Kencana Energi Correlations
| KEEN Stock | IDR 625.00 5.00 0.81% |
The current 90-days correlation between Kencana Energi Lestari and PT Indonesia Kendaraan is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kencana Energi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kencana Energi Lestari moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Kencana Energi Correlation With Market
Modest diversification
The correlation between Kencana Energi Lestari and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kencana Energi Lestari and DJI in the same portfolio, assuming nothing else is changed.
Kencana |
The ability to find closely correlated positions to Kencana Energi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kencana Energi 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 Kencana Energi - 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 Kencana Energi Lestari to buy it.
Moving together with Kencana Stock
| 0.86 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.71 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.89 | BRPT | Barito Pacific Tbk | PairCorr |
| 0.69 | GIAA | Garuda Indonesia Persero | PairCorr |
Moving against Kencana Stock
| 0.89 | UNSP | Bakrie Sumatera Plan Earnings Call This Week | PairCorr |
| 0.79 | INPC | Bank Artha Graha | PairCorr |
| 0.76 | SRAJ | Sejahteraraya Anugrahjaya | PairCorr |
| 0.75 | MFIN | Mandala Multifinance Tbk Split | PairCorr |
| 0.73 | FORU | Fortune Indonesia Tbk | PairCorr |
| 0.65 | ENRG | Energi Mega Persada | PairCorr |
| 0.58 | WOOD | Integra Indocabinet Tbk | PairCorr |
| 0.58 | KIJA | Kawasan Industri Jababeka | PairCorr |
| 0.57 | GOTO | GoTo Gojek Tokopedia | PairCorr |
| 0.57 | ARNA | Arwana Citramulia Tbk | PairCorr |
| 0.55 | PKPK | Perdana Karya Perkasa | PairCorr |
| 0.49 | PSAB | J Resources Asia | PairCorr |
| 0.47 | LSIP | Perusahaan Perkebunan | PairCorr |
| 0.38 | MCOR | Bank Windu Kentjana | PairCorr |
| 0.32 | KDSI | Kedawung Setia Industrial Split | PairCorr |
| 0.9 | DKFT | Central Omega Resources | PairCorr |
| 0.85 | PTRO | Petrosea Tbk | PairCorr |
| 0.82 | PBRX | Pan Brothers Tbk | PairCorr |
| 0.8 | DEWA | Darma Henwa Tbk | PairCorr |
| 0.68 | PNSE | Pudjiadi Sons Tbk | PairCorr |
| 0.66 | DNAR | Bank Dinar Indonesia | PairCorr |
| 0.65 | EMTK | Elang Mahkota Teknologi | PairCorr |
| 0.63 | BNBR | Bakrie Brothers Tbk | PairCorr |
| 0.63 | PNBN | Bank Pan Indonesia | PairCorr |
| 0.63 | BEKS | Bank Pembangunan Daerah | PairCorr |
| 0.6 | PGLI | Pembangunan Graha Lestari | PairCorr |
| 0.58 | BKSW | Bank Qnb Indonesia | PairCorr |
| 0.56 | LMPI | Langgeng Makmur Industri | PairCorr |
| 0.53 | ASGR | Astra Graphia Tbk | PairCorr |
| 0.44 | BVIC | Bank Victoria Intern | PairCorr |
| 0.33 | MYTX | Asia Pacific Investama | PairCorr |
Related Correlations Analysis
| 0.38 | 0.19 | -0.48 | -0.8 | IPCC | ||
| 0.38 | -0.03 | 0.1 | -0.5 | POWR | ||
| 0.19 | -0.03 | 0.05 | -0.06 | IPCM | ||
| -0.48 | 0.1 | 0.05 | 0.46 | PSSI | ||
| -0.8 | -0.5 | -0.06 | 0.46 | KKGI | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Kencana Stock performing well and Kencana Energi 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 Kencana Energi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IPCC | 0.67 | 0.09 | (0.01) | 0.71 | 0.52 | 1.49 | 4.88 | |||
| POWR | 0.52 | 0.06 | (0.03) | 0.42 | 0.46 | 1.45 | 4.94 | |||
| IPCM | 0.36 | (0.03) | (0.15) | (0.06) | 0.44 | 0.75 | 2.96 | |||
| PSSI | 0.50 | (0.02) | 0.00 | 0.36 | 0.00 | 0.94 | 3.67 | |||
| KKGI | 1.62 | (0.22) | 0.00 | (0.71) | 0.00 | 3.39 | 12.45 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kencana Energi 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 Alpha Finder Now
Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
Kencana Energi Corporate Management
Elected by the shareholders, the Kencana Energi's board of directors comprises two types of representatives: Kencana Energi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Kencana. The board's role is to monitor Kencana Energi's management team and ensure that shareholders' interests are well served. Kencana Energi'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, Kencana Energi's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Albert Maknawi | President Commissioner | Profile | |
| Henry Maknawi | President Director | Profile | |
| Freenyan Liwang | Independent Commissioner | Profile | |
| Jeanny Joe | Commissioner | Profile | |
| Sim Munandar | Independent Commissioner | Profile | |
| Karel Pajung | Director | Profile | |
| Dian Rachmandani | Co Sec | Profile |