Vanachai Group Correlations

The correlation of Vanachai Group 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 Vanachai Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Vanachai Group 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 Vanachai Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Vanachai Group 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 Vanachai Group - 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 Vanachai Group Public to buy it.

Moving together with Vanachai Group

+0.92RCLRegional Container LinesPairCorr
+0.92SCGPSCG Packaging PublicPairCorr
+0.97TVO-RThai Vegetable OilPairCorr
+0.97TVOThai Vegetable OilPairCorr
+0.92RBFRB Food SupplyPairCorr
+0.98RPHRatchaphruek HospitalPairCorr

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   
SCGPRPH
CHAYODV8
RPHRBF
SCGPRBF
CHAYORBF
SCGPSVI
  

Vanachai Group Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between Vanachai Stock performing well and Vanachai Group 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 Vanachai Group'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Vanachai Group 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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Portfolio Comparator

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Vanachai Group Corporate Directors

Vanachai Group corporate directors refer to members of a Vanachai Group board of directors. The board of directors generally takes responsibility for the Vanachai Group's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Vanachai Group's board members must vote for the resolution. The Vanachai Group board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Suraphong Damrisin - Executive DirectorProfile
Niphon Wisityuthasart - Independent DirectorProfile
Wasan Charoennawarat - Executive Director, DirectorProfile
Wichit Yathip - Independent DirectorProfile

Invested in Vanachai Group Public?

The danger of trading Vanachai Group 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 Vanachai Group 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 Vanachai Group. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Vanachai Group Public 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.
Also, please take a look at World Market Map. You can also try Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.

Complementary Tools for analysis

When running Vanachai Group Public price analysis, check to measure Vanachai Group'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 Vanachai Group is operating at the current time. Most of Vanachai Group's value examination focuses on studying past and present price action to predict the probability of Vanachai Group's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Vanachai Group's price. Additionally, you may evaluate how the addition of Vanachai Group to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Vanachai Group's value and its price as these two are different measures arrived at by different means. Investors typically determine Vanachai Group value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Vanachai Group'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.