Wulandari Bangun Correlations

BSBK Stock   50.00  0.00  0.00%   
The current 90-days correlation between Wulandari Bangun Laksana and Protech Mitra Perkasa is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Wulandari Bangun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Wulandari Bangun Laksana moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Wulandari Bangun Correlation With Market

Good diversification

The correlation between Wulandari Bangun Laksana and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Wulandari Bangun Laksana and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Wulandari Bangun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Wulandari Bangun 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 Wulandari Bangun - 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 Wulandari Bangun Laksana to buy it.

Moving together with Wulandari Stock

  0.78POLI Pollux Investasi IntPairCorr
  0.64BBRI Bank Rakyat IndonesiaPairCorr

Moving against Wulandari Stock

  0.55RISE Jaya Sukses MakmurPairCorr
  0.55POLY Asia Pacific FibersPairCorr
  0.51GOTO GoTo Gojek TokopediaPairCorr
  0.51PSKT Red Planet IndonesiaPairCorr
  0.44PANR Panorama Sentrawisata TbkPairCorr

Related Correlations Analysis

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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   
MTDLGLVA
GLVAFAST
MTDLFAST
NIROGLVA
FRENGLVA
NIROFREN
  
High negative correlations   
NIROOASA
FRENOASA
GLVAOASA
FASTOASA
FOODOASA
MTDLOASA

Risk-Adjusted Indicators

There is a big difference between Wulandari Stock performing well and Wulandari Bangun 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 Wulandari Bangun'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Wulandari Bangun 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.

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