Soechi Lines Correlations
| SOCI Stock | IDR 163.00 1.00 0.62% |
The current 90-days correlation between Soechi Lines Tbk and Buana Listya Tama is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Soechi Lines moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Soechi Lines Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Soechi Lines Correlation With Market
Very good diversification
The correlation between Soechi Lines Tbk and DJI is -0.28 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Soechi Lines Tbk and DJI in the same portfolio, assuming nothing else is changed.
Soechi |
The ability to find closely correlated positions to Soechi Lines could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Soechi Lines 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 Soechi Lines - 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 Soechi Lines Tbk to buy it.
Moving together with Soechi Stock
| 0.92 | MBAP | Mitrabara Adiperdana | PairCorr |
| 0.77 | MCOL | Prima Andalan Mandiri | PairCorr |
| 0.88 | SGER | Sumber Global Energy | PairCorr |
Moving against Soechi Stock
| 0.83 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.79 | MYOH | Samindo Resources Tbk | PairCorr |
| 0.73 | BESS | Batulicin Nusantara | PairCorr |
| 0.71 | ADRO | Adaro Energy Tbk | PairCorr |
| 0.71 | ARKA | Arkha Jayanti Persada | PairCorr |
| 0.7 | HITS | Humpuss Intermoda | PairCorr |
| 0.63 | ALDO | Alkindo Naratama Tbk | PairCorr |
| 0.53 | MAPA | MAP Aktif Adiperkasa | PairCorr |
| 0.49 | MMIX | Multi Medika Interna | PairCorr |
| 0.48 | CTBN | PT Citra Tubindo | PairCorr |
| 0.44 | INDF | PT Indofood Sukses | PairCorr |
| 0.38 | DIGI | Arkadia Digital Media | PairCorr |
| 0.38 | PADI | Minna Padi Investama | PairCorr |
Related Correlations Analysis
| 0.55 | 0.86 | 0.96 | 0.91 | SMDR | ||
| 0.55 | 0.68 | 0.56 | 0.41 | BULL | ||
| 0.86 | 0.68 | 0.84 | 0.85 | MBSS | ||
| 0.96 | 0.56 | 0.84 | 0.89 | BEST | ||
| 0.91 | 0.41 | 0.85 | 0.89 | WTON | ||
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Risk-Adjusted Indicators
There is a big difference between Soechi Stock performing well and Soechi Lines 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 Soechi Lines' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMDR | 1.22 | (0.37) | 0.00 | 2.43 | 0.00 | 2.86 | 6.82 | |||
| BULL | 2.15 | (0.05) | 0.00 | (0.05) | 0.00 | 4.20 | 20.64 | |||
| MBSS | 1.56 | (0.37) | 0.00 | (6.90) | 0.00 | 2.50 | 9.31 | |||
| BEST | 1.65 | (0.22) | 0.00 | 1.20 | 0.00 | 3.25 | 14.38 | |||
| WTON | 1.64 | (0.46) | 0.00 | 7.83 | 0.00 | 4.05 | 11.64 |
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