Cita Mineral Correlations
| CITA Stock | IDR 3,260 10.00 0.31% |
The current 90-days correlation between Cita Mineral Investindo and Argha Karya Prima is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cita Mineral moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cita Mineral Investindo moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cita Mineral Correlation With Market
Significant diversification
The correlation between Cita Mineral Investindo and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cita Mineral Investindo and DJI in the same portfolio, assuming nothing else is changed.
Cita |
The ability to find closely correlated positions to Cita Mineral could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cita Mineral 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 Cita Mineral - 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 Cita Mineral Investindo to buy it.
Moving together with Cita Stock
Moving against Cita Stock
| 0.78 | NPGF | Nusa Palapa Gemilang | PairCorr |
| 0.71 | BRPT | Barito Pacific Tbk | PairCorr |
| 0.56 | ISSP | Steel Pipe Industry | PairCorr |
| 0.5 | TFAS | Telefast Indonesia | PairCorr |
| 0.48 | GDST | Gunawan Dianjaya Steel | PairCorr |
| 0.47 | ALKA | Alakasa Industrindo Tbk | PairCorr |
| 0.41 | UNVR | Unilever Indonesia Tbk | PairCorr |
| 0.35 | AGII | Aneka Gas Industri | PairCorr |
Related Correlations Analysis
| 0.63 | 0.31 | 0.42 | 0.23 | APLI | ||
| 0.63 | 0.55 | 0.65 | 0.51 | AKPI | ||
| 0.31 | 0.55 | 0.83 | 0.94 | INAI | ||
| 0.42 | 0.65 | 0.83 | 0.82 | ALKA | ||
| 0.23 | 0.51 | 0.94 | 0.82 | AMFG | ||
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Risk-Adjusted Indicators
There is a big difference between Cita Stock performing well and Cita Mineral 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 Cita Mineral'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| APLI | 2.68 | (0.12) | 0.00 | (0.07) | 0.00 | 7.27 | 16.78 | |||
| AKPI | 2.18 | (0.18) | 0.00 | (0.24) | 0.00 | 3.33 | 41.42 | |||
| INAI | 1.85 | (0.61) | 0.00 | 6.06 | 0.00 | 3.13 | 22.83 | |||
| ALKA | 1.57 | (0.21) | 0.00 | 6.09 | 0.00 | 3.19 | 13.34 | |||
| AMFG | 0.56 | (0.10) | 0.00 | 1.59 | 0.00 | 1.10 | 5.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cita Mineral 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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Cita Mineral Corporate Management
Elected by the shareholders, the Cita Mineral's board of directors comprises two types of representatives: Cita Mineral inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cita. The board's role is to monitor Cita Mineral's management team and ensure that shareholders' interests are well served. Cita Mineral'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, Cita Mineral's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Andreas Wira | Head Accounting | Profile | |
| Darjoto Setyawan | Independent Commissioner | Profile | |
| Henry Cahyono | Head Exploration | Profile | |
| Candra Kurniady | Head Capital | Profile |