| BKRKF Stock | | | USD 0.27 0.02 8.00% |
The current 90-days correlation between PT Bank Rakyat and Kasikornbank Public Co is 0.14 (i.e., Average diversification). The correlation of PT Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
PT Bank Correlation With Market
Good diversification
The correlation between PT Bank Rakyat and DJI is -0.19 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Bank Rakyat and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to PT Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PT Bank 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 PT Bank - 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 PT Bank Rakyat to buy it.
Moving together with BKRKF Pink Sheet
Moving against BKRKF Pink Sheet
Related Correlations Analysis
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Be your own money manager
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PT Bank Corporate Management