Siam Cement Correlations
| SCC-R Stock | THB 238.00 87.00 26.77% |
The correlation of Siam Cement 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 Siam Cement moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Siam Cement 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.
Good diversification
The correlation between The Siam Cement 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 The Siam Cement and NYA in the same portfolio, assuming nothing else is changed.
Siam |
The ability to find closely correlated positions to Siam Cement could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Siam Cement 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 Siam Cement - 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 The Siam Cement to buy it.
Moving together with Siam Stock
| 0.96 | TOA-R | TOA PAINT | PairCorr |
| 0.99 | EPG-R | Eastern Polymer Group | PairCorr |
| 0.99 | PTL-R | Polyplex Public | PairCorr |
| 0.89 | SPCG-R | SPCG Public | PairCorr |
| 0.94 | AEONTS-R | AEON Thana Sinsap | PairCorr |
Moving against Siam Stock
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between Siam Stock performing well and Siam Cement 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 Siam Cement'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 Siam Cement 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?
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Siam Cement Corporate Management
Elected by the shareholders, the Siam Cement's board of directors comprises two types of representatives: Siam Cement inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Siam. The board's role is to monitor Siam Cement's management team and ensure that shareholders' interests are well served. Siam Cement'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, Siam Cement's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sakchai Patiparnpreechavud | Vinyl Regional | Profile | |
| Yuttana Jiamtragan | VP Admin | Profile | |
| Chantanida Sarigaphuti | VP CFO | Profile | |
| Tanawong Areeratchakul | CEO Bus | Profile | |
| Thammasak Sethaudom | Ex VP | Profile | |
| Kitti Tangjitrmaneesakda | Head Legal | Profile |
Already Invested in The Siam Cement?
The danger of trading The Siam Cement 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 Siam Cement 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 Siam Cement. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Siam Cement 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 The Siam Cement. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Complementary Tools for Siam Stock analysis
When running Siam Cement's price analysis, check to measure Siam Cement'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 Siam Cement is operating at the current time. Most of Siam Cement's value examination focuses on studying past and present price action to predict the probability of Siam Cement's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Siam Cement's price. Additionally, you may evaluate how the addition of Siam Cement to your portfolios can decrease your overall portfolio volatility.
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