Bumi Resources Correlations
| BRMS Stock | IDR 446.00 12.00 2.76% |
The current 90-days correlation between Bumi Resources Minerals and Harum Energy Tbk is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bumi Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bumi Resources Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bumi Resources Correlation With Market
Modest diversification
The correlation between Bumi Resources Minerals and DJI is 0.29 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bumi Resources Minerals and DJI in the same portfolio, assuming nothing else is changed.
Bumi |
The ability to find closely correlated positions to Bumi Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bumi Resources 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 Bumi Resources - 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 Bumi Resources Minerals to buy it.
Moving together with Bumi Stock
| 0.64 | AKSI | Maming Enam Sembilan | PairCorr |
| 0.88 | SINI | Singaraja Putra | PairCorr |
| 0.91 | DMMX | Digital Mediatama Maxima | PairCorr |
| 0.83 | MPPA | Matahari Putra Prima | PairCorr |
Moving against Bumi Stock
| 0.9 | BRPT | Barito Pacific Tbk | PairCorr |
| 0.86 | BBKP | Bank Bukopin Tbk | PairCorr |
| 0.83 | GDST | Gunawan Dianjaya Steel | PairCorr |
| 0.65 | AGII | Aneka Gas Industri | PairCorr |
| 0.62 | ISSP | Steel Pipe Industry | PairCorr |
| 0.58 | BAJA | Saranacentral Bajatama | PairCorr |
| 0.46 | FITT | Hotel Fitra International | PairCorr |
Related Correlations Analysis
| -0.64 | -0.54 | 0.85 | 0.82 | ENRG | ||
| -0.64 | 0.8 | -0.53 | -0.47 | HRUM | ||
| -0.54 | 0.8 | -0.42 | -0.39 | DOID | ||
| 0.85 | -0.53 | -0.42 | 0.56 | BIPI | ||
| 0.82 | -0.47 | -0.39 | 0.56 | BUMI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Bumi Stock performing well and Bumi Resources 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 Bumi Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENRG | 3.12 | 0.41 | 0.08 | (6.83) | 3.15 | 6.80 | 27.15 | |||
| HRUM | 1.65 | (0.17) | 0.00 | 0.64 | 0.00 | 3.13 | 11.27 | |||
| DOID | 2.11 | (0.14) | 0.00 | (2.04) | 0.00 | 3.17 | 14.40 | |||
| BIPI | 2.69 | 0.22 | 0.02 | (0.23) | 2.76 | 5.71 | 34.54 | |||
| BUMI | 3.46 | 0.89 | 0.25 | (3.42) | 2.50 | 11.43 | 24.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bumi Resources 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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Fundamental AnalysisView fundamental data based on most recent published financial statements |
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Bumi Resources Corporate Management
Elected by the shareholders, the Bumi Resources' board of directors comprises two types of representatives: Bumi Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bumi. The board's role is to monitor Bumi Resources' management team and ensure that shareholders' interests are well served. Bumi Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bumi Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Syahrial Suandi | Acting Head of External and Government Compliance | Profile | |
| Muhammad Sulthon | Corporate Secretary | Profile | |
| Damar Kusumanto | Head Services | Profile | |
| Agoes Projosasmito | Pres Director | Profile |