Astra International Correlations

Pink Sheets . USA . 
Stock . Astra International Tbk
PTAIY Stock  USD 5.87  0.08  1.34%   
The current 90-days correlation between Astra International Tbk and AB SKF is 0.11 (i.e., Average diversification). The correlation of Astra International 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Astra International Correlation With Market

Average diversification

The correlation between Astra International Tbk and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astra International Tbk and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Astra International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astra International 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 Astra International - 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 Astra International Tbk to buy it.

Moving together with Astra Pink Sheet

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Moving against Astra Pink Sheet

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  0.55MFG Mizuho Financial Earnings Call TomorrowPairCorr
  0.54FYGGY Fuyao Glass IndustryPairCorr
  0.53SMFG Sumitomo Mitsui Financial Earnings Call TodayPairCorr
  0.52SMFNF Sumitomo Mitsui Financial Earnings Call TodayPairCorr
  0.44MZHOF Mizuho Financial Earnings Call TomorrowPairCorr
  0.4CTTAY Continental AG PKPairCorr
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  0.74MVST Microvast HoldingsPairCorr
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  0.67DDS DillardsPairCorr
  0.47ARBE Arbe RoboticsPairCorr
  0.46DLX Deluxe Earnings Call TodayPairCorr
  0.45NFLX NetflixPairCorr
  0.41BSIIU Black Spade AcquisitionPairCorr
  0.34WWD WoodwardPairCorr
  0.33ACR Acres Commercial RealtyPairCorr
  0.7GME GameStop CorpPairCorr
  0.66CEVA CEVA IncPairCorr
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  0.62ALAB Astera Labs, Common Buyout TrendPairCorr

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   
AHEXY
+ 0.92
SOMMY
NDEKY
+ 0.53
SKFRY
MIELY
+ 0.25
SKFRY
MIELY
+ 0.09
NDEKY
  
High negative correlations   
NDEKY
- 0.49
SOMMY
NDEKY
- 0.41
AHEXY
MIELY
- 0.22
AHEXY
SKFRY
- 0.19
SOMMY
AHEXY
- 0.12
SKFRY
MIELY
- 0.04
SOMMY

Risk-Adjusted Indicators

There is a big difference between Astra Pink Sheet performing well and Astra International 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 Astra International'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 Astra International 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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Astra International Corporate Management

Aloysius SantosoChief DevelProfile
Supranoto TirtodidjojoChief OperationProfile
Yoke LohChief AdvisoryProfile
Endro WahyonoChief AccountingProfile
Benny HalimChief TechnologyProfile
Chiew CheokChief DirectorProfile
Gita BoerGroup General Counsel and Corporate SecretaryProfile
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