Midi Utama Correlations
| MIDI Stock | IDR 416.00 2.00 0.48% |
The current 90-days correlation between Midi Utama Indonesia and Hero Supermarket Tbk is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Midi Utama moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Midi Utama Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Midi Utama Correlation With Market
Good diversification
The correlation between Midi Utama Indonesia and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Midi Utama Indonesia and DJI in the same portfolio, assuming nothing else is changed.
Midi |
The ability to find closely correlated positions to Midi Utama could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Midi Utama 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 Midi Utama - 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 Midi Utama Indonesia to buy it.
Moving together with Midi Stock
| 0.8 | BBCA | Bank Central Asia | PairCorr |
| 0.61 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.87 | AMRT | Sumber Alfaria Trijaya | PairCorr |
Moving against Midi Stock
Related Correlations Analysis
| 0.3 | 0.14 | -0.33 | -0.03 | AMRT | ||
| 0.3 | 0.6 | 0.01 | -0.46 | HERO | ||
| 0.14 | 0.6 | 0.26 | -0.78 | RANC | ||
| -0.33 | 0.01 | 0.26 | -0.16 | MICE | ||
| -0.03 | -0.46 | -0.78 | -0.16 | MFMI | ||
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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 Midi Stock performing well and Midi Utama 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 Midi Utama'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMRT | 1.43 | 0.04 | (0.06) | 0.01 | 1.92 | 3.21 | 9.84 | |||
| HERO | 1.74 | (0.24) | 0.00 | 11.84 | 0.00 | 4.72 | 12.01 | |||
| RANC | 1.31 | (0.10) | 0.00 | 0.47 | 0.00 | 2.92 | 14.58 | |||
| MICE | 0.98 | 0.18 | (0.02) | (0.14) | 1.05 | 2.97 | 13.23 | |||
| MFMI | 2.35 | 0.54 | 0.08 | 1.32 | 2.69 | 9.77 | 19.72 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Midi Utama 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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Midi Utama Corporate Management
Elected by the shareholders, the Midi Utama's board of directors comprises two types of representatives: Midi Utama inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Midi. The board's role is to monitor Midi Utama's management team and ensure that shareholders' interests are well served. Midi Utama'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, Midi Utama's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Solihin | Franchise License | Profile | |
| Rini Hestrinalia | Gen Marketing | Profile | |
| Yohanes Santoso | Operation Director | Profile | |
| Kristi Isla | Gen Capital | Profile |