INDOSAT B Correlations

Stocks . Germany . 
Stock . INDOSAT B
IDO1 Stock  EUR 0.14  0.01  7.69%   
The current 90-days correlation between INDOSAT B and Apple Inc is -0.19 (i.e., Good diversification). The correlation of INDOSAT B 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.

INDOSAT B Correlation With Market

Average diversification

The correlation between INDOSAT B and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding INDOSAT B and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to INDOSAT B could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace INDOSAT B 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 INDOSAT B - 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 INDOSAT B to buy it.

Moving together with INDOSAT Stock

  0.68TKDA Takeda PharmaceuticalPairCorr

Moving against INDOSAT Stock

  0.69KBIA KB Financial GroupPairCorr
  0.63SID State BankPairCorr
  0.53AMZ Amazon IncPairCorr
  0.52FHL Federal Home LoanPairCorr
  0.5W8V Bank of ChinaPairCorr
  0.44APC Apple IncPairCorr
  0.44APC Apple IncPairCorr
  0.44APC Apple IncPairCorr
  0.44APC Apple IncPairCorr
  0.33MSF MicrosoftPairCorr
  0.33E908 Lyxor 1PairCorr
  0.32MSF MicrosoftPairCorr
  0.31MSF MicrosoftPairCorr
  0.31MSF MicrosoftPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between INDOSAT Stock performing well and INDOSAT B 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 INDOSAT B'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in INDOSAT B 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 Instant Ratings Now

   

Instant Ratings

Determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY