PT Kalbe Correlations
| PTKFF Stock | USD 0.1 0.01 13.55% |
The current 90-days correlation between PT Kalbe Farma and Amgen Inc is 0.18 (i.e., Average diversification). The correlation of PT Kalbe 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 Kalbe Correlation With Market
Significant diversification
The correlation between PT Kalbe Farma and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Kalbe Farma and DJI in the same portfolio, assuming nothing else is changed.
PTKFF |
The ability to find closely correlated positions to PT Kalbe 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 Kalbe 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 Kalbe - 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 Kalbe Farma to buy it.
Moving together with PTKFF Pink Sheet
Moving against PTKFF Pink Sheet
| 0.53 | DECK | Deckers Outdoor | PairCorr |
| 0.35 | STI | Solidion Technology Symbol Change | PairCorr |
| 0.55 | RCAT | Red Cat Holdings Trending | PairCorr |
| 0.48 | SNOW | Snowflake Trending | PairCorr |
| 0.47 | DXYZ | Destiny Tech100 | PairCorr |
| 0.47 | CRWD | Crowdstrike Holdings Earnings Call This Week | PairCorr |
| 0.43 | PYPL | PayPal Holdings | PairCorr |
| 0.42 | LLYVK | Liberty Media | PairCorr |
| 0.41 | GVA | Granite Construction | PairCorr |
| 0.37 | SCHW | Charles Schwab Corp Fiscal Year End 15th of January 2025 | PairCorr |
| 0.36 | STLD | Steel Dynamics Fiscal Year End 28th of January 2025 | PairCorr |
| 0.35 | ZM | Zoom Video Communications Earnings Call This Week | PairCorr |
| 0.32 | ALAB | Astera Labs, Common Tech Boost | PairCorr |
| 0.31 | NVDA | NVIDIA | PairCorr |
| 0.31 | ADSK | Autodesk | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between PTKFF Pink Sheet performing well and PT Kalbe 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 Kalbe'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMGN | 1.03 | (0.25) | 0.00 | (0.13) | 0.00 | 1.67 | 9.43 | |||
| BMY | 1.32 | 0.34 | 0.12 | (1.01) | 1.23 | 2.23 | 14.39 | |||
| RHHVF | 1.14 | (0.21) | 0.00 | 1.25 | 0.00 | 1.79 | 5.43 | |||
| NVSEF | 1.39 | (0.27) | 0.00 | (0.29) | 0.00 | 5.28 | 12.02 | |||
| SCLXW | 10.84 | 0.53 | 0.07 | 0.21 | 12.01 | 36.00 | 109.99 | |||
| RHHBY | 0.98 | (0.25) | 0.00 | (38.97) | 0.00 | 1.20 | 7.58 | |||
| NVS | 0.69 | (0.22) | 0.00 | (0.88) | 0.00 | 1.12 | 6.05 | |||
| SCLX | 4.47 | (0.89) | 0.00 | 0.97 | 0.00 | 9.38 | 29.49 | |||
| AZN | 1.05 | (0.40) | 0.00 | 28.98 | 0.00 | 1.28 | 8.50 | |||
| HZNP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
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PT Kalbe Corporate Management
| Lanny Soputro | G HR | Profile | |
| Kurniawan Suhartono | Head Unit | Profile | |
| Sie Djohan | Management Devel | Profile | |
| Lukito Gozali | Head Relations | Profile |