Adaro Energy Correlations
| ADRO Stock | IDR 2,300 40.00 1.71% |
The current 90-days correlation between Adaro Energy Tbk and Bukit Asam Tbk is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adaro Energy moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adaro Energy Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Adaro Energy Correlation With Market
Good diversification
The correlation between Adaro Energy Tbk and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adaro Energy Tbk and DJI in the same portfolio, assuming nothing else is changed.
Adaro |
The ability to find closely correlated positions to Adaro Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adaro Energy 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 Adaro Energy - 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 Adaro Energy Tbk to buy it.
Moving against Adaro Stock
| 0.82 | ASRM | Asuransi Ramayana Tbk | PairCorr |
| 0.81 | BNBA | Bank Bumi Arta | PairCorr |
| 0.77 | IMAS | Indomobil Sukses Int | PairCorr |
| 0.72 | EDGE | Indointernet Tbk | PairCorr |
| 0.67 | MKPI | Metropolitan Kentjana Tbk | PairCorr |
| 0.66 | ASDM | Asuransi Dayin Mitra | PairCorr |
| 0.5 | MTDL | Metrodata Electronics Tbk | PairCorr |
| 0.48 | BACA | Bank Capital Indonesia | PairCorr |
Related Correlations Analysis
| 0.73 | -0.46 | -0.07 | 0.71 | PTBA | ||
| 0.73 | -0.15 | -0.13 | 0.56 | ANTM | ||
| -0.46 | -0.15 | -0.01 | -0.34 | PGAS | ||
| -0.07 | -0.13 | -0.01 | 0.29 | ITMG | ||
| 0.71 | 0.56 | -0.34 | 0.29 | ASII | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Adaro Stock performing well and Adaro Energy 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 Adaro Energy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTBA | 1.27 | (0.22) | 0.00 | (0.59) | 0.00 | 2.91 | 7.96 | |||
| ANTM | 1.96 | (0.26) | 0.00 | 2.27 | 0.00 | 3.28 | 12.68 | |||
| PGAS | 1.57 | 0.07 | 0.00 | 0.41 | 1.74 | 3.99 | 11.61 | |||
| ITMG | 0.98 | (0.01) | (0.07) | (0.01) | 1.18 | 2.17 | 5.57 | |||
| ASII | 1.25 | (0.11) | 0.00 | (0.35) | 0.00 | 3.43 | 8.53 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Adaro Energy 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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Adaro Energy Corporate Management
Elected by the shareholders, the Adaro Energy's board of directors comprises two types of representatives: Adaro Energy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adaro. The board's role is to monitor Adaro Energy's management team and ensure that shareholders' interests are well served. Adaro Energy'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, Adaro Energy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Febriati Nadira | Head - Corporate Communication Division | Profile | |
| Ray Aryaputra | Head - Corporate Legal Counsel Group VI | Profile | |
| Mahardika Putranto | Corporate Secretary and Investor Relations Division | Profile | |
| Mahardika Hadikusumo | Head Sec | Profile | |
| Hendri Tamrin | Head - Marketing Division | Profile |