Trimitra Prawara Correlations

ATAP Stock

IDR 25.00 1.00 3.85%

The current 90-days correlation between Trimitra Prawara Goldland and Repower Asia Indonesia is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Trimitra Prawara moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Trimitra Prawara Goldland moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Trimitra Prawara Correlation With Market

Average diversification

The correlation between Trimitra Prawara Goldland and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Trimitra Prawara Goldland and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Trimitra Prawara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Trimitra Prawara 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 Trimitra Prawara - 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 Trimitra Prawara Goldland to buy it.

Moving together with Trimitra Stock

0.84

ASPI

Andalan Sakti Primaindo

Pair Corr

Moving against Trimitra Stock

0.73	PNBN	Bank Pan Indonesia	Pair Corr
0.66	INDF	PT Indofood Sukses	Pair Corr
0.57	BLTZ	Graha Layar Prima	Pair Corr
0.55	AMRT	Sumber Alfaria Trijaya	Pair Corr
0.55	WOOD	Integra Indocabinet Tbk	Pair Corr
0.5	DEWA	Darma Henwa Tbk	Pair Corr
0.5	BNBR	Bakrie Brothers Tbk	Pair Corr
0.46	ELTY	Bakrieland Development	Pair Corr

Related Correlations Analysis

	REAL	KOTA	DADA	WOOD	MASA	IATA	PSAB	ADRO	BIPP	MBAP
REAL		0.67	0.72	-0.63	0.0	0.72	-0.46	-0.27	-0.74	0.73	REAL
KOTA	0.67		0.64	-0.53	0.0	0.73	-0.51	-0.54	-0.59	0.55	KOTA
DADA	0.72	0.64		-0.44	0.0	0.53	-0.32	-0.31	-0.59	0.67	DADA
WOOD	-0.63	-0.53	-0.44		0.0	-0.69	0.77	0.41	0.69	-0.37	WOOD
MASA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MASA
IATA	0.72	0.73	0.53	-0.69	0.0		-0.63	-0.59	-0.7	0.4	IATA
PSAB	-0.46	-0.51	-0.32	0.77	0.0	-0.63		0.43	0.54	-0.22	PSAB
ADRO	-0.27	-0.54	-0.31	0.41	0.0	-0.59	0.43		0.59	-0.12	ADRO
BIPP	-0.74	-0.59	-0.59	0.69	0.0	-0.7	0.54	0.59		-0.59	BIPP
MBAP	0.73	0.55	0.67	-0.37	0.0	0.4	-0.22	-0.12	-0.59		MBAP
	REAL	KOTA	DADA	WOOD	MASA	IATA	PSAB	ADRO	BIPP	MBAP

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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

PSAB	+ 0.77	WOOD
MBAP	+ 0.73	REAL
IATA	+ 0.73	KOTA
DADA	+ 0.72	REAL
IATA	+ 0.72	REAL
BIPP	+ 0.69	WOOD

High negative correlations

BIPP	- 0.74	REAL
BIPP	- 0.7	IATA
IATA	- 0.69	WOOD
PSAB	- 0.63	IATA
WOOD	- 0.63	REAL
MBAP	- 0.59	BIPP

Risk-Adjusted Indicators

There is a big difference between Trimitra Stock performing well and Trimitra Prawara 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 Trimitra Prawara'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
REAL	4.74	0.51	0.05	0.52	4.87	(11.86)	12.50	(11.11)	29.17
KOTA	4.49	0.03	(0.01)	0.26	5.24	(10.64)	11.11	(10.00)	22.22
DADA	4.04	0.22	0.01	1.47	5.08	(13.57)	14.29	(12.50)	26.79
WOOD	1.91	0.33	0.10	(3.09)	1.67	(2.58)	4.49	(3.28)	23.44
MASA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IATA	2.41	(0.20)	(0.03)	0.01	2.75	(4.45)	7.69	(4.55)	19.64
PSAB	3.47	0.63	0.14	0.86	3.55	(4.43)	10.84	(6.34)	32.59
ADRO	1.59	0.16	0.03	1.01	1.87	(1.83)	3.44	(2.93)	14.99
BIPP	2.58	0.19	0.01	(0.54)	2.85	(4.90)	7.41	(6.67)	15.10
MBAP	1.27	(0.01)	(0.07)	(0.02)	1.48	(1.83)	2.36	(3.17)	17.06

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Our tools can tell you how much better you can do entering a position in Trimitra Prawara 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.

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