Kabelindo Murni Correlations
| KBLM Stock | IDR 308.00 2.00 0.65% |
The current 90-days correlation between Kabelindo Murni Tbk and Weha Transportasi Indonesia is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kabelindo Murni moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kabelindo Murni Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Kabelindo Murni Correlation With Market
Good diversification
The correlation between Kabelindo Murni Tbk and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kabelindo Murni Tbk and DJI in the same portfolio, assuming nothing else is changed.
Kabelindo |
The ability to find closely correlated positions to Kabelindo Murni could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kabelindo Murni 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 Kabelindo Murni - 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 Kabelindo Murni Tbk to buy it.
Moving together with Kabelindo Stock
Moving against Kabelindo Stock
| 0.74 | FISH | Fks Multi Agro | PairCorr |
| 0.61 | KMTR | Kirana Megatara Tbk | PairCorr |
| 0.5 | SDPC | Millennium Pharmacon | PairCorr |
| 0.47 | PICO | Pelangi Indah Canindo | PairCorr |
| 0.31 | KONI | Perdana Bangun Pusaka | PairCorr |
Related Correlations Analysis
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Be your own money manager
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Kabelindo Murni Corporate Management
Elected by the shareholders, the Kabelindo Murni's board of directors comprises two types of representatives: Kabelindo Murni inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kabelindo. The board's role is to monitor Kabelindo Murni's management team and ensure that shareholders' interests are well served. Kabelindo Murni'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, Kabelindo Murni's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dwi Wantoro | Fin Mang | Profile | |
| Nancy Margaretha | HR Mang | Profile | |
| Tirto Haryanto | Head Unit | Profile | |
| Budi Santosa | Accounting Mang | Profile | |
| Petrus Dwisantoso | Manufacturing Director | Profile |