Garuda Indonesia Correlations
| GIAA Stock | IDR 58.00 2.00 3.57% |
The current 90-days correlation between Garuda Indonesia Persero and Rukun Raharja Tbk is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Garuda Indonesia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Garuda Indonesia Persero moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Garuda Indonesia Correlation With Market
Average diversification
The correlation between Garuda Indonesia Persero and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Garuda Indonesia Persero and DJI in the same portfolio, assuming nothing else is changed.
Garuda |
The ability to find closely correlated positions to Garuda Indonesia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Garuda Indonesia 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 Garuda Indonesia - 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 Garuda Indonesia Persero to buy it.
Moving together with Garuda Stock
Moving against Garuda Stock
| 0.73 | KONI | Perdana Bangun Pusaka | PairCorr |
| 0.71 | KMTR | Kirana Megatara Tbk | PairCorr |
| 0.53 | FISH | Fks Multi Agro | PairCorr |
| 0.51 | SDPC | Millennium Pharmacon | PairCorr |
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Garuda Indonesia 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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Garuda Indonesia Corporate Management
Elected by the shareholders, the Garuda Indonesia's board of directors comprises two types of representatives: Garuda Indonesia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Garuda. The board's role is to monitor Garuda Indonesia's management team and ensure that shareholders' interests are well served. Garuda Indonesia'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, Garuda Indonesia's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Mitra Piranti | VP Sec | Profile | |
| Irfan Setiaputra | Pres CEO | Profile | |
| Reza Hakim | VP Distribution | Profile | |
| Mega Ramadhani | VP Compliance | Profile | |
| Fitria Ruswita | VP Ancillary | Profile | |
| Prasetio | Director Director | Profile | |
| Benny Butarbutar | Corporate Secretary | Profile |