PT Bank Correlations
| BYRA Stock | EUR 0.20 0.00 0.00% |
The current 90-days correlation between PT Bank Rakyat and United Microelectronics Corp is 0.04 (i.e., Significant 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
Average diversification
The correlation between PT Bank Rakyat and DJI is 0.11 (i.e., Average 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.
BYRA |
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 against BYRA Stock
Related Correlations Analysis
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
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Risk-Adjusted Indicators
There is a big difference between BYRA Stock performing well and PT Bank 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 PT Bank'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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UMCB | 1.66 | 0.04 | (0.01) | 0.33 | 2.07 | 3.28 | 13.06 | |||
| 3C3 | 1.89 | (0.07) | 0.00 | 0.45 | 0.00 | 3.28 | 13.28 | |||
| 33Z | 2.51 | (0.01) | 0.00 | 0.06 | 2.94 | 5.69 | 13.03 | |||
| NEN | 2.52 | 0.26 | 0.08 | 0.80 | 2.56 | 6.70 | 16.19 | |||
| KEC | 3.17 | 0.03 | (0.01) | (0.16) | 4.41 | 8.70 | 34.43 | |||
| 4BY | 2.95 | (0.12) | 0.00 | (6.86) | 0.00 | 6.40 | 21.53 | |||
| 14N1 | 0.85 | (0.02) | 0.00 | 0.51 | 0.00 | 1.46 | 5.10 | |||
| BEW | 2.15 | 0.13 | 0.02 | 8.87 | 2.74 | 4.52 | 16.53 |
PT Bank Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PT Bank stock to make a market-neutral strategy. Peer analysis of PT Bank could also be used in its relative valuation, which is a method of valuing PT Bank by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
PT Bank Corporate Management
Elected by the shareholders, the PT Bank's board of directors comprises two types of representatives: PT Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BYRA. The board's role is to monitor PT Bank's management team and ensure that shareholders' interests are well served. PT Bank's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, PT Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sunarso | Pres Director | Profile | |
| Rustarti Pertiwi | Head Division | Profile | |
| Agus Winardono | Director Director | Profile | |
| Viviana K | Director Director | Profile | |
| Yulianto Setiawan | Head Division | Profile | |
| Amam Sukriyanto | Director Director | Profile | |
| Koes Hariyono | Head Division | Profile |