Krung Thai Correlations

KTB-R Stock

THB 17.40 0.20 1.14%

The current 90-days correlation between Krung Thai Bank and The Siam Commercial is -0.08 (i.e., Good diversification). The correlation of Krung Thai 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

The ability to find closely correlated positions to Krung Thai could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Krung Thai 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 Krung Thai - 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 Krung Thai Bank to buy it.

Moving together with Krung Stock

0.69	KTB	Krung Thai Bank	Pair Corr
0.76	ADVANC	Advanced Info Service	Pair Corr

Moving against Krung Stock

0.68	PTT	PTT Public	Pair Corr
0.67	PTT-R	PTT Public	Pair Corr
0.66	TTB	TMBThanachart Bank Public	Pair Corr
0.58	CIMBT	CIMB Thai Bank	Pair Corr
0.57	BAY	Bank of Ayudhya	Pair Corr
0.56	PTTEP	PTT Exploration	Pair Corr
0.41	KKP	Kiatnakin Phatra Bank	Pair Corr
0.39	TCAP	Thanachart Capital Public	Pair Corr

Related Correlations Analysis

	SCB-R	KBANK-R	SCC-R	TMD	HENG	PAP	KYE	SCAP	GLD	TRC
SCB-R		0.13	-0.08	0.06	-0.11	0.08	0.06	-0.07	-0.02	-0.08	SCB-R
KBANK-R	0.13		0.47	0.43	-0.11	0.4	0.26	0.13	0.49	0.1	KBANK-R
SCC-R	-0.08	0.47		0.52	-0.55	-0.19	0.38	-0.38	0.83	-0.34	SCC-R
TMD	0.06	0.43	0.52		-0.69	-0.42	0.72	-0.57	0.44	-0.66	TMD
HENG	-0.11	-0.11	-0.55	-0.69		0.77	-0.62	0.94	-0.44	0.93	HENG
PAP	0.08	0.4	-0.19	-0.42	0.77		-0.38	0.88	-0.09	0.87	PAP
KYE	0.06	0.26	0.38	0.72	-0.62	-0.38		-0.56	0.27	-0.66	KYE
SCAP	-0.07	0.13	-0.38	-0.57	0.94	0.88	-0.56		-0.27	0.96	SCAP
GLD	-0.02	0.49	0.83	0.44	-0.44	-0.09	0.27	-0.27		-0.24	GLD
TRC	-0.08	0.1	-0.34	-0.66	0.93	0.87	-0.66	0.96	-0.24		TRC
	SCB-R	KBANK-R	SCC-R	TMD	HENG	PAP	KYE	SCAP	GLD	TRC

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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

TRC	+ 0.96	SCAP
SCAP	+ 0.94	HENG
TRC	+ 0.93	HENG
SCAP	+ 0.88	PAP
TRC	+ 0.87	PAP
GLD	+ 0.83	SCC-R

High negative correlations

HENG	- 0.69	TMD
TRC	- 0.66	KYE
TRC	- 0.66	TMD
KYE	- 0.62	HENG
SCAP	- 0.57	TMD
SCAP	- 0.56	KYE

Risk-Adjusted Indicators

There is a big difference between Krung Stock performing well and Krung Thai 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 Krung Thai'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
SCB-R	0.35	(0.07)	0.00	3.49	0.00	0.00	0.00	0.00	7.72
KBANK-R	0.71	0.02	0.04	2.13	0.82	(0.89)	1.60	(1.57)	5.15
SCC-R	0.03	0.01	0.00	(0.13)	0.00	0.00	0.00	0.00	1.09
TMD	0.37	0.05	0.08	(0.22)	0.36	(0.88)	1.24	(0.82)	4.86
HENG	1.61	(0.72)	0.00	8.52	0.00	0.00	1.90	(4.20)	11.44
PAP	0.95	(0.24)	0.00	1.10	0.00	0.00	1.74	(3.42)	9.23
KYE	0.42	0.06	0.09	(1.84)	0.45	(0.67)	1.25	(0.94)	3.09
SCAP	1.60	(0.85)	0.00	1.02	0.00	0.00	2.19	(4.29)	21.36
GLD	0.60	0.13	0.08	0.87	0.74	(1.07)	1.72	(1.72)	6.92
TRC	3.63	(1.17)	0.00	2.60	0.00	0.00	6.67	(8.70)	43.08

Be your own money manager

Our tools can tell you how much better you can do entering a position in Krung Thai 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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Krung Thai Corporate Management

Elected by the shareholders, the Krung Thai's board of directors comprises two types of representatives: Krung Thai inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Krung. The board's role is to monitor Krung Thai's management team and ensure that shareholders' interests are well served. Krung Thai'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, Krung Thai's outside directors are responsible for providing unbiased perspectives on the board's policies.

Pongsit Chaichutpornsuk	Head EVP	Profile
Poonnis Sakuntanaga	Ex Director	Profile
Santi Parivisutt	EVP Group	Profile
Kanok Suwanaratana	First Accountant	Profile
Payong Srivanich	CEO Pres	Profile
Krairit Euchukanonchai	Ex Chairman	Profile
Saranya Vejakul	EVP CFO	Profile

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