Synergetic Auto Ownership
| ASAP Stock | THB 3.04 0.02 0.65% |
Please note, institutional investors have a lot of resources and new technology at their disposal. They can put in a lot of research and financial analysis when reviewing investment options. There are many different types of institutional investors, including banks, hedge funds, insurance companies, and pension plans. One of the main advantages they have over retail investors is the fees paid for trades. As they are buying in large quantities, they can manage their cost more effectively.
Synergetic |
Synergetic Stock Ownership Analysis
About 84.0% of the company shares are held by company insiders. The book value of Synergetic Auto was presently reported as 1.54. The company recorded a loss per share of 0.33. Synergetic Auto Perf last dividend was issued on the 14th of March 2018. The entity had 11:10 split on the 14th of March 2018. Synergetic Auto Performance Public Company Limited provides car rental services in Thailand. Synergetic Auto Performance Public Company Limited is headquartered in Mueang Samut Prakan, Thailand. SYNERGETIC AUTO operates under Rental Leasing Services classification in Thailand and is traded on Stock Exchange of Thailand. For more info on Synergetic Auto Performance please contact Songvit Titipoonya at 66 2 091 8000 or go to https://www.asapcarrent.com.Pair Trading with Synergetic Auto
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Synergetic Auto position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Synergetic Auto will appreciate offsetting losses from the drop in the long position's value.Moving together with Synergetic Stock
| 0.74 | RBF | RB Food Supply | PairCorr |
Moving against Synergetic Stock
| 0.49 | AMARIN | Amarin Printing | PairCorr |
The ability to find closely correlated positions to Synergetic Auto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Synergetic Auto 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 Synergetic Auto - 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 Synergetic Auto Performance to buy it.
The correlation of Synergetic Auto 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 Synergetic Auto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Synergetic Auto Perf 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.
Correlation analysis and pair trading evaluation for Synergetic Auto can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Synergetic Auto Performance. 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. You can also try the Equity Valuation module to check real value of public entities based on technical and fundamental data.
Complementary Tools for Synergetic Stock analysis
When running Synergetic Auto's price analysis, check to measure Synergetic Auto'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 Synergetic Auto is operating at the current time. Most of Synergetic Auto's value examination focuses on studying past and present price action to predict the probability of Synergetic Auto's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Synergetic Auto's price. Additionally, you may evaluate how the addition of Synergetic Auto to your portfolios can decrease your overall portfolio volatility.
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