Sekar Laut Correlations
| SKLT Stock | IDR 178.00 4.00 2.20% |
The current 90-days correlation between Sekar Laut Tbk and Kalbe Farma Tbk is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sekar Laut moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sekar Laut Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sekar Laut Correlation With Market
Very good diversification
The correlation between Sekar Laut Tbk and DJI is -0.25 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sekar Laut Tbk and DJI in the same portfolio, assuming nothing else is changed.
Sekar |
The ability to find closely correlated positions to Sekar Laut could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sekar Laut 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 Sekar Laut - 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 Sekar Laut Tbk to buy it.
Moving against Sekar Stock
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