PTT OIL Correlations
| OR-R Stock | THB 14.50 0.00 0.00% |
The current 90-days correlation between PTT OIL RETAIL and Srinanaporn Marketing Public is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PTT OIL moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PTT OIL RETAIL moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
PTT |
The ability to find closely correlated positions to PTT OIL could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PTT OIL 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 PTT OIL - 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 PTT OIL RETAIL to buy it.
Moving together with PTT Stock
| 0.73 | OR | PTT Oil | PairCorr |
| 0.69 | TOP | Thai Oil Public | PairCorr |
| 0.81 | IRPC | IRPC Public | PairCorr |
| 0.86 | PTT-R | PTT Public | PairCorr |
| 0.87 | SCC-R | Siam Cement | PairCorr |
| 0.85 | AEONTS | AEON Thana Sinsap | PairCorr |
| 0.75 | BAFS | Bangkok Aviation Fuel | PairCorr |
| 0.67 | ASIAN | Asian Sea | PairCorr |
| 0.74 | SAT | Somboon Advance Tech | PairCorr |
| 0.66 | JR | JRW Utility Public | PairCorr |
| 0.74 | SCP | Southern Concrete Pile | PairCorr |
| 0.71 | 2S | 2S Metal Public | PairCorr |
| 0.75 | KLINIQ | Klinique Med | PairCorr |
| 0.78 | AP | AP Public | PairCorr |
| 0.75 | SVOA | SVOA Public | PairCorr |
| 0.73 | HL | Healthlead Public | PairCorr |
| 0.8 | LHHOTEL | LH Hotel Leasehold | PairCorr |
| 0.87 | GUNKUL | Gunkul Engineering Public | PairCorr |
| 0.64 | SOLAR | Solartron Public | PairCorr |
| 0.71 | ANAN | Ananda Development Public | PairCorr |
| 0.86 | CK | CH Karnchang Public | PairCorr |
| 0.68 | STELLA | Stella X Public | PairCorr |
Moving against PTT Stock
| 0.84 | DITTO-R | DITTO | PairCorr |
| 0.76 | BCP | Bangchak Public | PairCorr |
| 0.57 | IRPC-R | IRPC Public | PairCorr |
| 0.57 | TRUE-R | True Public Earnings Call This Week | PairCorr |
| 0.44 | SPRC | Star Petroleum Refining | PairCorr |
| 0.46 | SNNP-R | SRINANAPORN MARKETING | PairCorr |
Related Correlations Analysis
Correlation Matchups
Over a given time period, the two securities move together 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between PTT Stock performing well and PTT OIL 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 PTT OIL'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SNNP | 0.99 | (0.12) | 0.00 | 0.43 | 0.00 | 2.11 | 7.33 | |||
| LHK | 0.54 | 0.03 | (0.02) | 3.45 | 0.72 | 1.14 | 6.36 | |||
| AMC | 1.12 | (0.07) | 0.00 | 0.30 | 0.00 | 2.00 | 9.51 | |||
| TCOAT | 1.20 | (0.06) | 0.00 | (0.11) | 0.00 | 1.81 | 25.08 | |||
| TKN | 1.66 | (0.14) | 0.00 | 1.79 | 0.00 | 4.33 | 11.34 | |||
| WIN | 1.96 | (0.18) | 0.00 | 0.31 | 0.00 | 2.78 | 12.89 | |||
| 2S | 1.50 | 0.34 | 0.14 | 10.60 | 1.48 | 4.45 | 11.15 |
PTT OIL Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PTT OIL stock to make a market-neutral strategy. Peer analysis of PTT OIL could also be used in its relative valuation, which is a method of valuing PTT OIL by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |