Ladangbaja Murni Correlations
| LABA Stock | 342.00 10.00 2.84% |
The current 90-days correlation between Ladangbaja Murni and Nusa Palapa Gemilang is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ladangbaja Murni moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ladangbaja Murni PT moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ladangbaja Murni Correlation With Market
Good diversification
The correlation between Ladangbaja Murni PT and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ladangbaja Murni PT and DJI in the same portfolio, assuming nothing else is changed.
Ladangbaja |
The ability to find closely correlated positions to Ladangbaja 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 Ladangbaja 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 Ladangbaja 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 Ladangbaja Murni PT to buy it.
Moving together with Ladangbaja Stock
| 0.64 | BTON | Betonjaya Manunggal Tbk | PairCorr |
| 0.83 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.84 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.83 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.73 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.71 | BBNI | Bank Negara Indonesia | PairCorr |
Moving against Ladangbaja Stock
| 0.81 | INDF | PT Indofood Sukses | PairCorr |
| 0.73 | BUMI | Bumi Resources Tbk | PairCorr |
| 0.64 | NINE | PT Techno9 Indonesia | PairCorr |
| 0.39 | UNTR | United Tractors Tbk | PairCorr |
Related Correlations Analysis
| -0.08 | -0.39 | -0.05 | -0.23 | NICL | ||
| -0.08 | 0.21 | 0.05 | 0.22 | NPGF | ||
| -0.39 | 0.21 | 0.42 | -0.24 | HOPE | ||
| -0.05 | 0.05 | 0.42 | -0.25 | DGNS | ||
| -0.23 | 0.22 | -0.24 | -0.25 | SNLK | ||
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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 Ladangbaja Stock performing well and Ladangbaja Murni 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 Ladangbaja Murni'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NICL | 1.94 | 0.26 | 0.06 | (1.22) | 1.70 | 5.44 | 13.12 | |||
| NPGF | 2.94 | (0.09) | 0.00 | 0.36 | 0.00 | 8.33 | 18.18 | |||
| HOPE | 2.51 | (0.41) | 0.00 | (2.37) | 0.00 | 6.67 | 17.95 | |||
| DGNS | 2.76 | 0.16 | (0.02) | (0.04) | 3.25 | 6.84 | 37.50 | |||
| SNLK | 2.70 | 0.46 | 0.10 | 0.79 | 3.87 | 8.93 | 31.78 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ladangbaja Murni 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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