Rojana Industrial Correlations
| ROJNA Stock | THB 7.35 0.15 2.00% |
The correlation of Rojana Industrial 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 Rojana Industrial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Rojana Industrial Park 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 Rojana Industrial Park 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 Rojana Industrial Park and NYA in the same portfolio, assuming nothing else is changed.
Rojana |
The ability to find closely correlated positions to Rojana Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Rojana Industrial 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 Rojana Industrial - 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 Rojana Industrial Park to buy it.
Moving together with Rojana Stock
Moving against Rojana Stock
| 0.74 | METCO | Muramoto Electron Public | PairCorr |
| 0.6 | ADVANC | Advanced Info Service | PairCorr |
| 0.48 | ALUCON | Alucon Public | PairCorr |
| 0.43 | BKI | Bangkok Insurance Public | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Rojana Industrial 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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Rojana Industrial Corporate Directors
Rojana Industrial corporate directors refer to members of a Rojana Industrial board of directors. The board of directors generally takes responsibility for the Rojana Industrial's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Rojana Industrial's board members must vote for the resolution. The Rojana Industrial board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Phong Sarasin | Director, Independent Director | Profile | |
| Anuwat Maytheewibulwut | Independent Director | Profile | |
| Yasushi Takezawa | Director | Profile | |
| Amara Charoenkitwatthanakun | Independent Director | Profile |
Already Invested in Rojana Industrial Park?
The danger of trading Rojana Industrial Park 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 Rojana Industrial 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 Rojana Industrial. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Rojana Industrial Park 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Rojana Industrial Park. 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 Rojana Industrial Park information on this page should be used as a complementary analysis to other Rojana Industrial's 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.
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When running Rojana Industrial's price analysis, check to measure Rojana Industrial'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 Rojana Industrial is operating at the current time. Most of Rojana Industrial's value examination focuses on studying past and present price action to predict the probability of Rojana Industrial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Rojana Industrial's price. Additionally, you may evaluate how the addition of Rojana Industrial to your portfolios can decrease your overall portfolio volatility.
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