF	MSTSX	XTWO	SVII	XTWY	SEGI	FPCG	KMX	SEIC
BKRKF		-0.41	0.49	-0.08	0.53	-0.57	0.0	-0.43	-0.75	BKRKF
MSTSX	-0.41		-0.1	0.17	-0.32	0.06	0.0	0.22	0.37	MSTSX
XTWO	0.49	-0.1		-0.55	0.9	-0.74	0.0	0.2	-0.55	XTWO
SVII	-0.08	0.17	-0.55		-0.45	0.38	0.0	-0.44	0.12	SVII
XTWY	0.53	-0.32	0.9	-0.45		-0.77	0.0	0.04	-0.71	XTWY
SEGI	-0.57	0.06	-0.74	0.38	-0.77		0.0	0.32	0.84	SEGI
FPCG	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	FPCG
KMX	-0.43	0.22	0.2	-0.44	0.04	0.32	0.0		0.61	KMX
SEIC	-0.75	0.37	-0.55	0.12	-0.71	0.84	0.0	0.61		SEIC
	BKRKF	MSTSX	XTWO	SVII	XTWY	SEGI	FPCG	KMX	SEIC

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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

XTWY	+ 0.9	XTWO
SEIC	+ 0.84	SEGI
SEIC	+ 0.61	KMX
XTWY	+ 0.53	BKRKF
XTWO	+ 0.49	BKRKF
SEGI	+ 0.38	SVII

High negative correlations

SEGI	- 0.77	XTWY
SEIC	- 0.75	BKRKF
SEGI	- 0.74	XTWO
SEIC	- 0.71	XTWY
SEGI	- 0.57	BKRKF
SEIC	- 0.55	XTWO

Risk-Adjusted Indicators

There is a big difference between Bangkok Pink Sheet performing well and Bangkok Bank 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 Bank'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
BKRKF	3.13	0.13	(0.02)	0.00	3.93	(10.34)	11.54	(9.68)	34.05
MSTSX	0.45	0.00	(0.10)	0.11	0.39	(0.58)	1.21	(0.84)	2.80
XTWO	0.08	(0.01)	0.00	1.36	0.00	0.00	0.12	(0.12)	0.53
SVII	0.18	(0.05)	(0.17)	(0.03)	0.39	(0.29)	0.44	(0.53)	4.77
XTWY	0.76	(0.13)	0.00	1.56	0.00	0.00	1.33	(1.70)	5.49
SEGI	10.37	2.55	0.14	(1.13)	10.19	(16.01)	28.57	(18.18)	62.86
FPCG	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KMX	1.39	0.04	0.04	0.15	1.52	(1.53)	4.14	(2.75)	8.69
SEIC	0.79	0.40	0.28	(2.86)	0.42	(0.96)	1.57	(1.56)	7.23

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bangkok Bank 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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