Imago Mulia Correlations

LFLO Stock

IDR 102.00 2.00 2.00%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Imago Mulia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Imago Mulia Persada moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Imago Mulia Correlation With Market

Good diversification

The correlation between Imago Mulia Persada 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 Imago Mulia Persada and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Imago Mulia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Imago Mulia 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 Imago Mulia - 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 Imago Mulia Persada to buy it.

Moving together with Imago Stock

0.76	OLIV	Oscar Mitra Sukses	Pair Corr
0.64	GOTO	GoTo Gojek Tokopedia	Pair Corr
0.8	MMIX	Multi Medika Interna	Pair Corr

Moving against Imago Stock

0.38

HMSP

Hanjaya Mandala Sampoerna

Pair Corr

Related Correlations Analysis

	PGUN	TOYS	UANG	WOOD	IATA	PSAB	ADRO	BIPP	MBAP	MIKA
PGUN		0.0	-0.56	0.43	0.06	-0.15	0.05	0.35	-0.18	-0.12	PGUN
TOYS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	TOYS
UANG	-0.56	0.0		-0.26	-0.22	0.44	-0.27	-0.88	0.5	0.46	UANG
WOOD	0.43	0.0	-0.26		0.42	-0.01	0.36	0.23	-0.18	-0.1	WOOD
IATA	0.06	0.0	-0.22	0.42		-0.42	0.78	0.17	-0.71	-0.56	IATA
PSAB	-0.15	0.0	0.44	-0.01	-0.42		-0.65	-0.31	0.82	0.73	PSAB
ADRO	0.05	0.0	-0.27	0.36	0.78	-0.65		0.2	-0.78	-0.71	ADRO
BIPP	0.35	0.0	-0.88	0.23	0.17	-0.31	0.2		-0.44	-0.4	BIPP
MBAP	-0.18	0.0	0.5	-0.18	-0.71	0.82	-0.78	-0.44		0.91	MBAP
MIKA	-0.12	0.0	0.46	-0.1	-0.56	0.73	-0.71	-0.4	0.91		MIKA
	PGUN	TOYS	UANG	WOOD	IATA	PSAB	ADRO	BIPP	MBAP	MIKA

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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

MIKA	+ 0.91	MBAP
MBAP	+ 0.82	PSAB
ADRO	+ 0.78	IATA
MIKA	+ 0.73	PSAB
MBAP	+ 0.5	UANG
MIKA	+ 0.46	UANG

High negative correlations

BIPP	- 0.88	UANG
MBAP	- 0.78	ADRO
MIKA	- 0.71	ADRO
MBAP	- 0.71	IATA
ADRO	- 0.65	PSAB
MIKA	- 0.56	IATA

Risk-Adjusted Indicators

There is a big difference between Imago Stock performing well and Imago Mulia 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 Imago Mulia'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
PGUN	0.60	0.26	0.00	0.84	0.00	0.00	0.00	0.00	2.81
TOYS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
UANG	1.26	(0.62)	0.00	2.14	0.00	0.00	0.40	(4.50)	17.72
WOOD	2.61	0.35	0.12	1.94	2.32	(3.81)	6.49	(4.43)	24.83
IATA	2.29	0.26	0.06	(0.62)	2.34	(4.45)	6.82	(4.55)	17.11
PSAB	3.16	(0.09)	0.00	0.13	0.00	0.00	7.69	(7.32)	39.24
ADRO	3.25	0.53	0.11	0.59	4.12	(4.22)	4.70	(3.46)	72.71
BIPP	2.95	0.52	0.10	0.79	3.06	(4.61)	7.50	(6.67)	15.90
MBAP	1.00	(0.46)	0.00	3.70	0.00	0.00	1.66	(2.72)	9.79
MIKA	1.68	(0.38)	0.00	1.56	0.00	0.00	3.38	(4.13)	8.98

Be your own money manager

Our tools can tell you how much better you can do entering a position in Imago Mulia 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.

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