Telefast Indonesia Correlations

Stocks . Indonesia . 
Stock . Telefast Indonesia
TFAS Stock  IDR 106.00  0.00  0.00%   
The current 90-days correlation between Telefast Indonesia and Digital Mediatama Maxima is -0.19 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Telefast Indonesia moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Telefast Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Telefast Indonesia Correlation With Market

Good diversification

The correlation between Telefast Indonesia and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Telefast Indonesia and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Telefast 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 Telefast 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 Telefast 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 Telefast Indonesia to buy it.

Moving together with Telefast Stock

  0.61SOSS Shield On ServicePairCorr
  0.87BMRI Bank Mandiri PerseroPairCorr
  0.75BBRI Bank Rakyat Indonesia Earnings Call This WeekPairCorr
  0.86BBCA Bank Central AsiaPairCorr
  0.86BBNI Bank Negara IndonesiaPairCorr
  0.73ASII Astra International TbkPairCorr
  0.8BNGA Bank Cimb NiagaPairCorr
  0.73BRIS Bank BRISyariah TbkPairCorr
  0.69NISP Bank Ocbc NispPairCorr

Moving against Telefast Stock

  0.85TBIG Tower Bersama InfrasPairCorr
  0.83JRPT Jaya Real PropertyPairCorr
  0.83CARE Metro Healthcare IndPairCorr
  0.82BYAN Bayan Resources TbkPairCorr
  0.81MMIX Multi Medika InternaPairCorr
  0.67LAPD Leyand International TbkPairCorr
  0.66MYOH Samindo Resources TbkPairCorr
  0.59IATA PT MNC EnergyPairCorr
  0.58DMMX Digital Mediatama MaximaPairCorr
  0.54IPCC PT Indonesia KendaraanPairCorr
  0.44DEWA Darma Henwa TbkPairCorr
  0.41JIHD Jakarta Int HotelsPairCorr

Related Correlations Analysis

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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   
MLPT
+ 0.47
NFCX
MLPT
+ 0.36
DIVA
DIVA
+ 0.25
DMMX
MLPT
+ 0.16
DMMX
MCAS
+ 0.11
NFCX
DIVA
+ 0.1
MCAS
  
High negative correlations   
MCAS
- 0.56
DMMX
MLPT
- 0.19
MCAS
NFCX
- 0.08
DMMX
DIVA
- 0.01
NFCX

Risk-Adjusted Indicators

There is a big difference between Telefast Stock performing well and Telefast 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 Telefast 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 Telefast 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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Fundamental Analysis

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Telefast Indonesia Corporate Management

Elected by the shareholders, the Telefast Indonesia's board of directors comprises two types of representatives: Telefast Indonesia inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Telefast. The board's role is to monitor Telefast Indonesia's management team and ensure that shareholders' interests are well served. Telefast 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, Telefast Indonesia's outside directors are responsible for providing unbiased perspectives on the board's policies.
SE MBACOO DirectorProfile
Setiawan ParikesitDirectorProfile
Yustana ArnusHead UnitProfile
Ivan EkanconoPresident CommissionerProfile
HendrikIndependent CommissionerProfile
MBA CACFO DirectorProfile
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