Bayan Resources Correlations
| BYAN Stock | IDR 20,475 25.00 0.12% |
The current 90-days correlation between Bayan Resources Tbk and Indo Tambangraya Megah is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bayan Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bayan Resources Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bayan Resources Correlation With Market
Significant diversification
The correlation between Bayan Resources Tbk and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bayan Resources Tbk and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bayan 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 Bayan 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 Bayan 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 Bayan Resources Tbk to buy it.
Moving together with Bayan Stock
| 0.81 | CTBN | PT Citra Tubindo | PairCorr |
| 0.82 | BESS | Batulicin Nusantara | PairCorr |
| 0.88 | ADRO | Adaro Energy Tbk | PairCorr |
| 0.61 | ALDO | Alkindo Naratama Tbk | PairCorr |
| 0.63 | HITS | Humpuss Intermoda | PairCorr |
| 0.84 | ARKA | Arkha Jayanti Persada | PairCorr |
| 0.95 | MYOH | Samindo Resources Tbk | PairCorr |
Moving against Bayan Stock
| 0.92 | MBAP | Mitrabara Adiperdana | PairCorr |
| 0.87 | MCOL | Prima Andalan Mandiri | PairCorr |
| 0.78 | SGER | Sumber Global Energy | PairCorr |
Related Correlations Analysis
| -0.51 | 0.53 | -0.08 | -0.35 | ITMG | ||
| -0.51 | -0.51 | 0.42 | 0.63 | INDY | ||
| 0.53 | -0.51 | -0.57 | -0.75 | DEWA | ||
| -0.08 | 0.42 | -0.57 | 0.84 | HRUM | ||
| -0.35 | 0.63 | -0.75 | 0.84 | BISI | ||
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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 Bayan Stock performing well and Bayan 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 Bayan 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ITMG | 0.95 | 0.01 | (0.01) | (0.05) | 1.17 | 2.17 | 5.57 | |||
| INDY | 2.38 | 0.02 | 0.00 | (0.06) | 2.36 | 5.61 | 11.83 | |||
| DEWA | 4.54 | 0.85 | 0.18 | (0.57) | 4.11 | 11.65 | 26.65 | |||
| HRUM | 1.58 | (0.43) | 0.00 | (2.45) | 0.00 | 3.13 | 10.16 | |||
| BISI | 1.97 | (0.40) | 0.00 | 0.38 | 0.00 | 4.23 | 24.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bayan 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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Bayan Resources Corporate Management
Elected by the shareholders, the Bayan Resources' board of directors comprises two types of representatives: Bayan Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bayan. The board's role is to monitor Bayan Resources' management team and ensure that shareholders' interests are well served. Bayan 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, Bayan Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eugene Poray | Head Planning | Profile | |
| Hyun Kim | Director Director | Profile | |
| Yi BSc | Director Director | Profile | |
| Duncan Buchanan | Chief Geologist | Profile | |
| Rudi Heriyanto | Accounting Mang | Profile |