Paramita Bangun Correlations
| PBSA Stock | 338.00 2.00 0.59% |
The current 90-days correlation between Paramita Bangun Sarana and Nusa Raya Cipta is 0.05 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Paramita Bangun moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Paramita Bangun Sarana moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Paramita Bangun Correlation With Market
Good diversification
The correlation between Paramita Bangun Sarana 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 Paramita Bangun Sarana and DJI in the same portfolio, assuming nothing else is changed.
Paramita |
The ability to find closely correlated positions to Paramita Bangun could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Paramita Bangun 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 Paramita Bangun - 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 Paramita Bangun Sarana to buy it.
Moving together with Paramita Stock
Moving against Paramita Stock
| 0.91 | UNVR | Unilever Indonesia Tbk | PairCorr |
| 0.88 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.88 | TPIA | Chandra Asri Petroch | PairCorr |
| 0.83 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.76 | ARTO | Bank Artos Indonesia | PairCorr |
| 0.76 | GIAA | Garuda Indonesia Persero | PairCorr |
| 0.71 | MDKA | Merdeka Copper Gold | PairCorr |
| 0.68 | BBCA | Bank Central Asia | PairCorr |
Related Correlations Analysis
| 0.46 | 0.27 | -0.1 | -0.28 | NRCA | ||
| 0.46 | -0.17 | -0.21 | -0.39 | IDPR | ||
| 0.27 | -0.17 | 0.44 | 0.39 | NELY | ||
| -0.1 | -0.21 | 0.44 | 0.84 | PPRE | ||
| -0.28 | -0.39 | 0.39 | 0.84 | JKON | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Paramita Stock performing well and Paramita Bangun 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 Paramita Bangun'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NRCA | 1.47 | (0.04) | (0.06) | (0.03) | 1.90 | 3.26 | 14.39 | |||
| IDPR | 2.13 | 0.24 | 0.05 | 3.32 | 2.09 | 5.56 | 15.85 | |||
| NELY | 0.59 | 0.00 | 0.00 | 0.12 | 0.00 | 1.72 | 4.33 | |||
| PPRE | 2.15 | (0.26) | 0.00 | 0.70 | 0.00 | 4.41 | 19.89 | |||
| JKON | 1.46 | (0.28) | 0.00 | (1.78) | 0.00 | 3.26 | 9.36 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Paramita Bangun 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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Paramita Bangun Corporate Management
Elected by the shareholders, the Paramita Bangun's board of directors comprises two types of representatives: Paramita Bangun inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Paramita. The board's role is to monitor Paramita Bangun's management team and ensure that shareholders' interests are well served. Paramita Bangun'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, Paramita Bangun's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Tan Astari | Head Audit | Profile | |
| Arie Prabowo | Safety Health | Profile | |
| Yonggi Tanuwidjaja | CEO Director | Profile | |
| Gunawan Widisono | HR Mang | Profile | |
| Vincentius Susanto | Corp Director | Profile |