Asuransi Ramayana Correlations
| ASRM Stock | IDR 328.00 12.00 3.53% |
The current 90-days correlation between Asuransi Ramayana Tbk and Asuransi Bina Dana is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Asuransi Ramayana moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Asuransi Ramayana Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Asuransi Ramayana Correlation With Market
Significant diversification
The correlation between Asuransi Ramayana Tbk and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Asuransi Ramayana Tbk and DJI in the same portfolio, assuming nothing else is changed.
Asuransi |
The ability to find closely correlated positions to Asuransi Ramayana 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 Ramayana 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 Ramayana - 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 Ramayana Tbk to buy it.
Moving together with Asuransi Stock
| 0.83 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.87 | BMRI | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.73 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.86 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.79 | BBCA | Bank Central Asia Earnings Call Today | PairCorr |
| 0.84 | AMRT | Sumber Alfaria Trijaya | PairCorr |
| 0.87 | BBNI | Bank Negara Indonesia Earnings Call Today | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Asuransi Stock performing well and Asuransi Ramayana 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 Ramayana'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASBI | 3.57 | (1.02) | 0.00 | 1.94 | 0.00 | 8.90 | 33.19 | |||
| ASDM | 0.80 | (0.03) | 0.00 | (0.36) | 0.00 | 1.64 | 4.03 | |||
| ABDA | 0.19 | (0.11) | 0.00 | (1.36) | 0.00 | 0.00 | 6.40 | |||
| ASJT | 1.35 | (0.03) | 0.00 | (0.11) | 0.00 | 2.70 | 11.63 | |||
| AHAP | 1.39 | (0.33) | 0.00 | (2.32) | 0.00 | 2.30 | 10.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Asuransi Ramayana 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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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Asuransi Ramayana Corporate Management
Elected by the shareholders, the Asuransi Ramayana's board of directors comprises two types of representatives: Asuransi Ramayana 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 Ramayana's management team and ensure that shareholders' interests are well served. Asuransi Ramayana'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 Ramayana's outside directors are responsible for providing unbiased perspectives on the board's policies.