Synergetic Auto Correlations
| ASAP Stock | THB 3.04 0.02 0.65% |
The correlation of Synergetic Auto 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Synergetic Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synergetic Auto Performance 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.
Significant diversification
The correlation between Synergetic Auto Performance and NYA is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Synergetic Auto Performance and NYA in the same portfolio, assuming nothing else is changed.
Synergetic |
The ability to find closely correlated positions to Synergetic Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synergetic Auto 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 Synergetic Auto - 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 Synergetic Auto Performance to buy it.
Moving together with Synergetic Stock
Moving against Synergetic Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Synergetic Stock performing well and Synergetic Auto 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 Synergetic Auto'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Synergetic Auto 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?
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Synergetic Auto Corporate Management
Elected by the shareholders, the Synergetic Auto's board of directors comprises two types of representatives: Synergetic Auto inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Synergetic. The board's role is to monitor Synergetic Auto's management team and ensure that shareholders' interests are well served. Synergetic Auto'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, Synergetic Auto's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Songvit Titipoonya | Deputy CEO | Profile | |
| Somkit Pipopwattana | Chief Officer | Profile | |
| Saranphat Trairat | Chief Accountant | Profile | |
| Prateep Silruk | Deputy CFO | Profile |
Already Invested in Synergetic Auto Performance?
The danger of trading Synergetic Auto Performance 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 Synergetic Auto 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 Synergetic Auto. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Synergetic Auto Perf 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Synergetic Auto Performance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Synergetic Stock analysis
When running Synergetic Auto's price analysis, check to measure Synergetic Auto'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 Synergetic Auto is operating at the current time. Most of Synergetic Auto's value examination focuses on studying past and present price action to predict the probability of Synergetic Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synergetic Auto's price. Additionally, you may evaluate how the addition of Synergetic Auto to your portfolios can decrease your overall portfolio volatility.
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