Bank Negara Correlations
| PTBRY Stock | USD 16.76 1.26 8.13% |
The current 90-days correlation between Bank Negara Indonesia and PSB Holdings is -0.19 (i.e., Good diversification). The correlation of Bank Negara 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.
Bank Negara Correlation With Market
Very good diversification
The correlation between Bank Negara Indonesia and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank Negara Indonesia and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Bank Negara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Negara 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 Bank Negara - 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 Bank Negara Indonesia to buy it.
Moving together with Bank Pink Sheet
Moving against Bank Pink Sheet
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Related Correlations Analysis
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Our tools can tell you how much better you can do entering a position in Bank Negara 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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Bank Negara Corporate Management
| Muhammad Iqbal | Enterprise Director | Profile | |
| Johansyah | Head Division | Profile | |
| Ayu Wulandari | Head Division | Profile | |
| Yohan Setio | Head Economist | Profile | |
| Novita Anggraini | MD Director | Profile | |
| Dhias Widhiyati | Head Division | Profile | |
| Efrizal | Head Division | Profile |