PT Boston Correlations

SOFA Stock

IDR 36.00 3.00 9.09%

The current 90-days correlation between PT Boston Furniture and Pt Pakuan Tbk is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PT Boston moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Boston Furniture moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PT Boston Correlation With Market

Average diversification

The correlation between PT Boston Furniture 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 PT Boston Furniture and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to PT Boston could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PT Boston 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 PT Boston - 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 PT Boston Furniture to buy it.

Moving together with SOFA Stock

0.74

SPTO

PT Surya Pertiwi

Pair Corr

Moving against SOFA Stock

0.77	LPCK	Lippo Cikarang Tbk	Pair Corr
0.7	TOOL	PT Rohartindo Nusantara	Pair Corr
0.61	BBKP	Bank Bukopin Tbk	Pair Corr
0.56	FITT	Hotel Fitra International	Pair Corr
0.49	KICI	Kedaung Indah Can	Pair Corr
0.35	LFLO	Imago Mulia Persada	Pair Corr

Related Correlations Analysis

	UANG	WOOD	MASA	IATA	PSAB	ADRO	BIPP	MBAP	PDES	MIKA
UANG		-0.46	0.0	0.46	-0.32	-0.05	-0.57	0.38	0.11	0.35	UANG
WOOD	-0.46		0.0	-0.67	0.73	-0.04	0.74	-0.58	0.25	-0.72	WOOD
MASA	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	MASA
IATA	0.46	-0.67	0.0		-0.65	-0.29	-0.67	0.48	0.09	0.33	IATA
PSAB	-0.32	0.73	0.0	-0.65		0.1	0.54	-0.42	0.08	-0.48	PSAB
ADRO	-0.05	-0.04	0.0	-0.29	0.1		0.05	0.14	-0.31	0.2	ADRO
BIPP	-0.57	0.74	0.0	-0.67	0.54	0.05		-0.69	0.05	-0.55	BIPP
MBAP	0.38	-0.58	0.0	0.48	-0.42	0.14	-0.69		-0.36	0.76	MBAP
PDES	0.11	0.25	0.0	0.09	0.08	-0.31	0.05	-0.36		-0.63	PDES
MIKA	0.35	-0.72	0.0	0.33	-0.48	0.2	-0.55	0.76	-0.63		MIKA
	UANG	WOOD	MASA	IATA	PSAB	ADRO	BIPP	MBAP	PDES	MIKA

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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

MIKA	+ 0.76	MBAP
BIPP	+ 0.74	WOOD
PSAB	+ 0.73	WOOD
BIPP	+ 0.54	PSAB
MBAP	+ 0.48	IATA
IATA	+ 0.46	UANG

High negative correlations

MIKA	- 0.72	WOOD
MBAP	- 0.69	BIPP
BIPP	- 0.67	IATA
IATA	- 0.67	WOOD
PSAB	- 0.65	IATA
MIKA	- 0.63	PDES

Risk-Adjusted Indicators

There is a big difference between SOFA Stock performing well and PT Boston 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 PT Boston'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
UANG	3.93	0.97	0.11	(1.23)	3.94	(8.94)	24.49	(5.46)	48.20
WOOD	2.33	0.43	0.15	1.64	1.91	(3.22)	5.04	(3.70)	24.26
MASA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
IATA	2.36	(0.04)	0.00	0.19	0.00	0.00	7.69	(4.55)	19.64
PSAB	3.53	0.42	0.09	0.72	3.85	(4.41)	10.84	(7.32)	32.59
ADRO	2.40	(0.70)	0.00	(3.26)	0.00	0.00	3.44	(4.68)	34.17
BIPP	2.58	0.10	0.04	0.19	2.76	(4.81)	7.41	(6.67)	15.10
MBAP	1.17	(0.15)	0.00	(1.32)	0.00	0.00	2.27	(3.17)	17.06
PDES	0.50	0.04	(0.04)	(3.68)	0.95	(0.76)	0.78	(1.48)	6.07
MIKA	1.53	(0.21)	0.00	(0.84)	0.00	0.00	3.32	(2.93)	10.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in PT Boston 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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