Semen Indonesia Correlations

SMGR Stock  IDR 3,030  80.00  2.71%   
The current 90-days correlation between Semen Indonesia Persero and Indocement Tunggal Prakarsa is 0.38 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Semen Indonesia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Semen Indonesia Persero moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Semen Indonesia Correlation With Market

Average diversification

The correlation between Semen Indonesia Persero and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Semen Indonesia Persero and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Semen Indonesia could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Semen Indonesia 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 Semen Indonesia - 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 Semen Indonesia Persero to buy it.

Moving together with Semen Stock

  0.87AGII Aneka Gas IndustriPairCorr
  0.89ISSP Steel Pipe IndustryPairCorr
  0.72GDST Gunawan Dianjaya SteelPairCorr
  0.68BAJA Saranacentral BajatamaPairCorr
  0.82ALKA Alakasa Industrindo TbkPairCorr
  0.76NPGF Nusa Palapa GemilangPairCorr
  0.77UNVR Unilever Indonesia TbkPairCorr
  0.68TCPI Transcoal Pacific TbkPairCorr
  0.87TFAS Telefast IndonesiaPairCorr

Moving against Semen Stock

  0.85CLAY Citra Putra RealtyPairCorr
  0.48SURE Super Energy TbkPairCorr
  0.33BEBS Berkah Beton SadayaPairCorr

Related Correlations Analysis

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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   
INDFUNTR
JSMRUNTR
JSMRINTP
UNTRINTP
PGASINDF
INDFINTP
  
High negative correlations   
PGASINTP
PGASJSMR
PGASUNTR
INDFJSMR
INDFINTP

Risk-Adjusted Indicators

There is a big difference between Semen Stock performing well and Semen Indonesia 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 Semen Indonesia'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Semen Indonesia 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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