Sejahtera Bintang Correlations
| SBAT Stock | IDR 1.00 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sejahtera Bintang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sejahtera Bintang Abadi moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
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The ability to find closely correlated positions to Sejahtera Bintang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sejahtera Bintang 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 Sejahtera Bintang - 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 Sejahtera Bintang Abadi to buy it.
Related Correlations Analysis
| 0.62 | 0.79 | 0.59 | 0.77 | PURA | ||
| 0.62 | 0.64 | 0.07 | 0.54 | KBAG | ||
| 0.79 | 0.64 | 0.46 | 0.66 | IKAN | ||
| 0.59 | 0.07 | 0.46 | 0.54 | TGRA | ||
| 0.77 | 0.54 | 0.66 | 0.54 | NATO | ||
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Risk-Adjusted Indicators
There is a big difference between Sejahtera Stock performing well and Sejahtera Bintang 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 Sejahtera Bintang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PURA | 3.35 | (0.64) | 0.00 | 0.78 | 0.00 | 7.69 | 16.78 | |||
| KBAG | 2.73 | (0.11) | 0.00 | 0.20 | 0.00 | 5.56 | 20.00 | |||
| IKAN | 3.07 | (0.40) | 0.00 | 5.91 | 0.00 | 8.33 | 19.52 | |||
| TGRA | 2.78 | (0.33) | 0.00 | (0.26) | 0.00 | 7.69 | 18.70 | |||
| NATO | 0.84 | (0.08) | 0.00 | (0.55) | 0.00 | 2.70 | 6.70 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sejahtera Bintang 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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