Mitra Pinasthika Correlations
| MPMX Stock | IDR 975.00 5.00 0.51% |
The current 90-days correlation between Mitra Pinasthika Mustika and Saratoga Investama Sedaya is 0.31 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mitra Pinasthika moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mitra Pinasthika Mustika moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Mitra Pinasthika Correlation With Market
Good diversification
The correlation between Mitra Pinasthika Mustika and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mitra Pinasthika Mustika and DJI in the same portfolio, assuming nothing else is changed.
Mitra |
The ability to find closely correlated positions to Mitra Pinasthika could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mitra Pinasthika 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 Mitra Pinasthika - 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 Mitra Pinasthika Mustika to buy it.
Moving together with Mitra Stock
Moving against Mitra Stock
| 0.72 | MMIX | Multi Medika Interna | PairCorr |
| 0.63 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.54 | CTBN | PT Citra Tubindo | PairCorr |
| 0.43 | MDRN | Modern Internasional Tbk | PairCorr |
| 0.42 | KKES | PT Kusuma Kemindo | PairCorr |
| 0.33 | BSSR | Baramulti Suksessarana | PairCorr |
Related Correlations Analysis
| 0.73 | 0.36 | 0.52 | -0.26 | SRTG | ||
| 0.73 | 0.03 | 0.79 | -0.31 | DMAS | ||
| 0.36 | 0.03 | 0.26 | -0.49 | POWR | ||
| 0.52 | 0.79 | 0.26 | -0.33 | ERAA | ||
| -0.26 | -0.31 | -0.49 | -0.33 | LINK | ||
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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 Mitra Stock performing well and Mitra Pinasthika 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 Mitra Pinasthika'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SRTG | 2.83 | (0.43) | 0.00 | 30.55 | 0.00 | 7.39 | 22.10 | |||
| DMAS | 0.54 | (0.18) | 0.00 | 1.19 | 0.00 | 0.68 | 3.24 | |||
| POWR | 0.68 | (0.05) | 0.00 | 7.24 | 0.00 | 1.44 | 3.61 | |||
| ERAA | 1.66 | (0.24) | 0.00 | 1.21 | 0.00 | 2.97 | 11.27 | |||
| LINK | 3.33 | 1.16 | 0.41 | 1.01 | 1.75 | 23.75 | 24.92 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mitra Pinasthika 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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Performance AnalysisCheck effects of mean-variance optimization against your current asset allocation |
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Mitra Pinasthika Corporate Management
Elected by the shareholders, the Mitra Pinasthika's board of directors comprises two types of representatives: Mitra Pinasthika inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mitra. The board's role is to monitor Mitra Pinasthika's management team and ensure that shareholders' interests are well served. Mitra Pinasthika'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, Mitra Pinasthika's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Timothy Hutapea | Gen Compliance | Profile | |
| Ivan Hindarko | Operation COO | Profile | |
| Beatrice Busono | Group MD | Profile | |
| Arvin Tju | Budgeting Accounting | Profile | |
| M Agustina | Head CRM | Profile | |
| Andi Putra | GM Projects | Profile |