Lima Dua Correlations
| LUCY Stock | IDR 117.00 10.00 9.35% |
The current 90-days correlation between Lima Dua Lima and PT Sunter Lakeside is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Lima Dua moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Lima Dua Lima moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Lima Dua Correlation With Market
Significant diversification
The correlation between Lima Dua Lima and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Lima Dua Lima and DJI in the same portfolio, assuming nothing else is changed.
Lima |
The ability to find closely correlated positions to Lima Dua could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Lima Dua 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 Lima Dua - 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 Lima Dua Lima to buy it.
Moving together with Lima Stock
| 0.7 | INDF | PT Indofood Sukses | PairCorr |
| 0.62 | BNBR | Bakrie Brothers Tbk | PairCorr |
| 0.82 | MFIN | Mandala Multifinance Tbk Split | PairCorr |
| 0.68 | BUMI | Bumi Resources Tbk Earnings Call Today | PairCorr |
Moving against Lima Stock
| 0.69 | ENAK | Champ Resto Indonesia | PairCorr |
| 0.67 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.65 | PTSP | Pioneerindo Gourmet | PairCorr |
| 0.63 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.61 | IBOS | PT Indo Boga | PairCorr |
| 0.6 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.6 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.41 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.37 | CSMI | Cipta Selera Murni | PairCorr |
Related Correlations Analysis
| -0.5 | -0.44 | 0.35 | 0.67 | LFLO | ||
| -0.5 | 0.31 | -0.38 | -0.42 | SNLK | ||
| -0.44 | 0.31 | -0.21 | -0.57 | UFOE | ||
| 0.35 | -0.38 | -0.21 | 0.1 | MGLV | ||
| 0.67 | -0.42 | -0.57 | 0.1 | LABA | ||
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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 Lima Stock performing well and Lima Dua 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 Lima Dua'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| LFLO | 3.75 | (0.12) | 0.00 | 0.06 | 4.04 | 8.91 | 18.87 | |||
| SNLK | 2.70 | 0.46 | 0.10 | 0.79 | 3.87 | 8.93 | 31.78 | |||
| UFOE | 1.49 | 0.21 | 0.04 | 12.81 | 1.58 | 3.76 | 13.14 | |||
| MGLV | 1.78 | 0.13 | (0.03) | (0.02) | 2.25 | 3.13 | 14.29 | |||
| LABA | 5.24 | (0.18) | 0.00 | 0.21 | 0.00 | 15.70 | 41.23 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Lima Dua 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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