Matahari Department Correlations
| LPPF Stock | IDR 1,410 10.00 0.71% |
The current 90-days correlation between Matahari Department Store and Surya Citra Media is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Matahari Department moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Matahari Department Store moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Matahari Department Correlation With Market
Significant diversification
The correlation between Matahari Department Store and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Matahari Department Store and DJI in the same portfolio, assuming nothing else is changed.
Matahari |
The ability to find closely correlated positions to Matahari Department could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Matahari Department 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 Matahari Department - 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 Matahari Department Store to buy it.
Moving together with Matahari Stock
Moving against Matahari Stock
| 0.74 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.71 | BRMS | Bumi Resources Minerals | PairCorr |
| 0.38 | BIPI | Benakat Petroleum Energy | PairCorr |
Related Correlations Analysis
| -0.35 | 0.21 | -0.04 | -0.06 | SCMA | ||
| -0.35 | 0.26 | 0.61 | 0.58 | AKRA | ||
| 0.21 | 0.26 | 0.65 | 0.52 | MNCN | ||
| -0.04 | 0.61 | 0.65 | 0.81 | PTPP | ||
| -0.06 | 0.58 | 0.52 | 0.81 | EXCL | ||
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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 Matahari Stock performing well and Matahari Department 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 Matahari Department'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SCMA | 1.30 | 0.05 | (0.06) | (0.08) | 1.30 | 3.97 | 11.32 | |||
| AKRA | 1.55 | (0.22) | 0.00 | (0.32) | 0.00 | 3.08 | 8.67 | |||
| MNCN | 1.20 | (0.18) | 0.00 | (0.20) | 0.00 | 3.05 | 9.94 | |||
| PTPP | 1.71 | (0.05) | 0.00 | 0.29 | 0.00 | 4.11 | 12.83 | |||
| EXCL | 0.95 | 0.00 | 0.00 | 0.10 | 0.00 | 1.79 | 9.26 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Matahari Department 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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Matahari Department Corporate Management
Elected by the shareholders, the Matahari Department's board of directors comprises two types of representatives: Matahari Department inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Matahari. The board's role is to monitor Matahari Department's management team and ensure that shareholders' interests are well served. Matahari Department'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, Matahari Department's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Niraj Jain | Member CFO | Profile | |
| Miranti Hadisusilo | Co Legal | Profile | |
| Herni Dian | Independent Officer | Profile | |
| Terence OConnor | Member CEO | Profile | |
| Willy Soedjono | IT Board | Profile | |
| Daniel Swinburne | Director Management | Profile |