Mitrabahtera Segara Correlations
| MBSS Stock | IDR 1,025 25.00 2.50% |
The current 90-days correlation between Mitrabahtera Segara and Adhi Karya Persero is 0.09 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mitrabahtera Segara moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mitrabahtera Segara Sejati moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Mitrabahtera Segara Correlation With Market
Significant diversification
The correlation between Mitrabahtera Segara Sejati and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mitrabahtera Segara Sejati and DJI in the same portfolio, assuming nothing else is changed.
Mitrabahtera |
The ability to find closely correlated positions to Mitrabahtera Segara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mitrabahtera Segara 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 Mitrabahtera Segara - 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 Mitrabahtera Segara Sejati to buy it.
Moving together with Mitrabahtera Stock
| 0.85 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.88 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.77 | BBCA | Bank Central Asia Earnings Call This Week | PairCorr |
| 0.82 | BBNI | Bank Negara Indonesia Earnings Call This Week | PairCorr |
| 0.85 | BNGA | Bank Cimb Niaga | PairCorr |
| 0.71 | BRIS | Bank BRISyariah Tbk | PairCorr |
Moving against Mitrabahtera Stock
| 0.77 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.73 | ALDO | Alkindo Naratama Tbk | PairCorr |
| 0.73 | MYOH | Samindo Resources Tbk | PairCorr |
| 0.73 | HITS | Humpuss Intermoda | PairCorr |
| 0.7 | MAPA | MAP Aktif Adiperkasa | PairCorr |
| 0.65 | BESS | Batulicin Nusantara | PairCorr |
| 0.59 | ADRO | Adaro Energy Tbk | PairCorr |
| 0.56 | ARKA | Arkha Jayanti Persada | PairCorr |
| 0.51 | INDF | PT Indofood Sukses | PairCorr |
| 0.39 | PADI | Minna Padi Investama | PairCorr |
Related Correlations Analysis
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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 Mitrabahtera Stock performing well and Mitrabahtera Segara 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 Mitrabahtera Segara'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ADHI | 1.83 | (0.30) | 0.00 | 0.88 | 0.00 | 4.23 | 13.69 | |||
| WSKT | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| PTPP | 1.70 | (0.41) | 0.00 | 1.21 | 0.00 | 3.70 | 12.26 | |||
| JSMR | 1.23 | (0.20) | 0.00 | 3.57 | 0.00 | 2.69 | 10.21 | |||
| PGAS | 1.53 | 0.12 | 0.05 | 1.49 | 1.73 | 3.50 | 11.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mitrabahtera Segara 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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