Ubis Public Correlations
| UBIS Stock | THB 1.69 0.06 3.68% |
The current 90-days correlation between Ubis Public and Unimit Engineering Public is 0.5 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ubis Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ubis Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ubis Public Correlation With Market
Average diversification
The correlation between Ubis Public and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ubis Public and DJI in the same portfolio, assuming nothing else is changed.
Ubis |
The ability to find closely correlated positions to Ubis 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 Ubis 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 Ubis 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 Ubis Public to buy it.
Moving together with Ubis Stock
| 0.7 | SCC-R | Siam Cement | PairCorr |
| 0.79 | TOA-R | TOA PAINT | PairCorr |
| 0.71 | TOA | TOA Paint Public | PairCorr |
| 0.68 | BCT | Birla Carbon Public | PairCorr |
| 0.64 | NER | North East Rubbers | PairCorr |
| 0.63 | JTS | Jasmine Telecom Systems | PairCorr |
| 0.8 | BEM-R | Bangkok Expressway and | PairCorr |
| 0.62 | FORTH | Forth Public | PairCorr |
Moving against Ubis Stock
| 0.79 | STGT-R | SRI TRANG GLOVES | PairCorr |
| 0.46 | DELTA | Delta Electronics Public | PairCorr |
| 0.35 | SPA | Siam Wellness Group | PairCorr |
Related Correlations Analysis
| 0.56 | 0.86 | 0.24 | -0.72 | UEC | ||
| 0.56 | 0.22 | 0.72 | -0.38 | WINNER | ||
| 0.86 | 0.22 | -0.1 | -0.6 | UKEM | ||
| 0.24 | 0.72 | -0.1 | -0.25 | TMW | ||
| -0.72 | -0.38 | -0.6 | -0.25 | TRT | ||
| 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 Ubis Stock performing well and Ubis 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 Ubis 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UEC | 0.96 | (0.12) | 0.00 | (1.56) | 0.00 | 2.10 | 11.08 | |||
| WINNER | 0.63 | 0.02 | (0.07) | 1.46 | 0.67 | 0.99 | 3.85 | |||
| UKEM | 1.16 | (0.39) | 0.00 | (0.67) | 0.00 | 2.44 | 6.98 | |||
| TMW | 0.81 | 0.01 | (0.03) | 0.12 | 0.89 | 1.96 | 6.45 | |||
| TRT | 1.30 | 0.11 | 0.00 | (0.79) | 1.47 | 3.00 | 12.79 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ubis 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 Portfolio Rebalancing Now
Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |
Ubis Public Corporate Management
Elected by the shareholders, the Ubis Public's board of directors comprises two types of representatives: Ubis Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ubis. The board's role is to monitor Ubis Public's management team and ensure that shareholders' interests are well served. Ubis Public'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, Ubis Public's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Somchai Lurngnateetape | Sr. Executive VP of Production | Profile | |
| Piyakun Kritayanutkul | CEO Director | Profile | |
| Pueangngern Kanjarak | Deputy HR | Profile | |
| Sriwipha Onganusorn | Deputy Devel | Profile | |
| Pruetthipong Tharaphimaan | MD Director | Profile | |
| Chutima Chubthaisong | Deputy Sec | Profile |