Palma Serasih Correlations
| PSGO Stock | IDR 190.00 1.00 0.52% |
The current 90-days correlation between Palma Serasih PT and Mahkota Group Tbk is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Palma Serasih moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Palma Serasih PT moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Palma Serasih Correlation With Market
Good diversification
The correlation between Palma Serasih PT 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 Palma Serasih PT and DJI in the same portfolio, assuming nothing else is changed.
Palma |
The ability to find closely correlated positions to Palma Serasih could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Palma Serasih 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 Palma Serasih - 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 Palma Serasih PT to buy it.
Moving against Palma Stock
| 0.75 | STAA | Sumber Tani Agung | PairCorr |
| 0.74 | BMRI | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.7 | BBNI | Bank Negara Indonesia Earnings Call Tomorrow | PairCorr |
| 0.69 | TAPG | Triputra Agro Persada | PairCorr |
| 0.69 | TBLA | Tunas Baru Lampung | PairCorr |
| 0.69 | FISH | Fks Multi Agro | PairCorr |
| 0.68 | CBUT | Citra Borneo Utama | PairCorr |
| 0.67 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.57 | BBCA | Bank Central Asia Earnings Call Tomorrow | PairCorr |
| 0.52 | TLDN | Teladan Prima Agro | PairCorr |
| 0.39 | SRTG | Saratoga Investama Sedaya | PairCorr |
| 0.35 | UNVR | Unilever Indonesia Tbk | PairCorr |
Related Correlations Analysis
| 0.01 | 0.14 | 0.43 | -0.05 | MGRO | ||
| 0.01 | 0.36 | -0.24 | 0.0 | PALM | ||
| 0.14 | 0.36 | -0.57 | -0.03 | PMJS | ||
| 0.43 | -0.24 | -0.57 | 0.0 | CSRA | ||
| -0.05 | 0.0 | -0.03 | 0.0 | PGUN | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between Palma Stock performing well and Palma Serasih 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 Palma Serasih'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MGRO | 1.08 | 0.03 | 0.00 | 0.23 | 1.49 | 1.54 | 7.26 | |||
| PALM | 1.29 | (0.10) | 0.00 | (0.30) | 0.00 | 2.44 | 15.92 | |||
| PMJS | 1.96 | (0.22) | 0.00 | (0.24) | 0.00 | 3.39 | 17.69 | |||
| CSRA | 1.27 | 0.17 | 0.07 | (0.78) | 1.46 | 3.17 | 7.75 | |||
| PGUN | 0.60 | 0.26 | 0.00 | 0.84 | 0.00 | 0.00 | 2.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Palma Serasih 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?
Run CEOs Directory Now
CEOs DirectoryScreen CEOs from public companies around the world |
| All Next | Launch Module |
Palma Serasih Corporate Management
Elected by the shareholders, the Palma Serasih's board of directors comprises two types of representatives: Palma Serasih inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Palma. The board's role is to monitor Palma Serasih's management team and ensure that shareholders' interests are well served. Palma Serasih'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, Palma Serasih's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Chandra Harisun | Bus Director | Profile | |
| Johanes Gosal | Strategic Director | Profile | |
| Astrida Bachtiar | Corp Director | Profile | |
| Angelica Chairil | B Director | Profile | |
| Elly Taha | Head Unit | Profile | |
| Budiono Tanbun | Pres Director | Profile |