Venteny Fortuna Correlations

VTNY Stock

187.00 1.00 0.53%

A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Venteny Fortuna moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Venteny Fortuna International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Venteny Fortuna Correlation With Market

Average diversification

The correlation between Venteny Fortuna International and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Venteny Fortuna International and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Venteny Fortuna could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Venteny Fortuna 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 Venteny Fortuna - 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 Venteny Fortuna International to buy it.

Moving together with Venteny Stock

0.65

SRTG

Saratoga Investama Sedaya

Pair Corr

Moving against Venteny Stock

0.56	BTEK	Bumi Teknokultura Unggul	Pair Corr
0.54	CNKO	Exploitasi Energi	Pair Corr
0.53	INDX	Tanah Laut Tbk	Pair Corr
0.46	ACRO	PT Samcro Hyosung	Pair Corr
0.43	CTTH	Citatah Tbk	Pair Corr
0.36	RAJA	Rukun Raharja Tbk	Pair Corr
0.69	YELO	Yelooo Integra Datanet	Pair Corr
0.6	ANDI	Andira Agro Tbk	Pair Corr
0.56	KEJU	Mulia Boga Raya Split	Pair Corr
0.55	JRPT	Jaya Real Property	Pair Corr
0.55	ATIC	Anabatic Technologies Tbk	Pair Corr
0.54	AYLS	Agro Yasa Lestari	Pair Corr
0.51	KING	Hoffmen Cleanindo	Pair Corr
0.42	PANR	Panorama Sentrawisata Tbk	Pair Corr

Related Correlations Analysis

	NIRO	FPNI	NISP	AMOR	CASA	GOOD	AISA
NIRO		0.61	0.46	0.59	-0.3	0.46	0.71	NIRO
FPNI	0.61		0.54	0.76	-0.62	0.49	0.79	FPNI
NISP	0.46	0.54		0.53	-0.08	0.52	0.72	NISP
AMOR	0.59	0.76	0.53		-0.55	0.58	0.81	AMOR
CASA	-0.3	-0.62	-0.08	-0.55		-0.04	-0.49	CASA
GOOD	0.46	0.49	0.52	0.58	-0.04		0.54	GOOD
AISA	0.71	0.79	0.72	0.81	-0.49	0.54		AISA
	NIRO	FPNI	NISP	AMOR	CASA	GOOD	AISA

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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

AISA	+ 0.81	AMOR
AISA	+ 0.79	FPNI
AMOR	+ 0.76	FPNI
AISA	+ 0.72	NISP
AISA	+ 0.71	NIRO
FPNI	+ 0.61	NIRO

High negative correlations

CASA	- 0.62	FPNI
CASA	- 0.55	AMOR
AISA	- 0.49	CASA
CASA	- 0.3	NIRO
CASA	- 0.08	NISP
GOOD	- 0.04	CASA

Risk-Adjusted Indicators

There is a big difference between Venteny Stock performing well and Venteny Fortuna 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 Venteny Fortuna'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
NIRO	0.30	(0.05)	0.00	(3.10)	0.00	0.00	0.75	(0.76)	4.45
FPNI	0.99	(0.11)	0.00	(0.49)	0.00	0.00	2.08	(2.59)	6.98
NISP	0.65	(0.07)	0.00	6.33	0.00	0.00	1.12	(1.49)	5.29
AMOR	1.75	(0.60)	0.00	62.74	0.00	0.00	3.73	(4.50)	14.03
CASA	1.46	0.29	0.10	(4.36)	1.74	(2.09)	4.46	(2.86)	13.63
GOOD	1.00	(0.26)	0.00	(4.49)	0.00	0.00	1.54	(2.94)	7.02
AISA	1.13	(0.30)	0.00	(14.62)	0.00	0.00	2.68	(2.65)	10.43

Be your own money manager

Our tools can tell you how much better you can do entering a position in Venteny Fortuna 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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