Wattanapat Hospital Related Correlations

WPH Stock  THB 8.55  0.20  2.40%   
Generate correlation matrix for Wattanapat Hospital and other related equities to check the degree to which Wattanapat Hospital Trang price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Wattanapat Hospital Trang. To filter out specific equities, please toggle its corresponding legend item. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wattanapat Hospital Trang. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
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Please note, there is a significant difference between Wattanapat Hospital's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wattanapat Hospital is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wattanapat Hospital's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Correlations

RAM
THG
VIBHA
SKR
RAM
0.84-0.1-0.32
RAM
THG
0.84-0.29-0.36
THG
VIBHA
-0.1-0.290.04
VIBHA
SKR
-0.32-0.360.04
SKR
RAM
THG
VIBHA
SKR
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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   
THGRAM
SKRVIBHA
  
High negative correlations   
SKRTHG
SKRRAM
VIBHATHG
VIBHARAM

Risk-Adjusted Indicators

There is a big difference between Wattanapat Stock performing well and Wattanapat Hospital 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 Wattanapat Hospital'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.