Jasa Marga Correlations
| JSMR Stock | IDR 4,600 40.00 0.88% |
The current 90-days correlation between Jasa Marga Tbk and Semen Indonesia Persero is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jasa Marga moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jasa Marga Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Jasa Marga Correlation With Market
Good diversification
The correlation between Jasa Marga Tbk and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jasa Marga Tbk and DJI in the same portfolio, assuming nothing else is changed.
Jasa |
The ability to find closely correlated positions to Jasa Marga could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jasa Marga 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 Jasa Marga - 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 Jasa Marga Tbk to buy it.
Moving together with Jasa Stock
| 0.65 | ERTX | Eratex Djaja Tbk | PairCorr |
| 0.7 | CFIN | Clipan Finance Indonesia | PairCorr |
| 0.78 | ABMM | Abm Investama Tbk | PairCorr |
Moving against Jasa Stock
Related Correlations Analysis
| 0.57 | 0.27 | -0.49 | 0.61 | SMGR | ||
| 0.57 | 0.07 | -0.65 | 0.71 | WIKA | ||
| 0.27 | 0.07 | -0.16 | 0.08 | PGAS | ||
| -0.49 | -0.65 | -0.16 | -0.8 | INDF | ||
| 0.61 | 0.71 | 0.08 | -0.8 | KLBF | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Jasa Stock performing well and Jasa Marga 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 Jasa Marga'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMGR | 1.52 | (0.15) | 0.00 | 1.42 | 0.00 | 3.59 | 12.11 | |||
| WIKA | 2.86 | 0.04 | 0.00 | 0.09 | 0.00 | 7.85 | 28.94 | |||
| PGAS | 1.08 | (0.16) | 0.00 | 1.19 | 0.00 | 2.73 | 6.27 | |||
| INDF | 1.14 | 0.18 | 0.01 | (0.37) | 1.34 | 2.14 | 8.24 | |||
| KLBF | 1.23 | (0.23) | 0.00 | 13.05 | 0.00 | 2.64 | 7.58 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jasa Marga 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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Jasa Marga Corporate Management
Elected by the shareholders, the Jasa Marga's board of directors comprises two types of representatives: Jasa Marga inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jasa. The board's role is to monitor Jasa Marga's management team and ensure that shareholders' interests are well served. Jasa Marga'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, Jasa Marga's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Agung Pranata | Legal Head | Profile | |
| Bagus Arinta | Director Director | Profile | |
| Eka Adrianto | Corp Group | Profile | |
| Reza Febriano | Director Director | Profile | |
| Trias Andriyanto | Accounting Head | Profile | |
| Dadan Waradia | Chief Officer | Profile |