Mandom Indonesia Correlations
| TCID Stock | IDR 2,170 80.00 3.56% |
The current 90-days correlation between Mandom Indonesia Tbk and Siantar Top Tbk is -0.15 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mandom Indonesia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mandom Indonesia Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Mandom Indonesia Correlation With Market
Significant diversification
The correlation between Mandom Indonesia Tbk and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mandom Indonesia Tbk and DJI in the same portfolio, assuming nothing else is changed.
Mandom |
The ability to find closely correlated positions to Mandom 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 Mandom 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 Mandom 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 Mandom Indonesia Tbk to buy it.
Moving against Mandom Stock
Related Correlations Analysis
| -0.43 | -0.29 | 0.83 | -0.63 | MRAT | ||
| -0.43 | 0.41 | -0.2 | -0.04 | STTP | ||
| -0.29 | 0.41 | -0.11 | 0.24 | TSPC | ||
| 0.83 | -0.2 | -0.11 | -0.66 | MERK | ||
| -0.63 | -0.04 | 0.24 | -0.66 | MLBI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Mandom Stock performing well and Mandom 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 Mandom 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.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MRAT | 1.59 | (0.85) | 0.00 | 2.40 | 0.00 | 2.07 | 8.74 | |||
| STTP | 1.75 | 0.21 | 0.03 | (0.38) | 2.11 | 4.34 | 25.61 | |||
| TSPC | 1.20 | 0.00 | 0.00 | 0.11 | 0.00 | 3.27 | 9.17 | |||
| MERK | 0.44 | (0.17) | 0.00 | 1.70 | 0.00 | 0.79 | 4.66 | |||
| MLBI | 0.82 | 0.16 | 0.03 | (0.29) | 0.84 | 2.12 | 11.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mandom 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.Did you try this?
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Mandom Indonesia Corporate Management
Elected by the shareholders, the Mandom Indonesia's board of directors comprises two types of representatives: Mandom Indonesia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mandom. The board's role is to monitor Mandom Indonesia's management team and ensure that shareholders' interests are well served. Mandom Indonesia's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Mandom Indonesia's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sosei Ito | Head Director | Profile | |
| Norihito Azuma | Director Director | Profile | |
| Hirokazu Kagami | Director Director | Profile | |
| Alia Dewi | Corporate Secretary | Profile | |
| Liandhajani | Formula Control | Profile |