IDeA Indonesia Correlations

IDEA Stock

35.00 1.00 2.78%

The current 90-days correlation between IDeA Indonesia Akademi and Indo Oil Perkasa is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IDeA Indonesia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IDeA Indonesia Akademi moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IDeA Indonesia Correlation With Market

Significant diversification

The correlation between IDeA Indonesia Akademi and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IDeA Indonesia Akademi and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to IDeA 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 IDeA 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 IDeA 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 IDeA Indonesia Akademi to buy it.

Moving against IDeA Stock

0.54

ISAT

Indosat Tbk Split

Pair Corr

Related Correlations Analysis

	HAIS	GTSI	OILS	WOOD	MASA	IATA	PSAB	ADRO	BIPP	MBAP
HAIS		0.66	-0.23	0.51	0.0	-0.58	0.41	0.2	0.36	0.04	HAIS
GTSI	0.66		-0.28	0.68	0.0	-0.58	0.45	0.16	0.4	-0.18	GTSI
OILS	-0.23	-0.28		-0.49	0.0	0.58	-0.52	-0.64	-0.63	0.35	OILS
WOOD	0.51	0.68	-0.49		0.0	-0.67	0.74	0.36	0.72	-0.49	WOOD
MASA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MASA
IATA	-0.58	-0.58	0.58	-0.67	0.0		-0.64	-0.62	-0.59	0.41	IATA
PSAB	0.41	0.45	-0.52	0.74	0.0	-0.64		0.35	0.55	-0.33	PSAB
ADRO	0.2	0.16	-0.64	0.36	0.0	-0.62	0.35		0.57	-0.22	ADRO
BIPP	0.36	0.4	-0.63	0.72	0.0	-0.59	0.55	0.57		-0.62	BIPP
MBAP	0.04	-0.18	0.35	-0.49	0.0	0.41	-0.33	-0.22	-0.62		MBAP
	HAIS	GTSI	OILS	WOOD	MASA	IATA	PSAB	ADRO	BIPP	MBAP

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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

PSAB	+ 0.74	WOOD
BIPP	+ 0.72	WOOD
WOOD	+ 0.68	GTSI
GTSI	+ 0.66	HAIS
IATA	+ 0.58	OILS
BIPP	+ 0.57	ADRO

High negative correlations

IATA	- 0.67	WOOD
PSAB	- 0.64	IATA
ADRO	- 0.64	OILS
BIPP	- 0.63	OILS
MBAP	- 0.62	BIPP
ADRO	- 0.62	IATA

Risk-Adjusted Indicators

There is a big difference between IDeA Stock performing well and IDeA Indonesia 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 IDeA Indonesia'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
HAIS	0.98	0.07	(0.06)	(0.09)	1.07	(1.73)	1.87	(1.82)	11.69
GTSI	2.33	0.32	0.03	(0.30)	2.00	(4.50)	6.25	(3.12)	13.97
OILS	1.21	(0.07)	0.00	0.29	0.00	0.00	2.68	(2.83)	17.26
WOOD	2.29	0.54	0.22	1.80	1.71	(3.20)	5.04	(3.43)	23.44
MASA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IATA	2.41	(0.26)	0.00	(0.03)	0.00	0.00	7.69	(4.55)	19.64
PSAB	3.65	0.49	0.10	0.88	3.86	(4.60)	10.84	(7.32)	32.59
ADRO	1.59	0.08	(0.01)	0.95	1.92	(1.79)	3.44	(2.93)	14.99
BIPP	2.61	0.06	0.03	0.16	2.82	(4.81)	7.41	(6.67)	15.10
MBAP	1.26	(0.03)	0.00	(1.28)	0.00	0.00	2.36	(3.17)	17.06

Be your own money manager

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

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