Dunia Virtual Correlations
| AREA Stock | 206.00 2.00 0.98% |
The current 90-days correlation between Dunia Virtual Online and Galva Technologies Tbk is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dunia Virtual moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dunia Virtual Online moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Dunia Virtual Correlation With Market
Good diversification
The correlation between Dunia Virtual Online and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dunia Virtual Online and DJI in the same portfolio, assuming nothing else is changed.
Dunia |
The ability to find closely correlated positions to Dunia Virtual could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dunia Virtual 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 Dunia Virtual - 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 Dunia Virtual Online to buy it.
Moving together with Dunia Stock
| 0.7 | BBCA | Bank Central Asia | PairCorr |
| 0.71 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.8 | ASII | Astra International Tbk | PairCorr |
| 0.81 | TPIA | Chandra Asri Petroch | PairCorr |
| 0.73 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.68 | UNVR | Unilever Indonesia Tbk | PairCorr |
| 0.71 | AMRT | Sumber Alfaria Trijaya | PairCorr |
| 0.64 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
Moving against Dunia Stock
Related Correlations Analysis
| -0.4 | 0.26 | 0.0 | -0.54 | 0.0 | -0.66 | GLVA | ||
| -0.4 | -0.39 | 0.0 | 0.07 | 0.0 | 0.14 | DMMX | ||
| 0.26 | -0.39 | 0.0 | -0.16 | 0.0 | -0.2 | TPIA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | TECH | ||
| -0.54 | 0.07 | -0.16 | 0.0 | 0.0 | 0.28 | VIVA | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | KRAH | ||
| -0.66 | 0.14 | -0.2 | 0.0 | 0.28 | 0.0 | DIGI | ||
| 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 Dunia Stock performing well and Dunia Virtual 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 Dunia Virtual'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLVA | 1.33 | (0.12) | 0.00 | (2.30) | 0.00 | 3.14 | 14.20 | |||
| DMMX | 4.11 | 0.18 | 0.05 | 0.19 | 3.65 | 10.27 | 31.31 | |||
| TPIA | 2.41 | (0.23) | 0.00 | 0.75 | 0.00 | 8.58 | 19.07 | |||
| TECH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| VIVA | 2.39 | 1.33 | 0.00 | 5.12 | 0.00 | 11.11 | 8.33 | |||
| KRAH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DIGI | 2.17 | 0.16 | 0.01 | (9.99) | 2.67 | 7.14 | 14.29 |
Dunia Virtual Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Dunia Virtual stock to make a market-neutral strategy. Peer analysis of Dunia Virtual could also be used in its relative valuation, which is a method of valuing Dunia Virtual by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |