Kang Yong Correlations
| KYE Stock | THB 319.00 2.00 0.63% |
The correlation of Kang Yong 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 Kang Yong moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kang Yong Electric 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.
Modest diversification
The correlation between Kang Yong Electric and NYA is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kang Yong Electric and NYA in the same portfolio, assuming nothing else is changed.
Kang |
The ability to find closely correlated positions to Kang Yong could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kang Yong 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 Kang Yong - 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 Kang Yong Electric to buy it.
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Kang Yong 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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Kang Yong Corporate Directors
Kang Yong corporate directors refer to members of a Kang Yong board of directors. The board of directors generally takes responsibility for the Kang Yong'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 Kang Yong's board members must vote for the resolution. The Kang Yong board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Yasumichi Tazunoki | Director | Profile | |
| Tomohiko Kasai | Director | Profile | |
| Sahaschai Indrasukhsri | Independent Director | Profile | |
| Takeshi Oshima | Director | Profile |
Already Invested in Kang Yong Electric?
The danger of trading Kang Yong Electric 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 Kang Yong 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 Kang Yong. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kang Yong Electric 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 Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kang Yong Electric. 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. Note that the Kang Yong Electric information on this page should be used as a complementary analysis to other Kang Yong's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Volatility Analysis module to get historical volatility and risk analysis based on latest market data.
Complementary Tools for Kang Stock analysis
When running Kang Yong's price analysis, check to measure Kang Yong'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 Kang Yong is operating at the current time. Most of Kang Yong's value examination focuses on studying past and present price action to predict the probability of Kang Yong's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kang Yong's price. Additionally, you may evaluate how the addition of Kang Yong to your portfolios can decrease your overall portfolio volatility.
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