Asuransi Bina Correlations
| ABDA Stock | IDR 3,800 260.00 6.40% |
The current 90-days correlation between Asuransi Bina Dana and Asuransi Ramayana Tbk is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asuransi Bina moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asuransi Bina Dana moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Asuransi Bina Correlation With Market
Significant diversification
The correlation between Asuransi Bina Dana and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asuransi Bina Dana and DJI in the same portfolio, assuming nothing else is changed.
Asuransi |
The ability to find closely correlated positions to Asuransi Bina could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Asuransi Bina 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 Asuransi Bina - 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 Asuransi Bina Dana to buy it.
Moving against Asuransi Stock
Related Correlations Analysis
| 0.52 | 0.67 | 0.62 | 0.65 | ASDM | ||
| 0.52 | 0.79 | 0.73 | 0.63 | AHAP | ||
| 0.67 | 0.79 | 0.89 | 0.88 | ASBI | ||
| 0.62 | 0.73 | 0.89 | 0.85 | ASRM | ||
| 0.65 | 0.63 | 0.88 | 0.85 | AMAG | ||
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Risk-Adjusted Indicators
There is a big difference between Asuransi Stock performing well and Asuransi Bina 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 Asuransi Bina'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASDM | 0.84 | (0.04) | 0.00 | (4.24) | 0.00 | 1.64 | 4.81 | |||
| AHAP | 1.43 | (0.38) | 0.00 | 5.97 | 0.00 | 3.09 | 10.05 | |||
| ASBI | 3.17 | (0.59) | 0.00 | 0.51 | 0.00 | 8.90 | 33.19 | |||
| ASRM | 0.85 | (0.15) | 0.00 | (0.63) | 0.00 | 1.62 | 6.12 | |||
| AMAG | 0.69 | (0.06) | 0.00 | (7.11) | 0.00 | 1.20 | 3.56 |
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Asuransi Bina Corporate Management
Elected by the shareholders, the Asuransi Bina's board of directors comprises two types of representatives: Asuransi Bina inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Asuransi. The board's role is to monitor Asuransi Bina's management team and ensure that shareholders' interests are well served. Asuransi Bina'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, Asuransi Bina's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Se As | Head AH | Profile | |
| Iwan Kurniawan | Head Division | Profile | |
| Mona Djajasaputra | Head Fin | Profile | |
| Liani Chandra | Head Accounting | Profile | |
| Dian Andiani | Head HR | Profile | |
| Marianty Santoso | Head Compliance | Profile |