Mayora Indah Correlations
| MYOR Stock | IDR 2,700 20.00 0.74% |
The current 90-days correlation between Mayora Indah Tbk and Indofood Cbp Sukses is 0.43 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mayora Indah moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mayora Indah Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Mayora Indah Correlation With Market
Significant diversification
The correlation between Mayora Indah Tbk and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mayora Indah Tbk and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Mayora Indah could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mayora Indah 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 Mayora Indah - 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 Mayora Indah Tbk to buy it.
Related Correlations Analysis
| 0.11 | 0.13 | 0.34 | 0.43 | ICBP | ||
| 0.11 | 0.88 | 0.82 | 0.27 | KLBF | ||
| 0.13 | 0.88 | 0.86 | 0.25 | UNVR | ||
| 0.34 | 0.82 | 0.86 | 0.31 | ULTJ | ||
| 0.43 | 0.27 | 0.25 | 0.31 | CPIN | ||
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Risk-Adjusted Indicators
There is a big difference between Mayora Stock performing well and Mayora Indah 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 Mayora Indah'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ICBP | 1.16 | 0.10 | (0.04) | (0.22) | 1.34 | 2.50 | 6.18 | |||
| KLBF | 1.27 | (0.20) | 0.00 | 4.29 | 0.00 | 2.64 | 7.58 | |||
| UNVR | 1.70 | (0.23) | 0.00 | 0.86 | 0.00 | 4.24 | 13.19 | |||
| ULTJ | 1.02 | (0.02) | 0.00 | 0.25 | 0.00 | 2.48 | 7.89 | |||
| CPIN | 1.22 | (0.08) | 0.00 | 1.02 | 0.00 | 2.44 | 10.19 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mayora Indah 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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