Regional Container Correlations

RCL Stock

THB 26.50 0.25 0.93%

The current 90-days correlation between Regional Container Lines and Precious Shipping Public is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Regional Container moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Regional Container Lines moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Regional Container Correlation With Market

Significant diversification

The correlation between Regional Container Lines 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 Regional Container Lines and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Regional Container could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Regional Container 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 Regional Container - 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 Regional Container Lines to buy it.

Moving against Regional Stock

0.73	TVO	Thai Vegetable Oil	Pair Corr
0.69	NATION	Nation Group PCL	Pair Corr
0.69	TIDLOR	Ngern Tid Lor	Pair Corr
0.68	ASIAN	Asian Sea	Pair Corr
0.65	BAY	Bank of Ayudhya Earnings Call This Week	Pair Corr
0.62	KTB	Krung Thai Bank	Pair Corr
0.6	TSC	Thai Steel Cable	Pair Corr
0.59	SMIT	Sahamit Machinery Public	Pair Corr
0.57	CHAYO	Chayo Group Public	Pair Corr
0.53	FSMART	Forth Smart Service	Pair Corr
0.52	PL	Phatra Leasing Public	Pair Corr
0.5	SPRIME	S Prime Growth	Pair Corr
0.5	SKR	Sikarin Public	Pair Corr
0.45	RBF	RB Food Supply	Pair Corr
0.42	TFI	Thai Film Industries	Pair Corr
0.4	KBANK	Kasikornbank Public	Pair Corr
0.39	BBL	Bangkok Bank PCL Earnings Call This Week	Pair Corr
0.38	NEX	Nex Point Public	Pair Corr
0.38	THMUI	Thai Mui	Pair Corr
0.36	MEGA	Mega Lifesciences Public	Pair Corr
0.34	SYNTEC	Syntec Construction	Pair Corr
0.66	KKP	Kiatnakin Phatra Bank Earnings Call This Week	Pair Corr
0.65	PACO	President Automobile	Pair Corr
0.65	BOFFICE	Bhiraj Office Leasehold	Pair Corr
0.6	SO	Siamrajathanee Public	Pair Corr
0.57	PHOL	Phol Dhanya Public	Pair Corr
0.56	SCP	Southern Concrete Pile	Pair Corr
0.56	SAMCO	Sammakorn Public	Pair Corr
0.54	STPI	STPI Public	Pair Corr
0.54	KKP-R	Kiatnakin Phatra Bank Earnings Call This Week	Pair Corr
0.53	GUNKUL	Gunkul Engineering Public	Pair Corr
0.5	CENTEL	Central Plaza Hotel	Pair Corr

Related Correlations Analysis

	PSL	TTA	SCC	PTT	HANA
PSL		0.87	0.53	0.27	0.55	PSL
TTA	0.87		0.63	0.47	0.55	TTA
SCC	0.53	0.63		0.41	0.76	SCC
PTT	0.27	0.47	0.41		0.21	PTT
HANA	0.55	0.55	0.76	0.21		HANA
	PSL	TTA	SCC	PTT	HANA

Risk-Adjusted Indicators

There is a big difference between Regional Stock performing well and Regional Container 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 Regional Container'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
PSL	1.78	0.17	0.06	(0.36)	1.83	(2.38)	4.38	(2.86)	12.11
TTA	1.30	0.16	0.08	(0.26)	1.25	(1.70)	2.78	(2.11)	6.51
SCC	1.45	0.30	0.18	(251.74)	1.25	(1.81)	3.04	(2.24)	10.56
PTT	0.87	0.09	0.06	0.33	0.83	(1.36)	1.65	(1.56)	5.33
HANA	2.27	0.22	0.09	4.13	2.12	(2.94)	6.73	(3.14)	13.58

Be your own money manager

Our tools can tell you how much better you can do entering a position in Regional Container 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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