Akbar Indomakmur Correlations
| AIMS Stock | IDR 474.00 6.00 1.25% |
The current 90-days correlation between Akbar Indomakmur Stimec and Arthavest Tbk is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Akbar Indomakmur moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Akbar Indomakmur Stimec moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Akbar Indomakmur Correlation With Market
Significant diversification
The correlation between Akbar Indomakmur Stimec 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 Akbar Indomakmur Stimec and DJI in the same portfolio, assuming nothing else is changed.
Akbar |
The ability to find closely correlated positions to Akbar Indomakmur could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akbar Indomakmur 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 Akbar Indomakmur - 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 Akbar Indomakmur Stimec to buy it.
Moving against Akbar Stock
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Risk-Adjusted Indicators
There is a big difference between Akbar Stock performing well and Akbar Indomakmur 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 Akbar Indomakmur'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BAYU | 0.79 | (0.02) | 0.00 | 0.18 | 0.00 | 2.03 | 6.66 | |||
| ALKA | 2.76 | 0.31 | 0.08 | 0.48 | 3.05 | 2.63 | 40.80 | |||
| ABBA | 2.89 | 0.02 | (0.01) | 0.17 | 3.09 | 8.33 | 18.50 | |||
| ARTA | 0.96 | (0.04) | 0.00 | 0.35 | 0.00 | 1.96 | 5.20 | |||
| AKPI | 1.81 | (0.15) | 0.00 | (0.06) | 0.00 | 3.13 | 41.42 |
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