Charoen Pokphand Correlations
| CPF Stock | THB 23.90 0.20 0.84% |
The current 90-days correlation between Charoen Pokphand Foods and Kasikornbank Public is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Charoen Pokphand moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Charoen Pokphand Foods moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Charoen Pokphand Correlation With Market
Good diversification
The correlation between Charoen Pokphand Foods and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Charoen Pokphand Foods and DJI in the same portfolio, assuming nothing else is changed.
Charoen |
The ability to find closely correlated positions to Charoen Pokphand could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Charoen Pokphand 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 Charoen Pokphand - 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 Charoen Pokphand Foods to buy it.
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Indicators
There is a big difference between Charoen Stock performing well and Charoen Pokphand 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 Charoen Pokphand'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AOT | 0.80 | 0.02 | (0.12) | (0.07) | 0.86 | 2.07 | 5.57 | |||
| PTT | 0.80 | (0.05) | 0.00 | 2.97 | 0.00 | 2.27 | 5.19 | |||
| BDMS | 1.09 | (0.08) | 0.00 | 0.30 | 0.00 | 1.78 | 6.76 | |||
| KBANK | 0.81 | 0.06 | (0.04) | 0.55 | 0.97 | 1.97 | 7.02 | |||
| CPF | 0.95 | (0.03) | 0.00 | 0.33 | 0.00 | 2.04 | 6.07 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Charoen Pokphand 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?
Run Portfolio Diagnostics Now
Portfolio DiagnosticsUse generated alerts and portfolio events aggregator to diagnose current holdings |
| All Next | Launch Module |
Charoen Pokphand Corporate Management
Elected by the shareholders, the Charoen Pokphand's board of directors comprises two types of representatives: Charoen Pokphand inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Charoen. The board's role is to monitor Charoen Pokphand's management team and ensure that shareholders' interests are well served. Charoen Pokphand'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, Charoen Pokphand's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Siripong Aroonratana | COO Director | Profile | |
| Sunpeera Ninkham | Head Compliance | Profile | |
| Rewat Hathaisattayapong | Ex Bus | Profile | |
| Sujint DVM | COO Director | Profile |