Delta Electronics Correlations
| DELTA-R Stock | THB 75.75 23.45 23.64% |
The correlation of Delta Electronics 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 Delta Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Delta Electronics 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.
Significant diversification
The correlation between Delta Electronics Public and NYA is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Delta Electronics Public and NYA in the same portfolio, assuming nothing else is changed.
Delta |
The ability to find closely correlated positions to Delta Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Delta Electronics 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 Delta Electronics - 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 Delta Electronics Public to buy it.
Related Correlations Analysis
| -0.17 | 0.45 | 0.14 | -0.68 | AJA | ||
| -0.17 | -0.32 | 0.12 | 0.3 | CPT | ||
| 0.45 | -0.32 | 0.13 | -0.27 | APCS | ||
| 0.14 | 0.12 | 0.13 | 0.17 | ALLA | ||
| -0.68 | 0.3 | -0.27 | 0.17 | AMC | ||
| 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 Delta Stock performing well and Delta Electronics 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 Delta Electronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AJA | 5.47 | 0.28 | 0.03 | 0.45 | 6.63 | 19.05 | 57.58 | |||
| CPT | 2.21 | 0.62 | 0.18 | 1.52 | 1.82 | 7.25 | 18.78 | |||
| APCS | 1.72 | (0.10) | 0.00 | (0.58) | 0.00 | 4.85 | 14.52 | |||
| ALLA | 1.56 | 0.24 | 0.07 | (0.62) | 1.67 | 3.45 | 16.99 | |||
| AMC | 0.73 | 0.08 | 0.01 | 6.16 | 1.02 | 2.48 | 7.18 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Delta Electronics 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 Commodity Channel Now
Commodity ChannelUse Commodity Channel Index to analyze current equity momentum |
| All Next | Launch Module |
Delta Electronics Corporate Management
Elected by the shareholders, the Delta Electronics' board of directors comprises two types of representatives: Delta Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Delta. The board's role is to monitor Delta Electronics' management team and ensure that shareholders' interests are well served. Delta Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Delta Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vichai Saksuriya | VP HR | Profile | |
| TsaiHsing Chang | Pres Director | Profile | |
| Nipaporn Jiarajareevong | Chief Officer | Profile | |
| ChinMing Chen | Chief Officer | Profile | |
| Wilailak Fungthanakun | Company Sec | Profile | |
| Tzushing Ko | Ex Director | Profile | |
| Ping Cheng | Ex Director | Profile |
Already Invested in Delta Electronics Public?
The danger of trading Delta Electronics 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 Delta Electronics 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 Delta Electronics. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Delta Electronics 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 Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Delta Electronics 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 Delta Electronics Public information on this page should be used as a complementary analysis to other Delta Electronics' 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.
Complementary Tools for Delta Stock analysis
When running Delta Electronics' price analysis, check to measure Delta Electronics' 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 Delta Electronics is operating at the current time. Most of Delta Electronics' value examination focuses on studying past and present price action to predict the probability of Delta Electronics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Delta Electronics' price. Additionally, you may evaluate how the addition of Delta Electronics to your portfolios can decrease your overall portfolio volatility.
| Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
| Balance Of Power Check stock momentum by analyzing Balance Of Power indicator and other technical ratios | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Premium Stories Follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope | |
| Content Syndication Quickly integrate customizable finance content to your own investment portal | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
| ETF Categories List of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |