| BTG Stock | | | 18.70 0.10 0.54% |
The current 90-days correlation between Betagro PCL and Thai Life Insurance is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Betagro PCL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Betagro PCL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Betagro PCL Correlation With Market
Modest diversification
The correlation between Betagro PCL and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Betagro PCL and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Betagro PCL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Betagro PCL 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 Betagro PCL - 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 Betagro PCL to buy it.
Moving together with Betagro Stock
Moving against Betagro Stock
Related Correlations Analysis
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 | | High negative correlations |
Risk-Adjusted IndicatorsThere is a big difference between Betagro Stock performing well and Betagro PCL 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 Betagro PCL'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.
Betagro PCL Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Betagro PCL stock to make a market-neutral strategy. Peer analysis of Betagro PCL could also be used in its relative valuation, which is a method of valuing Betagro PCL by comparing valuation metrics with similar companies.