Diamond Building Correlations
| DRT Stock | THB 7.60 0.10 1.30% |
The current 90-days correlation between Diamond Building Products and Haad Thip Public is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Diamond Building moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Diamond Building Products moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Diamond Building Correlation With Market
Very good diversification
The correlation between Diamond Building Products and DJI is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Diamond Building Products and DJI in the same portfolio, assuming nothing else is changed.
Diamond |
The ability to find closely correlated positions to Diamond Building could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Diamond Building 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 Diamond Building - 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 Diamond Building Products to buy it.
Moving together with Diamond Stock
Moving against Diamond Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Diamond Stock performing well and Diamond Building 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 Diamond Building'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HTC | 1.13 | 0.10 | 0.00 | 14.53 | 1.26 | 2.42 | 8.47 | |||
| LALIN | 0.62 | 0.03 | (0.06) | (0.27) | 0.80 | 1.64 | 5.38 | |||
| DCC | 1.07 | (0.10) | 0.00 | (0.55) | 0.00 | 2.22 | 5.79 | |||
| AP | 1.31 | 0.08 | (0.03) | (0.34) | 1.37 | 3.00 | 10.37 | |||
| MCS | 0.74 | (0.03) | 0.00 | 1.78 | 0.00 | 1.39 | 6.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Diamond Building 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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Diamond Building Corporate Management
Elected by the shareholders, the Diamond Building's board of directors comprises two types of representatives: Diamond Building inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Diamond. The board's role is to monitor Diamond Building's management team and ensure that shareholders' interests are well served. Diamond Building'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, Diamond Building's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nipaphat Nimniam | Chief Mang | Profile | |
| Krit Kullertprasert | Accounting and Finance Division Manager | Profile | |
| Songkran Suwanmak | Sr Director | Profile | |
| Kamchub Vatanatham | Sr Director | Profile | |
| Seree Saengmark | Sr Director | Profile |