Advanced Info Correlations
| ADVANC-R | THB 197.50 24.66 11.10% |
The correlation of Advanced Info 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 Advanced Info moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Advanced Info Service 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.
Modest diversification
The correlation between Advanced Info Service and NYA is 0.25 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Advanced Info Service and NYA in the same portfolio, assuming nothing else is changed.
Advanced |
The ability to find closely correlated positions to Advanced Info could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Advanced Info 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 Advanced Info - 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 Advanced Info Service to buy it.
Related Correlations Analysis
| 0.42 | -0.74 | -0.87 | 0.48 | ILINK | ||
| 0.42 | -0.35 | -0.35 | 0.31 | JMART | ||
| -0.74 | -0.35 | 0.74 | -0.53 | INET | ||
| -0.87 | -0.35 | 0.74 | -0.51 | JAS | ||
| 0.48 | 0.31 | -0.53 | -0.51 | HUMAN | ||
| 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 Advanced Stock performing well and Advanced Info 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 Advanced Info'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ILINK | 0.90 | (0.07) | 0.00 | 5.42 | 0.00 | 1.96 | 8.89 | |||
| JMART | 1.66 | (0.03) | 0.00 | 0.39 | 0.00 | 4.73 | 16.36 | |||
| INET | 0.98 | 0.27 | 0.16 | 0.89 | 0.79 | 3.00 | 6.60 | |||
| JAS | 2.23 | 0.70 | 0.17 | 0.93 | 2.46 | 6.48 | 27.01 | |||
| HUMAN | 1.37 | (0.01) | (0.02) | 0.02 | 1.72 | 3.33 | 10.11 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Advanced Info 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 Stocks Directory Now
Stocks DirectoryFind actively traded stocks across global markets |
| All Next | Launch Module |
Advanced Info Corporate Management
Elected by the shareholders, the Advanced Info's board of directors comprises two types of representatives: Advanced Info inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Advanced. The board's role is to monitor Advanced Info's management team and ensure that shareholders' interests are well served. Advanced Info'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, Advanced Info's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Somchai Lertsutiwong | Acting CEO | Profile | |
| Sanjay Thomas | Chief Officer | Profile | |
| Tee Seeumpornroj | Chief Officer | Profile | |
| Tachahat Hemakul | Head Department | Profile | |
| Kriengsak Wanichnatee | Chief Officer | Profile | |
| Pratthana Leelapanang | Chief Officer | Profile | |
| Montri Khongkruephan | Head Unit | Profile |
Already Invested in Advanced Info Service?
The danger of trading Advanced Info Service 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 Advanced Info 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 Advanced Info. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Advanced Info Service 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Advanced Info Service. 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 Search module to search for actively traded equities including funds and ETFs from over 30 global markets.
Complementary Tools for Advanced Stock analysis
When running Advanced Info's price analysis, check to measure Advanced Info'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 Advanced Info is operating at the current time. Most of Advanced Info's value examination focuses on studying past and present price action to predict the probability of Advanced Info's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Advanced Info's price. Additionally, you may evaluate how the addition of Advanced Info to your portfolios can decrease your overall portfolio volatility.
| Portfolio Comparator Compare the composition, asset allocations and performance of any two portfolios in your account | |
| Price Transformation Use Price Transformation models to analyze the depth of different equity instruments across global markets | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Bonds Directory Find actively traded corporate debentures issued by US companies |