PT Dewi Correlations
| DEWI Stock | 82.00 1.00 1.20% |
The current 90-days correlation between PT Dewi Shri and Dharma Satya Nusantara is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PT Dewi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Dewi Shri moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
PT Dewi Correlation With Market
Good diversification
The correlation between PT Dewi Shri and DJI is -0.15 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Dewi Shri and DJI in the same portfolio, assuming nothing else is changed.
DEWI |
The ability to find closely correlated positions to PT Dewi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PT Dewi 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 PT Dewi - 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 PT Dewi Shri to buy it.
Moving together with DEWI Stock
| 0.69 | TAPG | Triputra Agro Persada | PairCorr |
| 0.69 | STAA | Sumber Tani Agung | PairCorr |
| 0.62 | TLDN | Teladan Prima Agro | PairCorr |
| 0.62 | TBLA | Tunas Baru Lampung | PairCorr |
| 0.66 | FISH | Fks Multi Agro | PairCorr |
| 0.76 | PNBN | Bank Pan Indonesia | PairCorr |
Moving against DEWI Stock
| 0.72 | CBUT | Citra Borneo Utama | PairCorr |
| 0.53 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.52 | BNLI | Bank Permata Tbk | PairCorr |
| 0.41 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.34 | BNGA | Bank Cimb Niaga | PairCorr |
| 0.31 | BBNI | Bank Negara Indonesia | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between DEWI Stock performing well and PT Dewi 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 PT Dewi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DSNG | 2.69 | 0.74 | 0.09 | (0.50) | 4.02 | 6.17 | 32.59 | |||
| SRTG | 3.02 | 0.46 | 0.07 | (0.72) | 3.44 | 6.10 | 32.66 | |||
| ESSA | 2.07 | 0.20 | 0.01 | (0.30) | 2.26 | 5.23 | 14.92 | |||
| EMTK | 2.33 | 0.44 | 0.08 | (0.45) | 2.37 | 4.94 | 21.15 | |||
| SSMS | 1.58 | (0.02) | 0.00 | 0.20 | 0.00 | 4.63 | 13.15 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PT Dewi 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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