Getabec Public Correlations

GTB Stock

THB 0.71 0.01 1.39%

The current 90-days correlation between Getabec Public and Future Park Leasehold is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Getabec Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Getabec Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Getabec Public Correlation With Market

Good diversification

The correlation between Getabec Public and NYA is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Getabec Public and NYA in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Getabec 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 Getabec 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 Getabec 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 Getabec Public to buy it.

Moving against Getabec Stock

0.74	SABUY	Sabuy Technology Public	Pair Corr
0.62	UREKA	Eureka Design Public	Pair Corr
0.57	UMS	Unique Mining Services	Pair Corr
0.5	SFT	Shrinkflex Public	Pair Corr
0.42	PK	Patkol Public	Pair Corr
0.39	KKC	Kulthorn Kirby Public	Pair Corr
0.38	TGH	Thai Group Holdings	Pair Corr
0.34	NFC	Nfc PLC	Pair Corr

Related Correlations Analysis

	JMART	KCE	FUTUREPF	CKP	TMD	DOD	HENG	THE	PAP	KYE
JMART		-0.29	0.54	0.05	-0.58	0.61	0.68	0.78	0.28	-0.2	JMART
KCE	-0.29		-0.28	0.09	0.65	-0.77	-0.74	-0.56	-0.47	0.12	KCE
FUTUREPF	0.54	-0.28		0.04	-0.35	0.32	0.47	0.64	0.39	0.05	FUTUREPF
CKP	0.05	0.09	0.04		0.09	-0.07	0.17	0.11	0.21	0.14	CKP
TMD	-0.58	0.65	-0.35	0.09		-0.92	-0.69	-0.65	-0.29	0.13	TMD
DOD	0.61	-0.77	0.32	-0.07	-0.92		0.79	0.66	0.39	-0.15	DOD
HENG	0.68	-0.74	0.47	0.17	-0.69	0.79		0.86	0.48	-0.29	HENG
THE	0.78	-0.56	0.64	0.11	-0.65	0.66	0.86		0.41	-0.28	THE
PAP	0.28	-0.47	0.39	0.21	-0.29	0.39	0.48	0.41		0.48	PAP
KYE	-0.2	0.12	0.05	0.14	0.13	-0.15	-0.29	-0.28	0.48		KYE
	JMART	KCE	FUTUREPF	CKP	TMD	DOD	HENG	THE	PAP	KYE

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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

THE	+ 0.86	HENG
HENG	+ 0.79	DOD
THE	+ 0.78	JMART
HENG	+ 0.68	JMART
THE	+ 0.66	DOD
TMD	+ 0.65	KCE

High negative correlations

DOD	- 0.92	TMD
DOD	- 0.77	KCE
HENG	- 0.74	KCE
HENG	- 0.69	TMD
THE	- 0.65	TMD
TMD	- 0.58	JMART

Risk-Adjusted Indicators

There is a big difference between Getabec Stock performing well and Getabec 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 Getabec 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
JMART	2.06	(0.11)	0.00	(0.11)	0.00	0.00	5.80	(5.67)	21.60
KCE	1.33	0.09	0.03	5.57	1.56	(1.62)	3.32	(2.56)	6.42
FUTUREPF	0.48	(0.01)	(0.03)	(0.09)	0.67	(1.21)	1.74	(1.71)	4.42
CKP	1.51	(0.11)	0.00	(0.67)	0.00	0.00	3.59	(2.54)	14.02
TMD	0.31	0.09	0.10	2.19	0.00	(0.70)	1.02	(0.43)	2.07
DOD	1.73	(0.72)	0.00	(0.50)	0.00	0.00	2.27	(5.08)	10.44
HENG	1.49	(0.61)	0.00	2.62	0.00	0.00	2.76	(4.24)	11.30
THE	1.83	(0.23)	0.00	6.11	0.00	0.00	5.13	(4.55)	11.79
PAP	1.28	(0.28)	0.00	(2.42)	0.00	0.00	1.74	(3.42)	19.76
KYE	0.43	(0.04)	0.00	1.90	0.00	0.00	0.64	(1.22)	4.03

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Our tools can tell you how much better you can do entering a position in Getabec 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.

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