Solusi Sinergi Correlations
| WIFI Stock | IDR 1,225 225.00 22.50% |
The current 90-days correlation between Solusi Sinergi Digital and Indointernet Tbk PT is 0.29 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Solusi Sinergi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Solusi Sinergi Digital moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Solusi Sinergi Correlation With Market
Average diversification
The correlation between Solusi Sinergi Digital and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Solusi Sinergi Digital and DJI in the same portfolio, assuming nothing else is changed.
Solusi |
The ability to find closely correlated positions to Solusi Sinergi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Solusi Sinergi 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 Solusi Sinergi - 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 Solusi Sinergi Digital to buy it.
Moving together with Solusi Stock
Moving against Solusi Stock
| 0.63 | RDTX | Roda Vivatex Tbk | PairCorr |
| 0.6 | TCID | Mandom Indonesia Tbk | PairCorr |
| 0.56 | AMFG | Asahimas Flat Glass | PairCorr |
| 0.55 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.42 | ADMF | Adira Dinamika Multi | PairCorr |
| 0.41 | AALI | Astra Agro Lestari | PairCorr |
| 0.36 | SCCO | Supreme Cable Manufa | PairCorr |
| 0.35 | UNTR | United Tractors Tbk | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Solusi Stock performing well and Solusi Sinergi 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 Solusi Sinergi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EDGE | 1.31 | (0.26) | 0.00 | (0.50) | 0.00 | 3.06 | 9.04 | |||
| MLPT | 4.87 | 0.65 | 0.08 | (1.29) | 5.48 | 19.91 | 39.59 | |||
| WIRG | 3.19 | (0.29) | 0.00 | (0.91) | 0.00 | 6.25 | 25.03 | |||
| TECH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ELIT | 2.61 | 0.16 | 0.03 | 0.50 | 3.02 | 7.03 | 17.96 | |||
| WIFI | 4.36 | 1.67 | 0.55 | 1.96 | 1.89 | 24.47 | 32.39 | |||
| NINE | 4.89 | 5.30 | 0.00 | (4.20) | 0.00 | 10.00 | 22.50 | |||
| ENVY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Solusi Sinergi 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?
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