Jaya Agra Correlations
| JAWA Stock | IDR 94.00 3.00 3.30% |
The current 90-days correlation between Jaya Agra Wattie and Bakrieland Development Tbk is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jaya Agra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jaya Agra Wattie moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Jaya Agra Correlation With Market
Significant diversification
The correlation between Jaya Agra Wattie and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jaya Agra Wattie and DJI in the same portfolio, assuming nothing else is changed.
Jaya |
The ability to find closely correlated positions to Jaya Agra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jaya Agra 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 Jaya Agra - 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 Jaya Agra Wattie to buy it.
Moving together with Jaya Stock
| 0.67 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.72 | BBCA | Bank Central Asia | PairCorr |
| 0.66 | ASII | Astra International Tbk | PairCorr |
Moving against Jaya Stock
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Jaya Stock performing well and Jaya Agra 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 Jaya Agra'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BNBR | 3.22 | (0.28) | 0.00 | 0.22 | 0.00 | 7.69 | 18.61 | |||
| ELTY | 2.78 | (0.25) | 0.00 | 0.44 | 0.00 | 8.33 | 16.78 | |||
| DEWA | 3.83 | 0.38 | 0.09 | (1.79) | 3.65 | 9.43 | 26.65 | |||
| UNSP | 2.75 | (0.15) | 0.00 | (0.64) | 0.00 | 7.14 | 19.59 | |||
| ENRG | 2.41 | (0.45) | 0.00 | 1.55 | 0.00 | 5.22 | 15.71 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jaya Agra 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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Jaya Agra Corporate Management
Elected by the shareholders, the Jaya Agra's board of directors comprises two types of representatives: Jaya Agra inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jaya. The board's role is to monitor Jaya Agra's management team and ensure that shareholders' interests are well served. Jaya Agra'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, Jaya Agra's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ratna Widjaja | Independent Commissioner | Profile | |
| Muhadi | Commissioner | Profile | |
| Harijadi MBA | Pres Director | Profile | |
| Zufri Simamora | Gen Accounting | Profile |