Berlian Laju Correlations
| BLTA Stock | IDR 21.00 1.00 5.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Berlian Laju moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Berlian Laju Tanker moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Berlian Laju Correlation With Market
Significant diversification
The correlation between Berlian Laju Tanker 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 Berlian Laju Tanker and DJI in the same portfolio, assuming nothing else is changed.
Berlian |
The ability to find closely correlated positions to Berlian Laju could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Berlian Laju 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 Berlian Laju - 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 Berlian Laju Tanker to buy it.
Moving together with Berlian Stock
Moving against Berlian Stock
Related Correlations Analysis
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