VGI Public Correlations

VGI Stock  THB 2.80  0.06  2.10%   
The current 90-days correlation between VGI Public and Interlink Communication Public is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as VGI Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if VGI Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

VGI Public Correlation With Market

Good diversification

The correlation between VGI Public and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding VGI Public and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to VGI 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 VGI 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 VGI 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 VGI Public to buy it.

Moving against VGI Stock

  0.38METCO Muramoto Electron PublicPairCorr

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   
GUNKULILINK
GUNKULETE
ETEILINK
AOTILINK
AOTERW
GUNKULAOT
  
High negative correlations   
LHHOTELSVI
ERWSVI
AOTSYNEX
DCONSYNEX
LHHOTELJMART-R
ILINKSYNEX

Risk-Adjusted Indicators

There is a big difference between VGI Stock performing well and VGI 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 VGI 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SYNEX  1.63 (0.14) 0.00 (0.19) 0.00 
 3.50 
 10.54 
SVI  1.98 (0.07) 0.00 (0.06) 0.00 
 6.08 
 16.49 
ILINK  1.45 (0.13) 0.00 (0.05) 0.00 
 3.20 
 10.43 
ERW  1.28  0.00  0.00  0.13  0.00 
 3.54 
 14.40 
JMART-R  0.71 (0.24) 0.00 (1.03) 0.00 
 0.00 
 17.85 
AOT  0.67 (0.05) 0.00 (0.16) 0.00 
 1.63 
 4.74 
ETE  1.46 (0.30) 0.00  1.42  0.00 
 3.74 
 9.12 
GUNKUL  1.66 (0.28) 0.00 (0.39) 0.00 
 3.08 
 11.36 
DCON  1.68 (0.06) 0.00  0.24  0.00 
 3.33 
 24.81 
LHHOTEL  0.94  0.12  0.03  0.60  0.89 
 2.35 
 6.89 

Be your own money manager

Our tools can tell you how much better you can do entering a position in VGI 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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VGI Public Corporate Management

Elected by the shareholders, the VGI Public's board of directors comprises two types of representatives: VGI Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of VGI. The board's role is to monitor VGI Public's management team and ensure that shareholders' interests are well served. VGI 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, VGI Public's outside directors are responsible for providing unbiased perspectives on the board's policies.