PT Bank Correlations

BYRA Stock  EUR 0.23  0.01  4.55%   
The current 90-days correlation between PT Bank Rakyat and Charter Communications is -0.07 (i.e., Good 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 0.1 (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.
  
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 together with BYRA Stock

  0.7SSU Samsung ElectronicsPairCorr
  0.69SSUN Samsung ElectronicsPairCorr
  0.71SSU Samsung ElectronicsPairCorr
  0.69SSUN Samsung ElectronicsPairCorr
  0.86BYRA BANK RAKYAT INDPairCorr
  0.72BYRA PT Bank RakyatPairCorr
  0.8BYRA BANK RAKYAT INDPairCorr
  0.75PQ9 PT Bank MandiriPairCorr
  0.79PQ9 BANK MANDIRIPairCorr

Moving against BYRA Stock

  0.84MZ8 Mizuho FinancialPairCorr
  0.84MZ8A Mizuho FinancialPairCorr
  0.82DEVL DBS Group HoldingsPairCorr
  0.725JP Japan Post BankPairCorr
  0.64ICBA ICICI Bank Limited Earnings Call TomorrowPairCorr
  0.55HDFA HDFC Bank LimitedPairCorr
  0.85HEI Heidelberg MaterialsPairCorr
  0.84C8C Consolidated CommunicationsPairCorr
  0.83XKR KAR Auction ServicesPairCorr
  0.83RHM Rheinmetall AGPairCorr
  0.75YC3 CONCORDIA FINL GROUPPairCorr
  0.75SNQB SANOMA DusseldorfPairCorr
  0.75NTOA NintendoPairCorr
  0.731FA SPROUTS FARMERS MKTPairCorr
  0.7APC Apple IncPairCorr
  0.69NY70 MOLSON RS BEVERAGEPairCorr
  0.63C7T CTT CorreiosPairCorr
  0.63FDX FedExPairCorr
  0.61FAA FABASOFT DusseldorfPairCorr
  0.56NH5 NH HOTEL GROUPPairCorr
  0.56IFX Infineon TechnologiesPairCorr
  0.55ESY Easy Software AGPairCorr
  0.853RKU RYOHIN UNSPADR/1PairCorr
  0.79KEL Kellogg CompanyPairCorr
  0.79FOO SalesforcePairCorr
  0.76CAI CDN IMPERIAL BANKPairCorr

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   
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TEOCQD
TEO22UA
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High negative correlations   
ESYCQD
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ESY9LTN
B7O9LTN
SIT49LTN
TEO9LTN

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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in PT Bank 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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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.
SunarsoPres DirectorProfile
Rustarti PertiwiHead DivisionProfile
Agus WinardonoDirector DirectorProfile
Viviana KDirector DirectorProfile
Yulianto SetiawanHead DivisionProfile
Amam SukriyantoDirector DirectorProfile
Koes HariyonoHead DivisionProfile