Thanachart Capital Correlations
| TCAP-R Stock | THB 47.50 0.41 0.87% |
The current 90-days correlation between Thanachart Capital Public and Kiatnakin Phatra Bank is -0.04 (i.e., Good diversification). The correlation of Thanachart Capital 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Thanachart Capital Correlation With Market
Good diversification
The correlation between Thanachart Capital Public and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Thanachart Capital Public and DJI in the same portfolio, assuming nothing else is changed.
Thanachart |
The ability to find closely correlated positions to Thanachart Capital could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Thanachart Capital 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 Thanachart Capital - 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 Thanachart Capital Public to buy it.
Moving together with Thanachart Stock
Moving against Thanachart Stock
| 0.53 | PTTEP | PTT Exploration | PairCorr |
| 0.53 | ASP | Asia Plus Group | PairCorr |
| 0.35 | SCC | Siam Cement | PairCorr |
| 0.68 | HFT | Hwa Fong Rubber | PairCorr |
| 0.49 | HL | Healthlead Public | PairCorr |
| 0.45 | HANA | Hana Microelectronics | PairCorr |
| 0.39 | PTTGC | PTT Global Chemical | PairCorr |
| 0.38 | HPF | HEMARAJ INDUSTRIAL | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Thanachart Stock performing well and Thanachart Capital 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 Thanachart Capital'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KKP-R | 0.30 | (0.06) | 0.00 | 0.77 | 0.00 | 0.00 | 5.79 | |||
| SPALI-R | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| IVF | 2.77 | 0.23 | 0.06 | 0.45 | 2.58 | 8.25 | 20.41 | |||
| SENX | 2.73 | 0.23 | 0.01 | (1.55) | 3.34 | 4.76 | 23.16 | |||
| ERW | 2.42 | 0.06 | (0.02) | 9.93 | 2.87 | 4.76 | 12.31 | |||
| ACG | 2.52 | 0.20 | 0.01 | (0.85) | 2.96 | 5.41 | 21.64 | |||
| DITTO | 2.49 | 0.35 | 0.07 | (1.95) | 2.32 | 4.85 | 12.76 | |||
| ETE | 1.88 | 0.28 | 0.01 | (0.26) | 2.81 | 4.41 | 25.91 | |||
| PYLON | 1.05 | 0.23 | 0.09 | 2.13 | 0.73 | 2.14 | 11.91 | |||
| DCON | 2.41 | (0.21) | 0.00 | 2.65 | 0.00 | 4.35 | 17.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Thanachart Capital 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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Thanachart Capital Corporate Management
Elected by the shareholders, the Thanachart Capital's board of directors comprises two types of representatives: Thanachart Capital inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Thanachart. The board's role is to monitor Thanachart Capital's management team and ensure that shareholders' interests are well served. Thanachart Capital'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, Thanachart Capital's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Suphadej Poonpipat | Ex Chairman | Profile | |
| Thanawan Teekautamakorn | Ex Audit | Profile | |
| Suvarnapha Suvarnaprathip | Ex Director | Profile | |
| Krisayanee Ratanachaichan | VP Department | Profile | |
| Kamtorn Tantisirivat | Exec Division | Profile | |
| Watchara Permphithak | Sr Division | Profile | |
| Somjate Moosirilert | CEO Director | Profile |