Ratchaphruek Hospital Correlations

RPH
 Stock
  

THB 6.15  0.05  0.82%   

The correlation of Ratchaphruek Hospital is a statistical measure of how it moves in relation to other equities. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ratchaphruek Hospital moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ratchaphruek Hospital Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
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The ability to find closely correlated positions to Ratchaphruek Hospital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ratchaphruek Hospital 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 Ratchaphruek Hospital - 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 Ratchaphruek Hospital Public to buy it.

Moving together with Ratchaphruek Hospital

+0.61RCLRegional Container LinesPairCorr
+0.88VNGVanachai Group PublicPairCorr
+0.71QHPFQuality Houses PropertyPairCorr
+0.67RBFRB Food SupplyPairCorr

Moving against Ratchaphruek Hospital

-0.57TISCOTISCO Financial GroupPairCorr

Related Correlations

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Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
JPMT
JPMA
XOMMRK
MRKJPM
XOMJPM
JPMTWTR
  
High negative correlations   
MRKMSFT
XOMMSFT
MRKUBER
CRMTWTR
MSFTTWTR
XOMUBER

Ratchaphruek Hospital Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Ratchaphruek Stock performing well and Ratchaphruek Hospital company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Ratchaphruek Hospital's multiple risk-adjusted performance indicators. 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
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
TWTR 1.73  0.48  0.18  2.46  1.73  0.13 (1.84)  3.56 (2.97)  27.10 
MSFT 1.81 (0.12)  0.00 (0.02)  0.00 (0.0384)  0.00  3.92 (3.54)  11.64 
UBER 2.79 (0.01)  0.01  0.06  3.22  0.0048 (3.38)  8.60 (5.58)  19.67 
F 1.95 (0.20)  0.00 (0.07)  0.00 (0.06)  0.00  2.75 (5.14)  14.93 
T 1.27  0.11  0.06  0.21  1.22  0.05 (1.43)  2.54 (2.11)  9.29 
A 1.71  0.22  0.13  0.24  1.62  0.11 (2.06)  3.98 (2.97)  11.04 
CRM 2.20 (0.06) (0.01)  0.02  2.64 (0.013) (2.24)  4.31 (4.29)  14.31 
JPM 1.49  0.24  0.15  0.29  1.27  0.13 (1.60)  4.20 (2.15)  7.57 
MRK 1.03  0.34  0.23  1.09  0.89  0.22 (1.22)  2.44 (1.71)  7.38 
XOM 1.62  0.12  0.06  0.20  1.90  0.06 (1.68)  3.65 (3.00)  9.75 

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Our tools can tell you how much better you can do entering a position in Ratchaphruek Hospital 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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Invested in Ratchaphruek Hospital Public?

The danger of trading Ratchaphruek Hospital Public is mainly related to its market volatility and company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ratchaphruek Hospital is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ratchaphruek Hospital. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ratchaphruek Hospital is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Additionally, take a look at Your Equity Center. You can also try Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.

Complementary Tools for analysis

When running Ratchaphruek Hospital price analysis, check to measure Ratchaphruek Hospital's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ratchaphruek Hospital is operating at the current time. Most of Ratchaphruek Hospital's value examination focuses on studying past and present price action to predict the probability of Ratchaphruek Hospital's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Ratchaphruek Hospital's price. Additionally, you may evaluate how the addition of Ratchaphruek Hospital to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ratchaphruek Hospital's value and its price as these two are different measures arrived at by different means. Investors typically determine Ratchaphruek Hospital value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ratchaphruek Hospital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.