KRAKATAU STEEL Correlations

07K Stock

EUR 0.01 0.00 0.00%

The current 90-days correlation between KRAKATAU STEEL B and Apple Inc is -0.09 (i.e., Good diversification). The correlation of KRAKATAU STEEL 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. If the correlation is 0, the equities are not correlated; they are entirely random.

KRAKATAU STEEL Correlation With Market

Good diversification

The correlation between KRAKATAU STEEL B and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KRAKATAU STEEL B and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with KRAKATAU Stock

0.61	AMZ	Amazon Inc	Pair Corr
0.63	0S2	UNITED URBAN INV	Pair Corr
0.67	DBPE	Xtrackers LevDAX	Pair Corr
0.61	E908	Lyxor 1	Pair Corr

Moving against KRAKATAU Stock

0.75	JUA	Japan Real Estate Split	Pair Corr
0.67	DBPD	Xtrackers ShortDAX	Pair Corr
0.66	GGG	GUDANG GARAM	Pair Corr
0.6	PKX	POSCO Holdings	Pair Corr
0.59	KSF1	SHINHAN FINL ADR1 Earnings Call This Week	Pair Corr
0.42	KBIA	KB Financial Group Earnings Call This Week	Pair Corr

Related Correlations Analysis

	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ
APC		1.0	0.99	0.99	0.7	0.7	0.7	0.73	0.72	0.65	APC
APC	1.0		1.0	0.99	0.71	0.71	0.71	0.74	0.73	0.66	APC
APC	0.99	1.0		0.99	0.71	0.72	0.71	0.74	0.73	0.67	APC
APC	0.99	0.99	0.99		0.69	0.7	0.7	0.73	0.72	0.65	APC
MSF	0.7	0.71	0.71	0.69		0.99	0.99	0.97	0.99	0.84	MSF
MSF	0.7	0.71	0.72	0.7	0.99		0.99	0.98	0.99	0.83	MSF
MSF	0.7	0.71	0.71	0.7	0.99	0.99		0.98	0.99	0.84	MSF
MSF	0.73	0.74	0.74	0.73	0.97	0.98	0.98		0.98	0.83	MSF
MSF	0.72	0.73	0.73	0.72	0.99	0.99	0.99	0.98		0.84	MSF
AMZ	0.65	0.66	0.67	0.65	0.84	0.83	0.84	0.83	0.84		AMZ
	APC	APC	APC	APC	MSF	MSF	MSF	MSF	MSF	AMZ

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Risk-Adjusted Indicators

There is a big difference between KRAKATAU Stock performing well and KRAKATAU STEEL 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 KRAKATAU STEEL'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
APC	1.00	0.12	0.01	(1.20)	1.64	(0.92)	2.22	(2.63)	7.16
APC	1.02	0.12	0.01	(0.87)	1.49	(1.00)	2.12	(2.88)	7.08
APC	1.02	0.14	0.02	(0.53)	1.50	(1.01)	2.19	(2.23)	6.61
APC	1.07	0.12	0.01	(1.83)	1.51	(1.07)	2.83	(2.01)	8.47
MSF	1.16	0.05	(0.03)	(0.16)	1.91	(1.13)	3.24	(2.31)	8.47
MSF	1.23	0.05	(0.03)	(0.27)	1.92	(1.36)	2.72	(2.02)	9.05
MSF	1.21	0.05	(0.03)	(0.12)	1.99	(1.21)	3.17	(2.61)	6.79
MSF	1.21	0.03	(0.03)	(0.20)	2.18	(1.14)	3.12	(2.22)	8.61
MSF	1.17	0.04	(0.03)	(0.30)	1.79	(1.25)	2.61	(2.73)	7.09
AMZ	1.28	0.43	0.21	(1.40)	1.09	(1.48)	2.98	(2.01)	9.60

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Our tools can tell you how much better you can do entering a position in KRAKATAU STEEL 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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