Prinsiri Public Correlations
| PRIN Stock | THB 1.74 0.01 0.57% |
The current 90-days correlation between Prinsiri Public and LPN Development Public is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prinsiri Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prinsiri Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Prinsiri Public Correlation With Market
Good diversification
The correlation between Prinsiri Public 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 Prinsiri Public and DJI in the same portfolio, assuming nothing else is changed.
Prinsiri |
The ability to find closely correlated positions to Prinsiri Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prinsiri Public 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 Prinsiri Public - 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 Prinsiri Public to buy it.
Moving together with Prinsiri Stock
| 0.72 | PTT | PTT Public | PairCorr |
| 0.72 | PTT-R | PTT Public | PairCorr |
| 0.72 | CPALL-R | CP ALL Public | PairCorr |
| 0.72 | CPALL | CP ALL Public | PairCorr |
| 0.77 | PTTEP | PTT Exploration | PairCorr |
Moving against Prinsiri Stock
| 0.73 | TIPCO | Tipco Foods Public | PairCorr |
| 0.66 | COM7 | Com7 PCL | PairCorr |
| 0.65 | DELTA | Delta Electronics Public | PairCorr |
| 0.61 | ADVANC | Advanced Info Service | PairCorr |
| 0.52 | SAM | Samchai Steel Industries | PairCorr |
| 0.48 | RCL-R | Regional Container Lines | PairCorr |
| 0.46 | TRU | Thai Rung Union | PairCorr |
| 0.42 | TLI | Thai Life Insurance | PairCorr |
| 0.39 | ASN | ASN Broker Public | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Prinsiri Stock performing well and Prinsiri Public 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 Prinsiri Public'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SIRI | 1.18 | (0.12) | 0.00 | (0.40) | 0.00 | 3.39 | 7.74 | |||
| LALIN | 0.66 | (0.13) | 0.00 | 1.71 | 0.00 | 1.53 | 5.25 | |||
| SC | 1.02 | (0.11) | 0.00 | (0.54) | 0.00 | 2.11 | 10.47 | |||
| LPN | 0.77 | (0.32) | 0.00 | (1.51) | 0.00 | 1.20 | 7.95 | |||
| NCH | 0.84 | (0.10) | 0.00 | 21.91 | 0.00 | 1.37 | 12.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Prinsiri Public 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 Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |