Benakat Petroleum Correlations
| BIPI Stock | IDR 73.00 2.00 2.67% |
The current 90-days correlation between Benakat Petroleum Energy and Petrosea Tbk is -0.14 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Benakat Petroleum moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Benakat Petroleum Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Benakat Petroleum Correlation With Market
Good diversification
The correlation between Benakat Petroleum Energy and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Benakat Petroleum Energy and DJI in the same portfolio, assuming nothing else is changed.
Benakat |
The ability to find closely correlated positions to Benakat Petroleum could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Benakat Petroleum 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 Benakat Petroleum - 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 Benakat Petroleum Energy to buy it.
Moving together with Benakat Stock
Moving against Benakat Stock
| 0.62 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.51 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.42 | BNGA | Bank Cimb Niaga | PairCorr |
| 0.31 | BBNI | Bank Negara Indonesia | PairCorr |
Related Correlations Analysis
| 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 Benakat Stock performing well and Benakat Petroleum 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 Benakat Petroleum'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PTRO | 3.55 | 1.31 | 0.40 | (4.69) | 2.43 | 10.24 | 30.22 | |||
| HRUM | 1.69 | (0.18) | 0.00 | 0.62 | 0.00 | 3.13 | 11.27 | |||
| PKPK | 4.13 | 1.55 | 0.24 | (52.96) | 3.63 | 22.15 | 46.54 | |||
| MYOH | 1.12 | 0.12 | 0.00 | (0.49) | 1.26 | 3.38 | 9.40 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Benakat Petroleum 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 Portfolio Holdings Now
Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
| All Next | Launch Module |
Benakat Petroleum Corporate Management
Elected by the shareholders, the Benakat Petroleum's board of directors comprises two types of representatives: Benakat Petroleum inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Benakat. The board's role is to monitor Benakat Petroleum's management team and ensure that shareholders' interests are well served. Benakat Petroleum'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, Benakat Petroleum's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Arfianti Ngantung | Head Affairs | Profile | |
| Inka Windarti | Head Unit | Profile | |
| Ismail Novel | Head Devel | Profile | |
| Kurniawati Budiman | Corporate Secretary | Profile | |
| Ferdy Yustianto | Operational Director | Profile |