PT Bank Correlations

BZG2 Stock

EUR 0.57 0.01 1.79%

The current 90-days correlation between PT Bank Central and Waste Management is -0.17 (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

Significant diversification

The correlation between PT Bank Central and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Bank Central 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 Central to buy it.

Moving against BZG2 Stock

0.5	5JP	Japan Post Bank	Pair Corr
0.41	DBPD	Xtrackers ShortDAX	Pair Corr
0.35	ECHA	Ecopetrol SA	Pair Corr
0.35	ECHA	Ecopetrol SA	Pair Corr
0.33	6GAA	Grupo Aval Acciones	Pair Corr

Related Correlations Analysis

	PIJ	BKHT	UWS	TG9	CE1	FOO	1C6	0QN
PIJ		-0.49	0.48	0.32	0.08	0.65	0.41	0.78	PIJ
BKHT	-0.49		-0.78	0.07	-0.73	-0.83	-0.53	-0.68	BKHT
UWS	0.48	-0.78		-0.11	0.74	0.94	0.47	0.81	UWS
TG9	0.32	0.07	-0.11		-0.07	0.08	0.48	0.15	TG9
CE1	0.08	-0.73	0.74	-0.07		0.73	0.58	0.53	CE1
FOO	0.65	-0.83	0.94	0.08	0.73		0.58	0.9	FOO
1C6	0.41	-0.53	0.47	0.48	0.58	0.58		0.48	1C6
0QN	0.78	-0.68	0.81	0.15	0.53	0.9	0.48		0QN
	PIJ	BKHT	UWS	TG9	CE1	FOO	1C6	0QN

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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

FOO	+ 0.94	UWS
0QN	+ 0.9	FOO
0QN	+ 0.81	UWS
0QN	+ 0.78	PIJ
CE1	+ 0.74	UWS
FOO	+ 0.73	CE1

High negative correlations

FOO	- 0.83	BKHT
UWS	- 0.78	BKHT
CE1	- 0.73	BKHT
0QN	- 0.68	BKHT
1C6	- 0.53	BKHT
BKHT	- 0.49	PIJ

Risk-Adjusted Indicators

There is a big difference between BZG2 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
PIJ	1.71	0.22	0.07	1.00	1.46	(2.82)	3.70	(2.90)	19.52
BKHT	1.46	(0.17)	0.00	0.81	0.00	0.00	2.81	(3.85)	12.48
UWS	0.87	0.11	0.09	0.27	0.77	(1.06)	2.13	(1.60)	7.06
TG9	1.49	0.07	(0.01)	3.73	1.80	(1.97)	3.37	(3.26)	11.50
CE1	1.55	0.37	0.12	(1.23)	1.47	(2.05)	2.97	(2.52)	16.68
FOO	1.37	0.39	0.30	0.41	0.92	(1.61)	4.15	(2.26)	11.42
1C6	2.47	0.21	0.06	0.27	3.40	(2.81)	4.93	(6.21)	18.40
0QN	1.47	0.40	0.17	(3.03)	1.35	(1.82)	4.21	(2.71)	12.65

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 BZG2. 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.

Ho Tan	Credit Director	Profile
I Wangsawijaya	Head Division	Profile
Lianawaty Suwono	Director Director	Profile
Armand Hartono	Deputy Director	Profile
Vera Lim	Planning Director	Profile
Haryanto Budiman	Director Director	Profile
Jahja Setiaatmadja	Pres Director	Profile

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