Aman Agrindo Correlations
| GULA Stock | 348.00 4.00 1.14% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aman Agrindo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aman Agrindo moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Aman Agrindo Correlation With Market
Average diversification
The correlation between Aman Agrindo and DJI is 0.17 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aman Agrindo and DJI in the same portfolio, assuming nothing else is changed.
Aman |
The ability to find closely correlated positions to Aman Agrindo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aman Agrindo 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 Aman Agrindo - 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 Aman Agrindo to buy it.
Moving together with Aman Stock
Moving against Aman Stock
| 0.87 | PGUN | Pt Pradiksi Gunatama | PairCorr |
| 0.84 | STAA | Sumber Tani Agung | PairCorr |
| 0.78 | TAPG | Triputra Agro Persada | PairCorr |
| 0.72 | PNBN | Bank Pan Indonesia | PairCorr |
| 0.68 | FISH | Fks Multi Agro | PairCorr |
| 0.62 | PALM | Provident Agro Tbk | PairCorr |
| 0.55 | TBLA | Tunas Baru Lampung | PairCorr |
| 0.54 | TLDN | Teladan Prima Agro | PairCorr |
| 0.53 | BRIS | Bank BRISyariah Tbk | PairCorr |
| 0.46 | SSMS | Sawit Sumbermas Sarana | PairCorr |
| 0.45 | DEWA | Darma Henwa Tbk | PairCorr |
| 0.32 | FAPA | FAP Agri Tbk | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Aman Stock performing well and Aman Agrindo 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 Aman Agrindo'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 Aman Agrindo 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 Correlation Analysis Now
Correlation AnalysisReduce portfolio risk simply by holding instruments which are not perfectly correlated |
| All Next | Launch Module |