Minor International Correlations
| MINT Stock | THB 24.20 0.80 3.20% |
The current 90-days correlation between Minor International and Bangkok Dusit Medical is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Minor International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Minor International Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Minor International Correlation With Market
Significant diversification
The correlation between Minor International Public and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Minor International Public and DJI in the same portfolio, assuming nothing else is changed.
Minor |
The ability to find closely correlated positions to Minor International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Minor International 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 Minor International - 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 Minor International Public to buy it.
Related Correlations Analysis
| 0.91 | 0.79 | 0.26 | 0.69 | CPALL | ||
| 0.91 | 0.8 | 0.02 | 0.46 | BDMS | ||
| 0.79 | 0.8 | 0.02 | 0.48 | AOT | ||
| 0.26 | 0.02 | 0.02 | 0.71 | KBANK | ||
| 0.69 | 0.46 | 0.48 | 0.71 | ADVANC | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Minor Stock performing well and Minor International 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 Minor International'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 Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CPALL | 1.22 | (0.06) | 0.00 | (0.06) | 0.00 | 2.66 | 7.45 | |||
| BDMS | 1.15 | (0.11) | 0.00 | (3.49) | 0.00 | 2.17 | 8.07 | |||
| AOT | 2.45 | 0.09 | 0.00 | 0.40 | 2.79 | 6.08 | 15.30 | |||
| KBANK | 0.90 | 0.19 | 0.06 | 1.55 | 0.89 | 2.45 | 6.35 | |||
| ADVANC | 1.10 | 0.15 | (0.01) | (0.68) | 1.18 | 2.87 | 8.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Minor International 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?
Run Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
Minor International Corporate Management
Elected by the shareholders, the Minor International's board of directors comprises two types of representatives: Minor International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Minor. The board's role is to monitor Minor International's management team and ensure that shareholders' interests are well served. Minor International'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, Minor International's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Michael MacDonald | Chief Officer | Profile | |
| Torpong Muadchaiyaphum | Group Audit | Profile | |
| Chaiyapat CFA | CFO Officer | Profile | |
| Namida Artispong | Group Relations | Profile |