TQM Public Correlations
| TQM Stock | 25.00 0.25 0.99% |
The correlation of TQM Public 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 TQM Public moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if TQM Public 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 TQM Public 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 TQM Public and NYA in the same portfolio, assuming nothing else is changed.
TQM |
The ability to find closely correlated positions to TQM Public could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace TQM Public 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 TQM Public - 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 TQM Public to buy it.
Moving together with TQM Stock
Moving against TQM Stock
| 0.82 | PTTEP | PTT Exploration | PairCorr |
| 0.74 | CPALL | CP ALL Public | PairCorr |
| 0.71 | PTT-R | PTT Public | PairCorr |
| 0.71 | CPALL-R | CP ALL Public | PairCorr |
| 0.7 | PTT | PTT Public | PairCorr |
| 0.68 | ASN | ASN Broker Public | PairCorr |
| 0.57 | TTB | TMBThanachart Bank Public | PairCorr |
| 0.48 | TQM-R | TQM PORATION | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in TQM Public 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 Bonds Directory Now
Bonds DirectoryFind actively traded corporate debentures issued by US companies |
| All Next | Launch Module |
TQM Public Corporate Management
Elected by the shareholders, the TQM Public's board of directors comprises two types of representatives: TQM Public inside directors who are chosen from within the company, and outside directors, selected externally and held independent of TQM. The board's role is to monitor TQM Public's management team and ensure that shareholders' interests are well served. TQM Public'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, TQM Public's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Napassanun Punnipa | CEO Director | Profile | |
| Ratana Punnipa | Chief Director | Profile | |
| Somporn Ampaisutthipong | CFO Director | Profile | |
| Aumaraporn Vaiyavatjamai | VP Accounting | Profile | |
| Ampon Oniam | COO Director | Profile | |
| Nikom Chankong | Ex Affairs | Profile | |
| Unchalin Punnipa | Chairman Pres | Profile |
Already Invested in TQM Public?
The danger of trading TQM Public 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 TQM Public 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 TQM Public. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile TQM Public 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 TQM Public. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for TQM Stock analysis
When running TQM Public's price analysis, check to measure TQM Public'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 TQM Public is operating at the current time. Most of TQM Public's value examination focuses on studying past and present price action to predict the probability of TQM Public's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move TQM Public's price. Additionally, you may evaluate how the addition of TQM Public to your portfolios can decrease your overall portfolio volatility.
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
| Equity Valuation Check real value of public entities based on technical and fundamental data | |
| Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Global Markets Map Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| FinTech Suite Use AI to screen and filter profitable investment opportunities | |
| My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |