BANK MANDIRI Correlations

PQ9 Stock

EUR 0.23 -0.01 -4.17%

The current 90-days correlation between BANK MANDIRI and Step One Clothing is -0.05 (i.e., Excellent diversification).Pairwise correlation with sector peers establishes whether the stock offers truly differentiated exposure.

Market Linkage for BANK MANDIRI

Very strong inverse diversification

For the present investment horizon, the measured correlation between BANK MANDIRI and Dow Jones stands at -0.64, or Very strong inverse diversification. In portfolio terms, the overlap shows how much shared movement remains after combining both positions.

Correlation data shows how BANK MANDIRI aligns with related instruments. The dataset is based on historical price relationships and return patterns.

Moving Differently From BANK MANDIRI Stock

0.62	DBPE	Xtrackers LevDAX	Pair Corr
0.59	VU1	Aura Energy Limited	Pair Corr
0.57	NCB	Bank of America	Pair Corr
0.42	E908	Lyxor 1	Pair Corr
0.36	1B1	ONCOARENDI THERAP ZY 01	Pair Corr
0.35	JMI	Deep Yellow Limited	Pair Corr
0.34	PX0	POLARX LTD	Pair Corr
0.33	PRG	PROCTERGAMBLE	Pair Corr

Related Correlations Analysis

	O8M	ZSV	E9M	JATA	SC3	CJH	J6H
O8M		0.46	0.0	0.3	-0.42	0.41	0.23	O8M
ZSV	0.46		0.0	0.09	0.06	-0.1	-0.57	ZSV
E9M	0.0	0.0		0.0	0.0	0.0	0.0	E9M
JATA	0.3	0.09	0.0		-0.5	-0.09	0.33	JATA
SC3	-0.42	0.06	0.0	-0.5		-0.33	-0.23	SC3
CJH	0.41	-0.1	0.0	-0.09	-0.33		0.32	CJH
J6H	0.23	-0.57	0.0	0.33	-0.23	0.32		J6H
	O8M	ZSV	E9M	JATA	SC3	CJH	J6H

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

ZSV	+ 0.46	O8M
CJH	+ 0.41	O8M
J6H	+ 0.33	JATA
J6H	+ 0.32	CJH
JATA	+ 0.3	O8M
J6H	+ 0.23	O8M

High negative correlations

J6H	- 0.57	ZSV
SC3	- 0.5	JATA
SC3	- 0.42	O8M
CJH	- 0.33	SC3
J6H	- 0.23	SC3
CJH	- 0.1	ZSV

Risk-Adjusted Indicators

Headline performance for BANK MANDIRI Stock may not fully reflect how the business compares across its competitive set. Risk-adjusted metrics help compare BANK MANDIRI's efficiency and downside exposure against peers on a like-for-like basis. These indicators are quantitative in nature and measure volatility and risk-adjusted expected returns across different positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
O8M	3.21	-0.09	0.00	-0.06	0.00	0.00	6.93	-8.06	20.02
ZSV	3.00	0.63	0.17	0.97	3.13	-3.51	8.11	-4.87	19.63
E9M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
JATA	1.43	0.13	0.07	0.37	1.54	-1.96	3.38	-2.53	14.99
SC3	2.13	0.02	0.01	-0.13	3.52	-2.30	4.05	-4.42	22.88
CJH	1.96	-0.31	0.00	31.57	0.00	0.00	5.03	-4.14	14.98
J6H	2.65	-0.79	0.00	4.74	0.00	0.00	8.33	-9.09	23.72

Be Your Own Money Manager

Serious investors usually evaluate BANK MANDIRI in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. Comparing expected return, volatility, and correlation before the position is increased or introduced reduces avoidable risk.

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