Cipta Selera Correlations
| CSMI Stock | IDR 3,200 190.00 5.60% |
The current 90-days correlation between Cipta Selera Murni and Net Visi Media is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cipta Selera moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cipta Selera Murni moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cipta Selera Correlation With Market
Modest diversification
The correlation between Cipta Selera Murni and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cipta Selera Murni and DJI in the same portfolio, assuming nothing else is changed.
Cipta |
The ability to find closely correlated positions to Cipta Selera could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cipta Selera 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 Cipta Selera - 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 Cipta Selera Murni to buy it.
Moving together with Cipta Stock
| 0.72 | ENAK | Champ Resto Indonesia | PairCorr |
| 0.63 | RAFI | PT Sari Kreasi | PairCorr |
| 0.9 | LUCY | Lima Dua Lima | PairCorr |
| 0.68 | LAPD | Leyand International Tbk | PairCorr |
| 0.79 | GOTO | GoTo Gojek Tokopedia | PairCorr |
| 0.8 | PGAS | Perusahaan Gas Negara | PairCorr |
Moving against Cipta Stock
| 0.81 | FREN | Smartfren Telecom Tbk | PairCorr |
| 0.79 | PTSP | Pioneerindo Gourmet | PairCorr |
| 0.77 | BMRI | Bank Mandiri Persero Earnings Call Next Week | PairCorr |
| 0.75 | BBNI | Bank Negara Indonesia Earnings Call This Week | PairCorr |
| 0.74 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.73 | TOWR | PT Sarana Menara | PairCorr |
| 0.69 | IBOS | PT Indo Boga | PairCorr |
| 0.64 | BTPN | Bank Tabungan Pensiunan | PairCorr |
| 0.37 | ASII | Astra International Tbk | PairCorr |
Related Correlations Analysis
| -0.21 | 0.47 | 0.0 | 0.16 | 0.19 | 0.15 | NETV | ||
| -0.21 | -0.55 | 0.0 | -0.58 | -0.24 | -0.5 | SCMA | ||
| 0.47 | -0.55 | 0.0 | 0.36 | 0.46 | 0.68 | INOV | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | HKMU | ||
| 0.16 | -0.58 | 0.36 | 0.0 | 0.64 | 0.46 | MNCN | ||
| 0.19 | -0.24 | 0.46 | 0.0 | 0.64 | 0.53 | AREA | ||
| 0.15 | -0.5 | 0.68 | 0.0 | 0.46 | 0.53 | LPGI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cipta Stock performing well and Cipta Selera 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 Cipta Selera'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NETV | 5.47 | 1.78 | 0.49 | (0.80) | 2.72 | 9.26 | 106.83 | |||
| SCMA | 2.98 | 0.61 | 0.21 | (0.94) | 2.43 | 8.89 | 25.60 | |||
| INOV | 1.64 | 0.01 | (0.01) | 0.01 | 1.91 | 3.26 | 22.27 | |||
| HKMU | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| MNCN | 1.33 | (0.12) | 0.00 | (0.57) | 0.00 | 3.13 | 9.94 | |||
| AREA | 2.25 | (0.14) | 0.00 | 0.44 | 0.00 | 4.72 | 19.99 | |||
| LPGI | 1.07 | (0.20) | 0.00 | (3.37) | 0.00 | 2.35 | 11.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cipta Selera 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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