Banpu PCL Correlations
| NVAC Stock | EUR 0.15 0.01 7.14% |
The current 90-days correlation between Banpu PCL and Yancoal Australia is 0.02 (i.e., Significant diversification). The correlation of Banpu PCL 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.
Banpu PCL Correlation With Market
Good diversification
The correlation between Banpu PCL and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banpu PCL and DJI in the same portfolio, assuming nothing else is changed.
Banpu |
The ability to find closely correlated positions to Banpu 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 Banpu 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 Banpu 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 Banpu PCL to buy it.
Moving together with Banpu Stock
Moving against Banpu Stock
| 0.85 | ESLC | ESSILORLUXOTTICA 12ON | PairCorr |
| 0.82 | GLE | Gladstone Commercial | PairCorr |
| 0.81 | C9X | CONSOL Energy | PairCorr |
| 0.8 | EN3 | Enbridge | PairCorr |
| 0.67 | HMU | HMS Bergbau AG | PairCorr |
| 0.35 | YA1 | Yancoal Australia | PairCorr |
| 0.85 | ADH2 | Air Canada | PairCorr |
| 0.83 | KEY | KeyCorp | PairCorr |
| 0.83 | QAN | Qantas Airways | PairCorr |
| 0.8 | ZIM | Zimmer Biomet Holdings | PairCorr |
| 0.77 | BRYN | Berkshire Hathaway | PairCorr |
| 0.73 | GKD | Grand Canyon Education | PairCorr |
| 0.69 | 6GAA | Grupo Aval Acciones | PairCorr |
| 0.65 | SK3 | Smurfit Kappa Group | PairCorr |
| 0.62 | SIX2 | Sixt SE | PairCorr |
| 0.59 | HDFA | HDFC Bank Limited | PairCorr |
| 0.55 | VAI | Vail Resorts | PairCorr |
| 0.39 | NOA3 | Nokia | PairCorr |
| 0.87 | BBEA | Boston Beer | PairCorr |
| 0.87 | HI91 | Hilton Worldwide Holdings | PairCorr |
| 0.83 | AF4 | HANOVER INSURANCE | PairCorr |
| 0.82 | OM6 | OReilly Automotive | PairCorr |
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 Banpu Stock performing well and Banpu 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 Banpu 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IKFC | 1.59 | 0.16 | 0.06 | 0.50 | 1.92 | 3.82 | 12.47 | |||
| CVV | 2.40 | 0.25 | 0.06 | (0.48) | 2.80 | 5.26 | 17.17 | |||
| YA1 | 1.80 | 0.19 | 0.07 | 0.70 | 2.16 | 4.01 | 12.07 | |||
| NVAC | 2.60 | (0.14) | 0.00 | 0.21 | 0.00 | 7.14 | 30.98 | |||
| C9X | 1.76 | 0.25 | 0.15 | 0.16 | 1.61 | 4.86 | 16.11 | |||
| HMU | 0.75 | 0.15 | 0.09 | 1.78 | 0.60 | 2.11 | 7.41 | |||
| G1V | 320.50 | 159.74 | 0.00 | 1.78 | 0.00 | 0.00 | 10,798 | |||
| IO0 | 1.34 | (0.57) | 0.00 | (3.18) | 0.00 | 0.00 | 20.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Banpu PCL 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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Banpu PCL Corporate Management
Elected by the shareholders, the Banpu PCL's board of directors comprises two types of representatives: Banpu PCL inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Banpu. The board's role is to monitor Banpu PCL's management team and ensure that shareholders' interests are well served. Banpu PCL'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, Banpu PCL's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Arisara Sakulkarawek | Chief Officer | Profile | |
| Varoj Limjaroon | Group VP | Profile | |
| Virach Vudhidhanaseth | Head Sec | Profile | |
| Metee Auapinyakul | Advisor Director | Profile | |
| Wittapon Jawjit | Head HR | Profile | |
| Anon Sirisaengtaksin | Director Advisor | Profile | |
| Cameron CA | CFO Sec | Profile |