Media Nusantara Correlations

PTMEY Stock

USD 2.09 0.00 0.00%

The current 90-days correlation between Media Nusantara Citra and Apartment Investment and is -0.06 (i.e., Good diversification). The correlation of Media Nusantara 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.

Media Nusantara Correlation With Market

Average diversification

The correlation between Media Nusantara Citra and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Media Nusantara Citra and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Media Nusantara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Media Nusantara 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 Media Nusantara - 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 Media Nusantara Citra to buy it.

Moving together with Media Pink Sheet

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0.76	JPM	JPMorgan Chase	Pair Corr

Moving against Media Pink Sheet

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0.78	DNTUY	Dentsu Inc ADR	Pair Corr
0.74	HNHPF	Hon Hai Precision	Pair Corr
0.69	OMC	Omnicom Group	Pair Corr
0.69	WPPGF	WPP plc	Pair Corr
0.63	IPG	Interpublic Group	Pair Corr
0.64	DIS	Walt Disney	Pair Corr
0.59	PG	Procter Gamble	Pair Corr
0.59	HPQ	HP Inc Earnings Call Today	Pair Corr
0.55	MRK	Merck Company Aggressive Push	Pair Corr
0.49	TRV	The Travelers Companies	Pair Corr
0.44	MSFT	Microsoft	Pair Corr
0.44	DD	Dupont De Nemours	Pair Corr
0.38	CAT	Caterpillar	Pair Corr
0.36	XOM	Exxon Mobil Corp	Pair Corr

Related Correlations Analysis

	AIV	ESNT	AEG	PINXF	ALHC	SPNT	CAFZF
AIV		0.81	0.64	0.18	0.91	-0.32	0.83	AIV
ESNT	0.81		0.77	0.0	0.89	-0.1	0.65	ESNT
AEG	0.64	0.77		-0.01	0.71	-0.04	0.6	AEG
PINXF	0.18	0.0	-0.01		0.24	-0.26	-0.05	PINXF
ALHC	0.91	0.89	0.71	0.24		-0.39	0.81	ALHC
SPNT	-0.32	-0.1	-0.04	-0.26	-0.39		-0.54	SPNT
CAFZF	0.83	0.65	0.6	-0.05	0.81	-0.54		CAFZF
	AIV	ESNT	AEG	PINXF	ALHC	SPNT	CAFZF

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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

ALHC	+ 0.91	AIV
ALHC	+ 0.89	ESNT
CAFZF	+ 0.83	AIV
ESNT	+ 0.81	AIV
CAFZF	+ 0.81	ALHC
AEG	+ 0.77	ESNT

High negative correlations

CAFZF	- 0.54	SPNT
SPNT	- 0.39	ALHC
SPNT	- 0.32	AIV
SPNT	- 0.26	PINXF
SPNT	- 0.1	ESNT
CAFZF	- 0.05	PINXF

Risk-Adjusted Indicators

There is a big difference between Media Pink Sheet performing well and Media Nusantara 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 Media Nusantara'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
AIV	1.03	0.13	0.09	2.19	1.16	(1.20)	3.07	(2.07)	11.40
ESNT	0.90	0.02	0.02	0.04	1.25	(0.91)	1.89	(2.51)	5.89
AEG	1.22	(0.06)	0.00	(0.05)	0.00	0.00	2.01	(2.31)	13.25
PINXF	0.09	0.03	0.00	1.01	0.00	0.00	0.00	0.00	2.86
ALHC	2.23	0.30	0.10	0.34	2.76	(2.34)	4.56	(4.55)	21.92
SPNT	1.55	(0.02)	0.00	(0.02)	0.00	0.00	2.59	(3.57)	19.39
CAFZF	0.42	0.01	0.00	(0.02)	0.00	0.00	0.00	0.00	9.09

Be your own money manager

Our tools can tell you how much better you can do entering a position in Media Nusantara 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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Media Nusantara Corporate Management

Kanti Imansyah	VP Marketing	Profile
Teddy Pun	Head of Investor Relation and Corporate Fin.	Profile
Ruby Panjaitan	F Director	Profile
Noersing MBA	Pres Director	Profile
Fauzi Badjened	Head Unit	Profile

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