KAQI Correlations
| KAQI Stock | 124.00 19.00 18.10% |
The current 90-days correlation between KAQI and Sumber Energi Andalan is -0.18 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as KAQI moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if KAQI moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
KAQI Correlation With Market
Very weak diversification
The correlation between KAQI and DJI is 0.47 (i.e., Very weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KAQI and DJI in the same portfolio, assuming nothing else is changed.
KAQI |
The ability to find closely correlated positions to KAQI could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KAQI 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 KAQI - 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 KAQI to buy it.
Moving together with KAQI Stock
| 0.61 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.73 | PGAS | Perusahaan Gas Negara | PairCorr |
| 0.72 | BSWD | Bank Of India | PairCorr |
| 0.68 | LPCK | Lippo Cikarang Tbk | PairCorr |
| 0.66 | ALKA | Alakasa Industrindo Tbk | PairCorr |
| 0.69 | NASI | Wahana Inti MakmurTbk | PairCorr |
Moving against KAQI Stock
| 0.73 | BBCA | Bank Central Asia | PairCorr |
| 0.66 | UNVR | Unilever Indonesia Tbk | PairCorr |
| 0.61 | BYAN | Bayan Resources Tbk Earnings Call Today | PairCorr |
| 0.56 | AMRT | Sumber Alfaria Trijaya | PairCorr |
| 0.4 | IPCC | PT Indonesia Kendaraan | PairCorr |
Related Correlations Analysis
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 KAQI Stock performing well and KAQI 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 KAQI'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGRP | 2.96 | 0.48 | 0.09 | (2.32) | 3.25 | 8.05 | 37.41 | |||
| SMBR | 1.66 | (0.04) | 0.00 | (0.14) | 0.00 | 3.76 | 12.11 | |||
| IFSH | 5.99 | 2.02 | 0.24 | (0.85) | 4.37 | 25.00 | 39.93 | |||
| IFII | 2.40 | 0.13 | 0.03 | 0.27 | 2.70 | 6.78 | 35.34 | |||
| BISI | 0.57 | (0.06) | 0.00 | (0.94) | 0.00 | 1.69 | 5.05 | |||
| MINE | 1.83 | (0.01) | 0.00 | 0.13 | 0.00 | 3.64 | 16.22 | |||
| ISSP | 1.72 | 0.28 | 0.04 | (0.51) | 2.12 | 4.42 | 12.50 | |||
| ITMA | 4.96 | 1.19 | 0.16 | (0.96) | 5.00 | 13.00 | 36.06 |
KAQI Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with KAQI stock to make a market-neutral strategy. Peer analysis of KAQI could also be used in its relative valuation, which is a method of valuing KAQI by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |