Darma Henwa Correlations
| DEWA Stock | IDR 119.00 3.00 2.46% |
The current 90-days correlation between Darma Henwa Tbk and Kedaung Indah Can is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Darma Henwa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Darma Henwa Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Darma Henwa Correlation With Market
Significant diversification
The correlation between Darma Henwa Tbk and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Darma Henwa Tbk and DJI in the same portfolio, assuming nothing else is changed.
Darma |
The ability to find closely correlated positions to Darma Henwa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Darma Henwa 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 Darma Henwa - 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 Darma Henwa Tbk to buy it.
Moving together with Darma Stock
Moving against Darma Stock
| 0.84 | BRPT | Barito Pacific Tbk | PairCorr |
| 0.84 | GDST | Gunawan Dianjaya Steel | PairCorr |
| 0.84 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.8 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.76 | ISSP | Steel Pipe Industry | PairCorr |
| 0.7 | BNGA | Bank Cimb Niaga | PairCorr |
| 0.64 | AGII | Aneka Gas Industri | PairCorr |
| 0.64 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.4 | BAJA | Saranacentral Bajatama | PairCorr |
| 0.39 | BBCA | Bank Central Asia | PairCorr |
| 0.34 | BNLI | Bank Permata Tbk | PairCorr |
Related Correlations Analysis
| 0.07 | -0.31 | -0.15 | -0.15 | KICI | ||
| 0.07 | -0.49 | -0.61 | 0.5 | LMPI | ||
| -0.31 | -0.49 | 0.81 | 0.01 | KBLM | ||
| -0.15 | -0.61 | 0.81 | -0.16 | MRAT | ||
| -0.15 | 0.5 | 0.01 | -0.16 | IGAR | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Darma Stock performing well and Darma Henwa 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 Darma Henwa'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KICI | 2.93 | 0.22 | 0.01 | (0.22) | 3.25 | 5.41 | 45.24 | |||
| LMPI | 3.61 | 0.92 | 0.17 | (1.61) | 2.80 | 7.08 | 42.22 | |||
| KBLM | 1.16 | (0.13) | 0.00 | (0.34) | 0.00 | 3.16 | 7.08 | |||
| MRAT | 1.59 | (0.94) | 0.00 | (1.47) | 0.00 | 2.07 | 8.74 | |||
| IGAR | 0.55 | (0.03) | 0.00 | (0.08) | 0.00 | 1.41 | 4.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Darma Henwa 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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Efficient FrontierPlot and analyze your portfolio and positions against risk-return landscape of the market. |
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Darma Henwa Corporate Management
Elected by the shareholders, the Darma Henwa's board of directors comprises two types of representatives: Darma Henwa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Darma. The board's role is to monitor Darma Henwa's management team and ensure that shareholders' interests are well served. Darma Henwa'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, Darma Henwa's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Hemankur Upadhayaya | Chief Officer | Profile | |
| Gunawan Wibisono | Head Project | Profile | |
| Prita Widita | Head Division | Profile | |
| Mukson Rosyidi | Head of Corporate Secretary, IR Contact Officer | Profile | |
| Russell Conley | Chief Officer | Profile | |
| Sri Herlambang | Head Division | Profile | |
| Prabhakaran Balasubramanian | CEO Director | Profile |