Elnusa Tbk Correlations
| ELSA Stock | IDR 458.00 4.00 0.88% |
The current 90-days correlation between Elnusa Tbk and Petrosea Tbk is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Elnusa Tbk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Elnusa Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Elnusa Tbk Correlation With Market
Significant diversification
The correlation between Elnusa 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 Elnusa Tbk and DJI in the same portfolio, assuming nothing else is changed.
Elnusa |
The ability to find closely correlated positions to Elnusa Tbk could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Elnusa Tbk 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 Elnusa Tbk - 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 Elnusa Tbk to buy it.
Moving together with Elnusa Stock
| 0.7 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.62 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.64 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.63 | BNGA | Bank Cimb Niaga | PairCorr |
Moving against Elnusa Stock
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Elnusa Tbk 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?
Run Odds Of Bankruptcy Now
Odds Of BankruptcyGet analysis of equity chance of financial distress in the next 2 years |
| All Next | Launch Module |
Elnusa Tbk Corporate Management
Elected by the shareholders, the Elnusa Tbk's board of directors comprises two types of representatives: Elnusa Tbk inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Elnusa. The board's role is to monitor Elnusa Tbk's management team and ensure that shareholders' interests are well served. Elnusa Tbk'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, Elnusa Tbk's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ganang Soegiyarso | Chief Audit | Profile | |
| Charles Lumbantobing | Director Director | Profile | |
| Ratih Prihatini | Director Director | Profile | |
| John Simamora | Pres Director | Profile | |
| Tenny Elfrida | Director Director | Profile | |
| Ari Wijaya | Co Sec | Profile | |
| Yogi Faratodi | VP Marketing | Profile |