Bank Negara Correlations
| BBNI Stock | IDR 4,490 10.00 0.22% |
The current 90-days correlation between Bank Negara Indonesia and Bank Mandiri Persero is 0.76 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bank Negara moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Negara Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bank Negara Correlation With Market
Significant diversification
The correlation between Bank Negara Indonesia 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 Bank Negara Indonesia and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bank Negara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Negara 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 Bank Negara - 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 Bank Negara Indonesia to buy it.
Moving together with Bank Stock
Moving against Bank Stock
| 0.85 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.84 | BESS | Batulicin Nusantara | PairCorr |
| 0.79 | ARKA | Arkha Jayanti Persada | PairCorr |
| 0.77 | MYOH | Samindo Resources Tbk | PairCorr |
| 0.74 | DMMX | Digital Mediatama Maxima | PairCorr |
| 0.71 | ADRO | Adaro Energy Tbk | PairCorr |
| 0.61 | ALDO | Alkindo Naratama Tbk | PairCorr |
| 0.58 | LAPD | Leyand International Tbk | PairCorr |
| 0.55 | CTBN | PT Citra Tubindo | PairCorr |
| 0.55 | HITS | Humpuss Intermoda | PairCorr |
| 0.5 | MAPA | MAP Aktif Adiperkasa | PairCorr |
| 0.49 | DIGI | Arkadia Digital Media | PairCorr |
| 0.46 | PADI | Minna Padi Investama | PairCorr |
| 0.31 | SGRO | Sampoerna Agro Tbk | PairCorr |
Related Correlations Analysis
| 0.95 | 0.87 | 0.57 | 0.78 | BMRI | ||
| 0.95 | 0.82 | 0.42 | 0.77 | BBRI | ||
| 0.87 | 0.82 | 0.62 | 0.77 | BBCA | ||
| 0.57 | 0.42 | 0.62 | 0.46 | ASII | ||
| 0.78 | 0.77 | 0.77 | 0.46 | TLKM | ||
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Risk-Adjusted Indicators
There is a big difference between Bank Stock performing well and Bank Negara 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 Bank Negara'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BMRI | 1.67 | (0.23) | 0.00 | 6.04 | 0.00 | 3.21 | 9.85 | |||
| BBRI | 1.40 | (0.21) | 0.00 | 1.81 | 0.00 | 3.19 | 7.68 | |||
| BBCA | 1.19 | (0.11) | 0.00 | (1.31) | 0.00 | 2.73 | 7.01 | |||
| ASII | 1.26 | (0.01) | (0.02) | 0.38 | 1.47 | 3.66 | 8.53 | |||
| TLKM | 1.67 | (0.15) | 0.00 | (0.37) | 0.00 | 3.40 | 12.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank Negara 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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