United Tractors Correlations
| UNTR Stock | IDR 26,450 275.00 1.05% |
The current 90-days correlation between United Tractors Tbk and Bukit Asam Tbk is 0.49 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as United Tractors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if United Tractors Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
United Tractors Correlation With Market
Good diversification
The correlation between United Tractors Tbk and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Tractors Tbk and DJI in the same portfolio, assuming nothing else is changed.
United |
The ability to find closely correlated positions to United Tractors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Tractors 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 United Tractors - 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 United Tractors Tbk to buy it.
Moving against United Stock
| 0.57 | MMIX | Multi Medika Interna | PairCorr |
| 0.53 | SGRO | Sampoerna Agro Tbk | PairCorr |
| 0.44 | BESS | Batulicin Nusantara | PairCorr |
| 0.43 | DIGI | Arkadia Digital Media | PairCorr |
| 0.42 | PADI | Minna Padi Investama | PairCorr |
| 0.37 | ARKA | Arkha Jayanti Persada | PairCorr |
Related Correlations Analysis
| 0.39 | 0.42 | 0.28 | 0.34 | ASII | ||
| 0.39 | 0.88 | -0.43 | 0.83 | PTBA | ||
| 0.42 | 0.88 | -0.47 | 0.8 | SMGR | ||
| 0.28 | -0.43 | -0.47 | -0.49 | INDF | ||
| 0.34 | 0.83 | 0.8 | -0.49 | UNVR | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between United Stock performing well and United Tractors 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 United Tractors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ASII | 1.26 | (0.01) | (0.02) | 0.38 | 1.47 | 3.66 | 8.53 | |||
| PTBA | 1.27 | (0.17) | 0.00 | 0.52 | 0.00 | 2.91 | 7.96 | |||
| SMGR | 1.93 | (0.59) | 0.00 | 1.32 | 0.00 | 3.66 | 11.24 | |||
| INDF | 1.22 | 0.13 | 0.06 | (0.88) | 1.51 | 3.00 | 8.63 | |||
| UNVR | 2.02 | (0.30) | 0.00 | 0.49 | 0.00 | 4.24 | 12.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in United Tractors 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 Instant Ratings Now
Instant RatingsDetermine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
United Tractors Corporate Management
Elected by the shareholders, the United Tractors' board of directors comprises two types of representatives: United Tractors inside directors who are chosen from within the company, and outside directors, selected externally and held independent of United. The board's role is to monitor United Tractors' management team and ensure that shareholders' interests are well served. United Tractors' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, United Tractors' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Endang Handajani | Head University | Profile | |
| David Widjaja | Head Division | Profile | |
| Deni Iskandar | Head Division | Profile | |
| Nataza Perdamenta | Head Legal | Profile | |
| Sara Loebis | Corporate Secretary | Profile |