Jakpaisan Estate Correlations
| JAK Stock | THB 1.20 0.07 5.51% |
The current 90-days correlation between Jakpaisan Estate Public and Dhouse Pattana Public is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jakpaisan Estate moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jakpaisan Estate Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Jakpaisan Estate Correlation With Market
Significant diversification
The correlation between Jakpaisan Estate Public and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jakpaisan Estate Public and DJI in the same portfolio, assuming nothing else is changed.
Jakpaisan |
The ability to find closely correlated positions to Jakpaisan Estate could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jakpaisan Estate 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 Jakpaisan Estate - 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 Jakpaisan Estate Public to buy it.
Moving against Jakpaisan Stock
| 0.46 | UV | Univentures Public | PairCorr |
| 0.4 | SPALI | Supalai Public | PairCorr |
| 0.34 | NUSA | Nusasiri Public | PairCorr |
| 0.31 | PTT-R | PTT Public | PairCorr |
| 0.31 | PTT | PTT Public | PairCorr |
| 0.31 | SCC | Siam Cement | PairCorr |
Related Correlations Analysis
| 0.16 | -0.09 | -0.41 | -0.4 | DHOUSE | ||
| 0.16 | 0.16 | -0.25 | -0.32 | JCKH | ||
| -0.09 | 0.16 | 0.38 | 0.35 | IND | ||
| -0.41 | -0.25 | 0.38 | 0.9 | HPT | ||
| -0.4 | -0.32 | 0.35 | 0.9 | KUN | ||
| 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 Jakpaisan Stock performing well and Jakpaisan Estate 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 Jakpaisan Estate'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DHOUSE | 1.45 | 0.12 | 0.03 | 1.01 | 1.70 | 3.51 | 15.34 | |||
| JCKH | 14.26 | 3.18 | 0.08 | 1.25 | 13.42 | 50.00 | 133.33 | |||
| IND | 1.52 | 0.07 | 0.02 | 0.75 | 1.46 | 3.80 | 11.81 | |||
| HPT | 1.60 | (0.12) | 0.00 | (0.35) | 0.00 | 4.26 | 8.89 | |||
| KUN | 0.55 | (0.29) | 0.00 | (1.63) | 0.00 | 0.78 | 5.52 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jakpaisan Estate 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 My Watchlist Analysis Now
My Watchlist AnalysisAnalyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
| All Next | Launch Module |
Jakpaisan Estate Corporate Management
Elected by the shareholders, the Jakpaisan Estate's board of directors comprises two types of representatives: Jakpaisan Estate inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jakpaisan. The board's role is to monitor Jakpaisan Estate's management team and ensure that shareholders' interests are well served. Jakpaisan Estate'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, Jakpaisan Estate's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Natapong Jakpaisan | Acting Design | Profile | |
| Mathurin Dokchumpa | Accounting Mang | Profile | |
| Weeraphan Jakpaisan | Acting CEO | Profile | |
| Metha Angwatanapanich | Ex Director | Profile | |
| Panuchai Srinualnadas | Acting Director | Profile | |
| Sunisa Jakpaisan | Deputy Sec | Profile | |
| Thanaprus Chumpolkulwongse | Ex Director | Profile |