PT Bank Correlations

Stocks . Germany . 
Stock . PT Bank Mandiri
PQ9 Stock  EUR 0.34  0.02  5.56%   
The correlation of PT Bank 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.

PT Bank Correlation With Market

Good diversification

The correlation between PT Bank Mandiri and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Bank Mandiri and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to PT Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PT Bank 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 PT Bank - 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 PT Bank Mandiri to buy it.

Moving together with PQ9 Stock

  0.75BYRA PT Bank RakyatPairCorr
  0.67SSU Samsung ElectronicsPairCorr
  0.68SSUN Samsung ElectronicsPairCorr
  0.68SSU Samsung ElectronicsPairCorr
  0.68SSUN Samsung ElectronicsPairCorr
  0.84BYRA BANK RAKYAT INDPairCorr
  0.73BYRA PT Bank RakyatPairCorr
  0.72BYRA BANK RAKYAT INDPairCorr
  0.78PQ9 BANK MANDIRIPairCorr

Moving against PQ9 Stock

  0.8DEVL DBS Group HoldingsPairCorr
  0.77MZ8A Mizuho FinancialPairCorr
  0.75MZ8 Mizuho FinancialPairCorr
  0.645JP Japan Post BankPairCorr
  0.53ICBA ICICI Bank Limited Earnings Call TomorrowPairCorr
  0.47HDFA HDFC Bank LimitedPairCorr
  0.8XKR KAR Auction ServicesPairCorr
  0.79HEI Heidelberg MaterialsPairCorr
  0.78RHM Rheinmetall AGPairCorr
  0.75C8C Consolidated CommunicationsPairCorr
  0.74APC Apple IncPairCorr
  0.71SNQB SANOMA DusseldorfPairCorr
  0.7NY70 MOLSON RS BEVERAGEPairCorr
  0.7NTOA NintendoPairCorr
  0.68C7T CTT CorreiosPairCorr
  0.66NH5 NH HOTEL GROUPPairCorr
  0.64ESY Easy Software AGPairCorr
  0.63FAA FABASOFT DusseldorfPairCorr
  0.61YC3 CONCORDIA FINL GROUPPairCorr
  0.571FA SPROUTS FARMERS MKTPairCorr
  0.55IFX Infineon TechnologiesPairCorr
  0.54FDX FedExPairCorr
  0.813RKU RYOHIN UNSPADR/1PairCorr
  0.79KEL Kellogg CompanyPairCorr
  0.75FOO SalesforcePairCorr
  0.71DDN Darden RestaurantsPairCorr

Related Correlations Analysis

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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   
2XI
+ 1.0
4KH
FWQ
+ 0.8
FWQ
9XJ
+ 0.41
FWQ
FWQ
+ 0.4
9XJ
SD5
+ 0.28
FWQ
FWQ
+ 0.13
SD5
  
High negative correlations   
9XJ
- 0.78
GS2C
FWQ
- 0.74
GS2C
FWQ
- 0.64
GS2C
SD5
- 0.18
GS2C
SD5
- 0.11
9XJ
FWQ
- 0.0
2XI

Risk-Adjusted Indicators

There is a big difference between PQ9 Stock performing well and PT Bank 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 PT Bank'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in PT Bank 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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PT Bank Corporate Management

Elected by the shareholders, the PT Bank's board of directors comprises two types of representatives: PT Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of PQ9. The board's role is to monitor PT Bank's management team and ensure that shareholders' interests are well served. PT Bank'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, PT Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.
Aquarius RudiantoDirector DirectorProfile
Darmawan JunaidiPres DirectorProfile
Riduan AhmadDirector DirectorProfile
Laurensius TeiseranGroup RelationProfile
Dedy KrisnawanGroup LegalProfile
Agus HandayaDirector DirectorProfile
Toto PrasetioSr InformationProfile
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