Telkom Indonesia Correlations

Stocks . Germany . 
Stock . Telkom Indonesia Tbk
TCID Stock   0.14  0.01  7.69%   
The current 90-days correlation between Telkom Indonesia Tbk and Apple Inc is 0.07 (i.e., Significant diversification). The correlation of Telkom Indonesia is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Telkom Indonesia Correlation With Market

Good diversification

The correlation between Telkom Indonesia Tbk and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telkom Indonesia Tbk and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Telkom 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 Telkom 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 Telkom 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 Telkom Indonesia Tbk to buy it.

Moving together with Telkom Stock

  0.63PQ9 PT Bank MandiriPairCorr
  0.61PQ9 BANK MANDIRIPairCorr
  0.67PQ9 BANK MANDIRIPairCorr
  0.66BYRA BANK RAKYAT INDPairCorr
  0.63BYRA PT Bank RakyatPairCorr
  0.64BZG2 BANK CENTRAL ASIA Earnings Call This WeekPairCorr
  0.66BZG2 BANK CENTRAL ASIA Earnings Call This WeekPairCorr

Moving against Telkom Stock

  0.56AMZ Amazon IncPairCorr
  0.39APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.39MSF MicrosoftPairCorr
  0.38APC Apple IncPairCorr
  0.37MSF MicrosoftPairCorr
  0.37MSF MicrosoftPairCorr
  0.36MSF MicrosoftPairCorr
  0.35MSF MicrosoftPairCorr
  0.63HEI Heidelberg MaterialsPairCorr
  0.62GIFN GigaMediaPairCorr
  0.6SNQB SANOMA DusseldorfPairCorr
  0.59MEC Meiko ElectronicsPairCorr
  0.53C8C Consolidated CommunicationsPairCorr
  0.5C7T CTT CorreiosPairCorr
  0.49OD7B ETFS Coffee ETCPairCorr
  0.47VRS VERISIGNPairCorr
  0.45YC3 CONCORDIA FINL GROUPPairCorr
  0.43Z56 QINGCI GAMES INCPairCorr
  0.42AZ5 AUTOZONE DusseldorfPairCorr
  0.34CFC UET United ElectronicPairCorr
  0.62CE1 Perdoceo EducationPairCorr
  0.61KEL Kellogg CompanyPairCorr
  0.57IUI1 Intuitive Surgical Earnings Call This WeekPairCorr
  0.55FOO SalesforcePairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between Telkom Stock performing well and Telkom 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 Telkom 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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
APC  0.91  0.09  0.06  0.97  1.38 
(0.85)
 1.94 
(2.22)
 6.12 
APC  0.89  0.09  0.07  0.71  1.13 
(0.91)
 1.81 
(1.96)
 5.21 
APC  0.91  0.09  0.06  0.30  1.37 
(0.87)
 1.67 
(2.15)
 5.61 
APC  0.90  0.09  0.08 (1.01) 1.02 
(1.00)
 2.33 
(1.94)
 5.51 
MSF  0.95  0.13  0.08  1.01  1.42 
(0.98)
 2.59 
(1.92)
 9.09 
MSF  1.05  0.13  0.08  1.23  1.46 
(1.26)
 2.43 
(1.93)
 11.42 
MSF  1.06  0.14  0.09  2.71  1.42 
(1.18)
 3.08 
(2.16)
 9.11 
MSF  0.93  0.14  0.09 (64.30) 1.37 
(1.02)
 2.04 
(1.84)
 8.79 
MSF  0.95  0.13  0.09  4.10  1.29 
(1.08)
 2.55 
(1.61)
 8.71 
AMZ  1.19  0.35  0.22  31.37  1.16 
(1.30)
 2.87 
(2.01)
 9.60 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Telkom 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?

Run Balance Of Power Now

   

Balance Of Power

Check stock momentum by analyzing Balance Of Power indicator and other technical ratios
All  Next Launch Module
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
Feedback Blog
Made with optimal in San Francisco
2024 Macroaxis LLC
COMMON DESTINATIONS
MAIN CATEGORIES
COMPANY