Thaicom Public Correlations

THCOM-R Stock

THB 13.70 0.70 5.38%

The current 90-days correlation between Thaicom Public and Airports of Thailand is -0.3 (i.e., Very good diversification). The correlation of Thaicom Public 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Thaicom Public Correlation With Market

Significant diversification

The correlation between Thaicom Public and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thaicom Public and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Thaicom 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 Thaicom 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 Thaicom 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 Thaicom Public to buy it.

Moving together with Thaicom Stock

0.62	AOT-R	Airports of Thailand	Pair Corr
0.68	PTTEP-R	PTT Exploration	Pair Corr
0.98	LRH	Laguna Resorts Hotels	Pair Corr
0.69	MIT	MFC Industrial Real	Pair Corr
0.97	AYUD	Allianz Ayudhya Capital	Pair Corr
0.71	RCL-R	Regional Container Lines	Pair Corr

Related Correlations Analysis

	DELTA-R	DELTA	AOT-R	AOT	PTT	PTT-R	INTUCH-R	ADVANC-R	PTTEP-R	PTTEP
DELTA-R		0.13	-0.05	-0.02	-0.26	-0.26	0.08	0.23	-0.1	-0.07	DELTA-R
DELTA	0.13		-0.05	-0.64	-0.51	-0.51	0.55	0.02	0.08	-0.85	DELTA
AOT-R	-0.05	-0.05		0.15	0.17	0.17	-0.01	0.0	0.96	-0.01	AOT-R
AOT	-0.02	-0.64	0.15		0.46	0.46	0.01	0.04	0.06	0.43	AOT
PTT	-0.26	-0.51	0.17	0.46		1.0	0.09	0.18	0.03	0.31	PTT
PTT-R	-0.26	-0.51	0.17	0.46	1.0		0.09	0.18	0.03	0.31	PTT-R
INTUCH-R	0.08	0.55	-0.01	0.01	0.09	0.09		0.13	0.0	-0.74	INTUCH-R
ADVANC-R	0.23	0.02	0.0	0.04	0.18	0.18	0.13		-0.05	-0.02	ADVANC-R
PTTEP-R	-0.1	0.08	0.96	0.06	0.03	0.03	0.0	-0.05		-0.08	PTTEP-R
PTTEP	-0.07	-0.85	-0.01	0.43	0.31	0.31	-0.74	-0.02	-0.08		PTTEP
	DELTA-R	DELTA	AOT-R	AOT	PTT	PTT-R	INTUCH-R	ADVANC-R	PTTEP-R	PTTEP

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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

PTT-R	+ 1.0	PTT
PTTEP-R	+ 0.96	AOT-R
INTUCH-R	+ 0.55	DELTA
PTT	+ 0.46	AOT
PTT-R	+ 0.46	AOT
PTTEP	+ 0.43	AOT

High negative correlations

PTTEP	- 0.85	DELTA
PTTEP	- 0.74	INTUCH-R
AOT	- 0.64	DELTA
PTT-R	- 0.51	DELTA
PTT	- 0.51	DELTA
PTT-R	- 0.26	DELTA-R

Risk-Adjusted Indicators

There is a big difference between Thaicom Stock performing well and Thaicom 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 Thaicom 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
DELTA-R	1.56	0.82	0.00	(1.99)	0.00	0.00	0.00	0.00	0.00
DELTA	1.94	0.60	0.11	(1.81)	3.22	(2.29)	4.83	(2.40)	22.88
AOT-R	0.66	0.10	0.00	(0.15)	0.00	0.00	1.17	(0.13)	31.40
AOT	0.82	0.06	(0.05)	(0.41)	0.85	(1.00)	2.07	(1.59)	5.57
PTT	0.79	(0.07)	0.00	(1.28)	0.00	0.00	2.27	(1.48)	5.19
PTT-R	0.79	(0.07)	0.00	(1.28)	0.00	0.00	2.27	(1.48)	5.19
INTUCH-R	1.53	0.32	0.11	1.68	1.67	(1.78)	4.95	(2.87)	11.96
ADVANC-R	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PTTEP-R	0.51	(0.06)	0.00	0.36	0.00	0.00	0.00	0.00	12.11
PTTEP	1.13	(0.12)	0.00	0.67	0.00	0.00	2.55	(2.67)	6.55

Be your own money manager

Our tools can tell you how much better you can do entering a position in Thaicom 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.

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