Caturkarda Depo Correlations
| DEPO Stock | 208.00 2.00 0.95% |
The current 90-days correlation between Caturkarda Depo Bangunan and Cisarua Mountain Dairy is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Caturkarda Depo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Caturkarda Depo Bangunan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Caturkarda Depo Correlation With Market
Good diversification
The correlation between Caturkarda Depo Bangunan and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Caturkarda Depo Bangunan and DJI in the same portfolio, assuming nothing else is changed.
Caturkarda |
The ability to find closely correlated positions to Caturkarda Depo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Caturkarda Depo 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 Caturkarda Depo - 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 Caturkarda Depo Bangunan to buy it.
Moving together with Caturkarda Stock
| 0.81 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.84 | BBCA | Bank Central Asia | PairCorr |
| 0.61 | SRTG | Saratoga Investama Sedaya | PairCorr |
| 0.75 | ASII | Astra International Tbk | PairCorr |
| 0.66 | UNTR | United Tractors Tbk | PairCorr |
| 0.8 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
Moving against Caturkarda Stock
| 0.88 | SMDM | Suryamas Dutamakmur Tbk | PairCorr |
| 0.75 | BNLI | Bank Permata Tbk | PairCorr |
| 0.59 | POLU | Golden Flower Tbk | PairCorr |
| 0.58 | BIPP | Bhuwanatala Indah Permai | PairCorr |
| 0.56 | OLIV | Oscar Mitra Sukses | PairCorr |
| 0.32 | TRIM | Trimegah Securities Tbk | PairCorr |
| 0.32 | BKSL | Sentul City Tbk | PairCorr |
| 0.91 | VIVA | Visi Media Asia | PairCorr |
| 0.91 | WIFI | Solusi Sinergi Digital | PairCorr |
| 0.9 | PSKT | Red Planet Indonesia | PairCorr |
| 0.82 | PANR | Panorama Sentrawisata Tbk | PairCorr |
| 0.81 | SSMS | Sawit Sumbermas Sarana | PairCorr |
| 0.78 | TBIG | Tower Bersama Infras | PairCorr |
| 0.78 | SCMA | Surya Citra Media | PairCorr |
| 0.54 | SMCB | Solusi Bangun Indonesia | PairCorr |
| 0.53 | YULE | Yulie Sekurindo Tbk | PairCorr |
| 0.47 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.44 | WAPO | Wahana Pronatural | PairCorr |
| 0.43 | SMMT | Golden Eagle Energy | PairCorr |
| 0.31 | BSSR | Baramulti Suksessarana | PairCorr |
Related Correlations Analysis
| 0.48 | 0.69 | -0.72 | 0.68 | AVIA | ||
| 0.48 | 0.82 | -0.69 | 0.48 | CMRY | ||
| 0.69 | 0.82 | -0.76 | 0.58 | DRMA | ||
| -0.72 | -0.69 | -0.76 | -0.48 | MTEL | ||
| 0.68 | 0.48 | 0.58 | -0.48 | CSAP | ||
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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 Caturkarda Stock performing well and Caturkarda Depo 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 Caturkarda Depo'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AVIA | 1.55 | (0.32) | 0.00 | 0.80 | 0.00 | 2.90 | 13.58 | |||
| CMRY | 1.62 | (0.17) | 0.00 | 0.40 | 0.00 | 3.27 | 17.32 | |||
| DRMA | 1.16 | (0.22) | 0.00 | (1.80) | 0.00 | 2.50 | 7.65 | |||
| MTEL | 1.31 | 0.13 | 0.07 | 1.10 | 1.35 | 3.60 | 12.33 | |||
| CSAP | 1.47 | (0.24) | 0.00 | 0.38 | 0.00 | 4.00 | 14.58 |
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