Harn Engineering Correlations
| HARN Stock | THB 2.20 0.02 0.92% |
The correlation of Harn Engineering 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 Harn Engineering moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Harn Engineering Solutions 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.
Average diversification
The correlation between Harn Engineering Solutions and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Harn Engineering Solutions and NYA in the same portfolio, assuming nothing else is changed.
Harn |
The ability to find closely correlated positions to Harn Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Harn Engineering 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 Harn Engineering - 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 Harn Engineering Solutions to buy it.
Moving together with Harn Stock
| 0.83 | FTE | Firetrade Engineering | PairCorr |
| 0.65 | PHOL | Phol Dhanya Public | PairCorr |
| 0.65 | TQM-R | TQM PORATION | PairCorr |
| 0.73 | TPIPP-R | TPI POLENE POWER | PairCorr |
| 0.63 | LRH | Laguna Resorts Hotels | PairCorr |
Related Correlations Analysis
| 0.64 | 0.68 | -0.82 | 0.06 | LALIN | ||
| 0.64 | 0.83 | -0.73 | 0.11 | PT | ||
| 0.68 | 0.83 | -0.66 | 0.35 | NOBLE | ||
| -0.82 | -0.73 | -0.66 | -0.23 | MCS | ||
| 0.06 | 0.11 | 0.35 | -0.23 | MEGA | ||
| 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 Harn Stock performing well and Harn Engineering 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 Harn Engineering'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LALIN | 0.39 | (0.06) | 0.00 | 0.85 | 0.00 | 0.67 | 3.31 | |||
| PT | 0.78 | (0.06) | 0.00 | 0.66 | 0.00 | 1.63 | 5.33 | |||
| NOBLE | 0.37 | (0.09) | 0.00 | (0.57) | 0.00 | 1.56 | 2.72 | |||
| MCS | 0.89 | 0.43 | 0.42 | 1.58 | 0.00 | 2.72 | 6.82 | |||
| MEGA | 0.87 | (0.08) | 0.00 | 0.43 | 0.00 | 1.79 | 6.68 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Harn Engineering 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 Balance Of Power Now
Balance Of PowerCheck stock momentum by analyzing Balance Of Power indicator and other technical ratios |
| All Next | Launch Module |
Harn Engineering Corporate Management
Elected by the shareholders, the Harn Engineering's board of directors comprises two types of representatives: Harn Engineering inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Harn. The board's role is to monitor Harn Engineering's management team and ensure that shareholders' interests are well served. Harn Engineering'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, Harn Engineering's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Wisit Wachiralappaitoon | Chief Officer | Profile | |
| Suchat Suwatnodom | Airconditioning System | Profile | |
| Thammanoon Tripetchr | Acting CEO | Profile | |
| Varinkan Teraumranon | Chief Officer | Profile | |
| Pracha Phromphornchai | AirConditioning System | Profile | |
| Ananya Proyngoen | Accounting Mang | Profile | |
| Rattanaphan Mukhariwattananon | Airconditioning Bus | Profile |
Already Invested in Harn Engineering Solutions?
The danger of trading Harn Engineering Solutions 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 Harn Engineering 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 Harn Engineering. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Harn Engineering Sol 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Harn Engineering Solutions. 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Complementary Tools for Harn Stock analysis
When running Harn Engineering's price analysis, check to measure Harn Engineering'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 Harn Engineering is operating at the current time. Most of Harn Engineering's value examination focuses on studying past and present price action to predict the probability of Harn Engineering's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Harn Engineering's price. Additionally, you may evaluate how the addition of Harn Engineering to your portfolios can decrease your overall portfolio volatility.
| Technical Analysis Check basic technical indicators and analysis based on most latest market data | |
| Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
| Global Correlations Find global opportunities by holding instruments from different markets | |
| Idea Breakdown Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
| Share Portfolio Track or share privately all of your investments from the convenience of any device | |
| Portfolio Holdings Check your current holdings and cash postion to detemine if your portfolio needs rebalancing | |
| Insider Screener Find insiders across different sectors to evaluate their impact on performance | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Stocks Directory Find actively traded stocks across global markets |