BAKRIE SUMATERA Correlations

OSW Stock

EUR 0.01 0.0005 4.00%

The current 90-days correlation between BAKRIE SUMATERA PL and Taylor Morrison Home is -0.1 (i.e., Good diversification). The correlation of BAKRIE SUMATERA is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

BAKRIE SUMATERA Correlation With Market

Good diversification

The correlation between BAKRIE SUMATERA PL and DJI is -0.18 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BAKRIE SUMATERA PL and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to BAKRIE SUMATERA could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BAKRIE SUMATERA 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 BAKRIE SUMATERA - 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 BAKRIE SUMATERA PL to buy it.

Moving together with BAKRIE Stock

0.7	AMZ	Amazon Inc	Pair Corr
0.76	ADH2	Air Canada	Pair Corr

Moving against BAKRIE Stock

0.56	CXT	Carmat SA	Pair Corr
0.48	MTO	METTLER TOLEDO INTL	Pair Corr
0.48	MTO	METTLER TOLEDO INTL	Pair Corr
0.47	MTO	Mitie Group PLC	Pair Corr

Related Correlations Analysis

	THM	SH9	CMW	C8C	BE4A	KBH	6GC	1QK
THM		-0.17	0.43	0.85	0.78	0.5	0.19	0.44	THM
SH9	-0.17		-0.42	-0.41	-0.22	0.16	-0.1	-0.11	SH9
CMW	0.43	-0.42		0.57	0.19	-0.17	0.15	0.72	CMW
C8C	0.85	-0.41	0.57		0.69	0.14	0.04	0.4	C8C
BE4A	0.78	-0.22	0.19	0.69		0.58	0.34	0.18	BE4A
KBH	0.5	0.16	-0.17	0.14	0.58		0.33	-0.06	KBH
6GC	0.19	-0.1	0.15	0.04	0.34	0.33		0.11	6GC
1QK	0.44	-0.11	0.72	0.4	0.18	-0.06	0.11		1QK
	THM	SH9	CMW	C8C	BE4A	KBH	6GC	1QK

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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

C8C	+ 0.85	THM
BE4A	+ 0.78	THM
1QK	+ 0.72	CMW
BE4A	+ 0.69	C8C
KBH	+ 0.58	BE4A
C8C	+ 0.57	CMW

High negative correlations

CMW	- 0.42	SH9
C8C	- 0.41	SH9
BE4A	- 0.22	SH9
KBH	- 0.17	CMW
SH9	- 0.17	THM
1QK	- 0.11	SH9

Risk-Adjusted Indicators

There is a big difference between BAKRIE Stock performing well and BAKRIE SUMATERA 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 BAKRIE SUMATERA'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
THM	1.49	0.19	0.07	0.42	1.65	(1.75)	3.28	(2.48)	9.93
SH9	2.92	(0.03)	0.00	0.18	0.00	0.00	6.45	(6.50)	31.86
CMW	1.75	0.06	(0.01)	0.46	1.78	(2.85)	4.00	(2.33)	12.15
C8C	0.63	0.11	0.02	0.54	0.51	(0.86)	1.49	(0.98)	3.38
BE4A	2.08	0.21	0.05	0.44	2.73	(2.37)	4.35	(4.32)	25.40
KBH	1.54	(0.03)	(0.01)	0.09	2.17	(1.86)	3.29	(3.33)	13.71
6GC	1.26	0.10	(0.01)	12.10	1.30	(1.59)	2.15	(2.04)	16.76
1QK	1.34	(0.01)	(0.03)	0.09	1.77	(1.54)	3.45	(3.05)	9.07

Be your own money manager

Our tools can tell you how much better you can do entering a position in BAKRIE SUMATERA 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.

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