Eureka Design Correlations
UREKA Stock | THB 0.55 0.01 1.85% |
The correlation of Eureka Design 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Eureka Design moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Eureka Design Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Average diversification
The correlation between Eureka Design Public and NYA is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Eureka Design Public and NYA in the same portfolio, assuming nothing else is changed.
Eureka |
The ability to find closely correlated positions to Eureka Design could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Eureka Design 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 Eureka Design - 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 Eureka Design Public to buy it.
Moving together with Eureka Stock
0.69 | DELTA | Delta Electronics Public | PairCorr |
0.78 | INTUCH-R | Intouch Holdings Public | PairCorr |
0.84 | RABBIT | Rabbit Holdings PCL | PairCorr |
Moving against Eureka Stock
0.64 | PTTEP | PTT Exploration | PairCorr |
0.49 | PTT-R | PTT Public | PairCorr |
0.46 | AOT | Airports of Thailand | PairCorr |
0.45 | PTT | PTT Public | 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
|
Risk-Adjusted Indicators
There is a big difference between Eureka Stock performing well and Eureka Design 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 Eureka Design'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Eureka Design 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 Money Flow Index Now
Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
All Next | Launch Module |
Eureka Design Corporate Management
Elected by the shareholders, the Eureka Design's board of directors comprises two types of representatives: Eureka Design inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Eureka. The board's role is to monitor Eureka Design's management team and ensure that shareholders' interests are well served. Eureka Design'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, Eureka Design's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sunisa Jirawuttikul | CEO Director | Profile | |
Yuwapa Pongpal | Accounting Accountant | Profile | |
Piyapot Keawjamlong | CFO Sec | Profile | |
Wichet Muangchan | Managing Director | Profile | |
Nitchakan Chanthanasirikun | Managing Director | Profile |
Already Invested in Eureka Design Public?
The danger of trading Eureka Design Public is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Eureka Design is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Eureka Design. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Eureka Design Public is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Eureka Design Public. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Eureka Design Public information on this page should be used as a complementary analysis to other Eureka Design's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Eureka Stock analysis
When running Eureka Design's price analysis, check to measure Eureka Design's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Eureka Design is operating at the current time. Most of Eureka Design's value examination focuses on studying past and present price action to predict the probability of Eureka Design's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Eureka Design's price. Additionally, you may evaluate how the addition of Eureka Design to your portfolios can decrease your overall portfolio volatility.
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Investing Opportunities Build portfolios using our predefined set of ideas and optimize them against your investing preferences | |
Pair Correlation Compare performance and examine fundamental relationship between any two equity instruments | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
Performance Analysis Check effects of mean-variance optimization against your current asset allocation | |
Stock Tickers Use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites | |
ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments | |
Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios |