PT Bank Correlations

FFB Stock

0.04 0 4.23%

The current 90-days correlation between PT Bank OCBC and SK TELECOM TDADR is -0.47 (i.e., Very good diversification). The correlation of PT Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

PT Bank Correlation With Market

Very good diversification

The correlation between PT Bank OCBC and DJI is -0.42 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Bank OCBC and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to PT Bank 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 Bank 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 Bank - 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 Bank OCBC to buy it.

Moving against FFB Stock

0.52	OSB	OLD SECOND BANCORP	Pair Corr
0.5	64H	COLUMBIA FINANCIA	Pair Corr
0.35	IESJ	INTESA SANPAOLO ADR6	Pair Corr
0.47	ZP1	ARIS MNGCORP	Pair Corr
0.47	6F1	Five Below	Pair Corr
0.44	KI8	KAP INDUS	Pair Corr
0.42	MKL	Atea ASA Earnings Call This Week	Pair Corr
0.69	KK2	Sun AKaken Limited	Pair Corr
0.57	G6G0	G6G0	Pair Corr
0.43	1RNA	NURAN WIRELESS INC Split	Pair Corr
0.37	GRG	Granite Construction Earnings Call This Week	Pair Corr
0.37	HIE	Hilton Grand Vacations	Pair Corr

Related Correlations Analysis

	RCI	KMBA	OGM1	BAC	4GC	CC3	6E6
RCI		-0.33	0.13	0.09	-0.49	-0.53	0.41	RCI
KMBA	-0.33		0.07	0.69	0.51	0.58	-0.12	KMBA
OGM1	0.13	0.07		-0.14	0.12	-0.34	0.22	OGM1
BAC	0.09	0.69	-0.14		0.12	0.42	0.08	BAC
4GC	-0.49	0.51	0.12	0.12		0.32	0.22	4GC
CC3	-0.53	0.58	-0.34	0.42	0.32		-0.39	CC3
6E6	0.41	-0.12	0.22	0.08	0.22	-0.39		6E6
	RCI	KMBA	OGM1	BAC	4GC	CC3	6E6

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

BAC	+ 0.69	KMBA
CC3	+ 0.58	KMBA
4GC	+ 0.51	KMBA
CC3	+ 0.42	BAC
6E6	+ 0.41	RCI
CC3	+ 0.32	4GC

High negative correlations

CC3	- 0.53	RCI
4GC	- 0.49	RCI
6E6	- 0.39	CC3
CC3	- 0.34	OGM1
KMBA	- 0.33	RCI
BAC	- 0.14	OGM1

Risk-Adjusted Indicators

There is a big difference between FFB Stock performing well and PT Bank 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 Bank'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
RCI	1.30	(0.09)	0.00	(0.57)	0.00	0.00	3.69	(3.47)	9.47
KMBA	1.27	0.49	0.26	1.65	0.19	(3.14)	4.46	(1.70)	15.76
OGM1	4.21	(0.57)	0.00	0.57	0.00	0.00	7.43	(8.29)	42.73
BAC	1.08	0.26	0.12	(0.42)	1.01	(1.21)	1.67	(1.80)	9.94
4GC	1.45	0.13	0.04	0.84	1.53	(1.70)	3.08	(2.35)	9.07
CC3	1.34	0.25	0.11	4.38	1.15	(1.84)	3.51	(2.22)	7.29
6E6	2.40	(0.01)	0.00	0.10	0.00	0.00	8.22	(4.32)	22.69

Be your own money manager

Our tools can tell you how much better you can do entering a position in PT Bank 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.

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