SVI Public Correlations
| SVI Stock | THB 6.25 0.25 4.17% |
The current 90-days correlation between SVI Public and KCE Electronics Public is 0.41 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as SVI Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if SVI Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
SVI Public Correlation With Market
Very good diversification
The correlation between SVI Public and DJI is -0.32 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SVI Public and DJI in the same portfolio, assuming nothing else is changed.
SVI |
The ability to find closely correlated positions to SVI Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SVI Public 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 SVI Public - 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 SVI Public to buy it.
Moving together with SVI Stock
| 0.91 | INSURE | Indara Insurance Public | PairCorr |
| 0.9 | STANLY | Thai Stanley Electric Earnings Call This Week | PairCorr |
Moving against SVI Stock
| 0.79 | METCO | Muramoto Electron Public | PairCorr |
| 0.77 | RCL | Regional Container Lines | PairCorr |
| 0.54 | SCC | Siam Cement | PairCorr |
| 0.5 | RCL-R | Regional Container Lines | PairCorr |
Related Correlations Analysis
| 0.79 | 0.16 | 0.25 | -0.17 | KCE | ||
| 0.79 | 0.42 | 0.19 | 0.05 | HANA | ||
| 0.16 | 0.42 | -0.05 | 0.02 | PSL | ||
| 0.25 | 0.19 | -0.05 | 0.76 | SIRI | ||
| -0.17 | 0.05 | 0.02 | 0.76 | QH | ||
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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 SVI Stock performing well and SVI Public 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 SVI Public'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KCE | 2.42 | 0.62 | 0.13 | (2.32) | 2.68 | 6.67 | 17.05 | |||
| HANA | 2.87 | 0.66 | 0.16 | (4.23) | 2.66 | 6.88 | 14.47 | |||
| PSL | 2.00 | 0.49 | 0.15 | (2.38) | 1.75 | 5.03 | 12.48 | |||
| SIRI | 1.90 | 0.21 | 0.01 | (0.34) | 1.70 | 4.92 | 10.74 | |||
| QH | 1.57 | 0.04 | (0.04) | 0.73 | 1.60 | 3.45 | 7.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SVI Public 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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