| CCSI Stock | | | 278.00 12.00 4.51% |
The current 90-days correlation between Communication Cable and Hartadinata Abadi Tbk is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Communication Cable moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Communication Cable Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Communication Cable Correlation With Market
Average diversification
The correlation between Communication Cable Systems 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 Communication Cable Systems and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to Communication Cable could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Communication Cable 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 Communication Cable - 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 Communication Cable Systems to buy it.
Moving together with Communication Stock
Moving against Communication 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 | | High negative correlations | IPCC | | BEEF | | GOOD | | BEEF | | BEEF | | HRTA | | IPCC | | HRTA |
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Risk-Adjusted IndicatorsThere is a big difference between Communication Stock performing well and Communication Cable 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 Communication Cable'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 Communication Cable 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.
| | Portfolio VolatilityCheck portfolio volatility and analyze historical return density to properly model market risk |
Communication Cable Corporate Management
Elected by the shareholders, the Communication Cable's board of directors comprises two types of representatives: Communication Cable inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Communication. The board's role is to monitor Communication Cable's management team and ensure that shareholders' interests are well served. Communication Cable'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, Communication Cable's outside directors are responsible for providing unbiased perspectives on the board's policies.