Sumber Global Correlations
| SGER Stock | IDR 348.00 6.00 1.69% |
The current 90-days correlation between Sumber Global Energy and Golden Eagle Energy is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sumber Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sumber Global Energy moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sumber Global Correlation With Market
Average diversification
The correlation between Sumber Global Energy 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 Sumber Global Energy and DJI in the same portfolio, assuming nothing else is changed.
Sumber |
The ability to find closely correlated positions to Sumber Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sumber Global 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 Sumber Global - 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 Sumber Global Energy to buy it.
Moving together with Sumber Stock
| 0.9 | ADMR | Adaro Minerals Indonesia | PairCorr |
| 0.79 | PTBA | Bukit Asam Tbk | PairCorr |
| 0.65 | MCOL | Prima Andalan Mandiri | PairCorr |
| 0.89 | DOID | Delta Dunia Makmur | PairCorr |
| 0.81 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.7 | BBRI | Bank Rakyat Indonesia Earnings Call This Week | PairCorr |
| 0.84 | BBCA | Bank Central Asia | PairCorr |
| 0.83 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.75 | ASII | Astra International Tbk | PairCorr |
| 0.8 | BNGA | Bank Cimb Niaga | PairCorr |
| 0.73 | BRIS | Bank BRISyariah Tbk | PairCorr |
| 0.71 | NISP | Bank Ocbc Nisp | PairCorr |
Moving against Sumber Stock
| 0.75 | MMIX | Multi Medika Interna | PairCorr |
| 0.67 | ADRO | Adaro Energy Tbk | PairCorr |
| 0.57 | MYOH | Samindo Resources Tbk | PairCorr |
| 0.33 | BSSR | Baramulti Suksessarana | PairCorr |
Related Correlations Analysis
| -0.16 | -0.08 | 0.06 | 0.02 | SMMT | ||
| -0.16 | -0.23 | -0.06 | 0.36 | BSSR | ||
| -0.08 | -0.23 | 0.81 | -0.26 | TOBA | ||
| 0.06 | -0.06 | 0.81 | -0.26 | KKGI | ||
| 0.02 | 0.36 | -0.26 | -0.26 | SAMF | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Sumber Stock performing well and Sumber Global 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 Sumber Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMMT | 0.87 | (0.08) | 0.00 | 0.37 | 0.00 | 2.00 | 13.06 | |||
| BSSR | 0.88 | 0.02 | (0.07) | (0.22) | 1.03 | 1.89 | 7.78 | |||
| TOBA | 2.39 | (0.71) | 0.00 | (23.68) | 0.00 | 4.85 | 20.75 | |||
| KKGI | 1.54 | (0.29) | 0.00 | 0.57 | 0.00 | 3.81 | 10.73 | |||
| SAMF | 2.30 | 0.43 | 0.10 | (4.63) | 2.61 | 7.98 | 33.59 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sumber Global 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?
Run Pattern Recognition Now
Pattern RecognitionUse different Pattern Recognition models to time the market across multiple global exchanges |
| All Next | Launch Module |
Sumber Global Corporate Management
Elected by the shareholders, the Sumber Global's board of directors comprises two types of representatives: Sumber Global inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sumber. The board's role is to monitor Sumber Global's management team and ensure that shareholders' interests are well served. Sumber Global's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Sumber Global's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Muhammad Kestiadi | Co Sec | Profile | |
| Michael Harold | Co Sec | Profile | |
| Welly Thomas | Pres Director | Profile | |
| Venkateswaran Venkatraman | Director Director | Profile | |
| Christine Indriani | Head Unit | Profile |