Sahamitr Pressure Correlations
| SMPC Stock | THB 9.20 0.05 0.54% |
The current 90-days correlation between Sahamitr Pressure and Thantawan Industry Public is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sahamitr Pressure moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sahamitr Pressure Container moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sahamitr Pressure Correlation With Market
Significant diversification
The correlation between Sahamitr Pressure Container and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sahamitr Pressure Container and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Sahamitr Pressure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sahamitr Pressure 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 Sahamitr Pressure - 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 Sahamitr Pressure Container to buy it.
Moving together with Sahamitr Stock
Moving against Sahamitr 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
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Risk-Adjusted Indicators
There is a big difference between Sahamitr Stock performing well and Sahamitr Pressure 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 Sahamitr Pressure'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| THIP | 0.47 | 0.01 | (0.07) | (0.74) | 0.57 | 0.88 | 4.36 | |||
| ERW | 1.32 | (0.04) | 0.00 | 0.64 | 0.00 | 3.54 | 14.40 | |||
| JMART-R | 0.71 | (0.23) | 0.00 | (1.47) | 0.00 | 0.00 | 17.85 | |||
| AOT | 0.68 | (0.05) | 0.00 | (0.19) | 0.00 | 1.63 | 4.74 | |||
| ETE | 1.48 | (0.28) | 0.00 | 1.24 | 0.00 | 3.74 | 9.12 | |||
| GUNKUL | 1.64 | (0.35) | 0.00 | (0.55) | 0.00 | 2.80 | 11.36 | |||
| DCON | 1.75 | (0.11) | 0.00 | 0.38 | 0.00 | 3.33 | 24.81 | |||
| LHHOTEL | 0.97 | 0.14 | 0.05 | 0.73 | 0.89 | 2.35 | 6.89 | |||
| TU | 0.83 | (0.28) | 0.00 | (1.72) | 0.00 | 2.00 | 5.98 | |||
| PM | 1.02 | 0.10 | 0.02 | 0.53 | 0.85 | 1.78 | 14.25 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sahamitr Pressure 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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Sahamitr Pressure Corporate Management
Elected by the shareholders, the Sahamitr Pressure's board of directors comprises two types of representatives: Sahamitr Pressure inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sahamitr. The board's role is to monitor Sahamitr Pressure's management team and ensure that shareholders' interests are well served. Sahamitr Pressure'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, Sahamitr Pressure's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jirasak Sakolnakorn | Assistant Factory | Profile | |
| Yuan Riyatanon | Assistant Factory | Profile | |
| Taidee Visavaveja | VP Director | Profile | |
| Jerawut Laowong | Assistant Factory | Profile | |
| Surasak Urpsirisuk | MD Chairman | Profile | |
| Thamik Ekahitanond | Director | Profile | |
| Patama Laowong | VP Chairman | Profile |