Salim Ivomas Correlations
| SIMP Stock | IDR 380.00 6.00 1.60% |
The current 90-days correlation between Salim Ivomas Pratama and Alam Sutera Realty is 0.27 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Salim Ivomas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salim Ivomas Pratama moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Salim Ivomas Correlation With Market
Good diversification
The correlation between Salim Ivomas Pratama and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Salim Ivomas Pratama and DJI in the same portfolio, assuming nothing else is changed.
Salim |
The ability to find closely correlated positions to Salim Ivomas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Salim Ivomas 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 Salim Ivomas - 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 Salim Ivomas Pratama to buy it.
Moving together with Salim Stock
| 0.75 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.86 | SCCO | Supreme Cable Manufa | PairCorr |
| 0.94 | AALI | Astra Agro Lestari | PairCorr |
| 0.9 | ADMF | Adira Dinamika Multi | PairCorr |
| 0.8 | TCID | Mandom Indonesia Tbk | PairCorr |
| 0.83 | AMFG | Asahimas Flat Glass | PairCorr |
| 0.89 | BBNI | Bank Negara Indonesia Earnings Call Today | PairCorr |
| 0.78 | MKPI | Metropolitan Kentjana Tbk | PairCorr |
Related Correlations Analysis
| -0.58 | 0.76 | 0.85 | 0.54 | ASRI | ||
| -0.58 | -0.55 | -0.54 | -0.1 | BKSL | ||
| 0.76 | -0.55 | 0.67 | 0.44 | GJTL | ||
| 0.85 | -0.54 | 0.67 | 0.24 | AKRA | ||
| 0.54 | -0.1 | 0.44 | 0.24 | SSIA | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Salim Stock performing well and Salim Ivomas 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 Salim Ivomas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASRI | 2.07 | (0.72) | 0.00 | (56.89) | 0.00 | 4.73 | 10.89 | |||
| BKSL | 3.54 | 0.52 | 0.09 | (16.87) | 3.54 | 9.09 | 19.59 | |||
| GJTL | 1.65 | (0.02) | 0.00 | (0.82) | 0.00 | 2.75 | 17.99 | |||
| AKRA | 2.01 | (0.29) | 0.00 | (0.45) | 0.00 | 4.62 | 12.07 | |||
| SSIA | 2.47 | (0.20) | 0.00 | (1.04) | 0.00 | 5.66 | 25.42 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Salim Ivomas 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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Salim Ivomas Corporate Management
Elected by the shareholders, the Salim Ivomas' board of directors comprises two types of representatives: Salim Ivomas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Salim. The board's role is to monitor Salim Ivomas' management team and ensure that shareholders' interests are well served. Salim Ivomas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Salim Ivomas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Grace Harun | Head HR | Profile | |
| Tan Dermawan | Controller Accounting | Profile | |
| Fajar Triadi | Investor Relations | Profile | |
| Muhammad Shevy | Head Legal | Profile | |
| Muhammad Waras | Head Sustainability | Profile | |
| Djatmiko | Head Technology | Profile | |
| Harrijanto Kusumo | Head Procurement | Profile |