Alkindo Naratama Correlations
| ALDO Stock | IDR 585.00 15.00 2.50% |
The current 90-days correlation between Alkindo Naratama Tbk and Kabelindo Murni Tbk is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alkindo Naratama moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alkindo Naratama Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Alkindo Naratama Correlation With Market
Average diversification
The correlation between Alkindo Naratama Tbk and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alkindo Naratama Tbk and DJI in the same portfolio, assuming nothing else is changed.
Alkindo |
The ability to find closely correlated positions to Alkindo Naratama could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alkindo Naratama 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 Alkindo Naratama - 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 Alkindo Naratama Tbk to buy it.
Moving together with Alkindo Stock
Moving against Alkindo Stock
| 0.91 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.89 | BRPT | Barito Pacific Tbk | PairCorr |
| 0.85 | GDST | Gunawan Dianjaya Steel | PairCorr |
| 0.85 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.78 | BNGA | Bank Cimb Niaga | PairCorr |
| 0.74 | AGII | Aneka Gas Industri | PairCorr |
| 0.74 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.73 | ISSP | Steel Pipe Industry | PairCorr |
| 0.53 | BNLI | Bank Permata Tbk | PairCorr |
| 0.48 | BAJA | Saranacentral Bajatama | PairCorr |
| 0.43 | BBCA | Bank Central Asia | PairCorr |
Related Correlations Analysis
| -0.1 | -0.18 | 0.08 | -0.17 | KICI | ||
| -0.1 | -0.49 | -0.68 | 0.44 | LMPI | ||
| -0.18 | -0.49 | 0.75 | -0.01 | KBLM | ||
| 0.08 | -0.68 | 0.75 | -0.22 | MRAT | ||
| -0.17 | 0.44 | -0.01 | -0.22 | IGAR | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Alkindo Stock performing well and Alkindo Naratama 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 Alkindo Naratama'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KICI | 2.86 | 0.26 | 0.02 | (0.40) | 3.21 | 5.41 | 45.24 | |||
| LMPI | 4.41 | 1.41 | 0.31 | 4.51 | 2.33 | 34.41 | 42.22 | |||
| KBLM | 1.12 | (0.20) | 0.00 | (0.44) | 0.00 | 2.65 | 7.08 | |||
| MRAT | 1.41 | (0.68) | 0.00 | 7.34 | 0.00 | 2.07 | 8.74 | |||
| IGAR | 0.56 | (0.03) | (0.12) | (0.04) | 0.67 | 1.41 | 4.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alkindo Naratama 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 Price Exposure Probability Now
Price Exposure ProbabilityAnalyze equity upside and downside potential for a given time horizon across multiple markets |
| All Next | Launch Module |
Alkindo Naratama Corporate Management
Elected by the shareholders, the Alkindo Naratama's board of directors comprises two types of representatives: Alkindo Naratama inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alkindo. The board's role is to monitor Alkindo Naratama's management team and ensure that shareholders' interests are well served. Alkindo Naratama'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, Alkindo Naratama's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dermawan Purba | Head Mang | Profile | |
| Hamada Instata | Sales Mang | Profile | |
| Diana Tristianti | Head Audit | Profile | |
| Yenny Verawaty | Accounting Mang | Profile | |
| Susan Sutanto | Financial Mang | Profile |