Telkom Indonesia Correlations

Stocks Germany . 
Stock . Telkom Indonesia Tbk
TCID Stock   0.15  0.01  7.14%   
The current 90-days correlation between Telkom Indonesia Tbk and Apple Inc is 0.19 (i.e., Average 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

Modest diversification

The correlation between Telkom Indonesia Tbk and DJI is 0.2 (i.e., Modest 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

  0.64PQ9 BANK MANDIRIPairCorr
  0.71PQ9 BANK MANDIRIPairCorr
  0.7BYRA BANK RAKYAT INDPairCorr
  0.73BYRA PT Bank RakyatPairCorr

Moving against Telkom Stock

  0.58AMZ Amazon IncPairCorr
  0.39APC Apple IncPairCorr
  0.39APC Apple IncPairCorr
  0.38APC Apple IncPairCorr
  0.35APC Apple IncPairCorr
  0.31MSF MicrosoftPairCorr
  0.31MSF MicrosoftPairCorr

Related Correlations Analysis

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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.

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.

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