PT Ace Correlations

4AH1 Stock

EUR 0.04 0.0005 1.22%

The current 90-days correlation between PT Ace Hardware and Leggett Platt Incorporated is -0.12 (i.e., Good diversification). The correlation of PT Ace 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.

PT Ace Correlation With Market

Good diversification

The correlation between PT Ace Hardware and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Ace Hardware and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against 4AH1 Stock

0.74	TPD	Tempur Sealy Interna	Pair Corr
0.74	LAZ	La-Z-Boy Incorporated	Pair Corr
0.67	BFP	BBVA Banco Frances	Pair Corr
0.64	92I	ROMERIKE SPAREBANK	Pair Corr
0.6	WHR	Whirlpool	Pair Corr
0.56	TM2	Sydbank AS	Pair Corr
0.45	BAC	Verizon Communications	Pair Corr
0.43	5F3	JINS HOLDINGS INC	Pair Corr
0.33	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	LP1	8SP	2DG	TM9	NOH1	RS6	XYTA	9K1	3RKU	VUSA
LP1		0.54	0.47	0.33	0.02	-0.32	-0.16	0.34	-0.16	-0.39	LP1
8SP	0.54		0.7	0.43	-0.49	-0.73	-0.32	0.47	-0.18	-0.69	8SP
2DG	0.47	0.7		0.51	-0.53	-0.89	-0.23	0.78	-0.68	-0.93	2DG
TM9	0.33	0.43	0.51		0.0	-0.51	0.13	0.57	-0.42	-0.55	TM9
NOH1	0.02	-0.49	-0.53	0.0		0.59	0.48	-0.32	0.26	0.57	NOH1
RS6	-0.32	-0.73	-0.89	-0.51	0.59		0.22	-0.76	0.62	0.94	RS6
XYTA	-0.16	-0.32	-0.23	0.13	0.48	0.22		0.11	-0.18	0.28	XYTA
9K1	0.34	0.47	0.78	0.57	-0.32	-0.76	0.11		-0.85	-0.83	9K1
3RKU	-0.16	-0.18	-0.68	-0.42	0.26	0.62	-0.18	-0.85		0.69	3RKU
VUSA	-0.39	-0.69	-0.93	-0.55	0.57	0.94	0.28	-0.83	0.69		VUSA
	LP1	8SP	2DG	TM9	NOH1	RS6	XYTA	9K1	3RKU	VUSA

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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

VUSA	+ 0.94	RS6
9K1	+ 0.78	2DG
2DG	+ 0.7	8SP
VUSA	+ 0.69	3RKU
3RKU	+ 0.62	RS6
RS6	+ 0.59	NOH1

High negative correlations

VUSA	- 0.93	2DG
RS6	- 0.89	2DG
3RKU	- 0.85	9K1
VUSA	- 0.83	9K1
9K1	- 0.76	RS6
RS6	- 0.73	8SP

Risk-Adjusted Indicators

There is a big difference between 4AH1 Stock performing well and PT Ace 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 PT Ace'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
LP1	2.27	(0.01)	(0.01)	0.08	2.42	(2.86)	6.94	(4.72)	16.66
8SP	2.04	0.00	0.00	0.00	0.00	0.00	3.36	(3.96)	20.22
2DG	5.01	(1.03)	0.00	(0.38)	0.00	0.00	9.09	(10.00)	52.42
TM9	2.56	0.30	0.04	(0.59)	3.75	(2.99)	5.56	(3.85)	36.50
NOH1	2.05	0.22	0.10	0.41	1.77	(2.88)	6.61	(3.25)	13.10
RS6	1.32	0.25	0.12	1.49	1.14	(1.53)	2.94	(2.03)	13.65
XYTA	11.55	4.06	0.13	(1.91)	8.11	(58.33)	33.33	(20.00)	233.33
9K1	1.72	(0.44)	0.00	3.59	0.00	0.00	2.94	(4.66)	14.80
3RKU	1.54	0.44	0.21	1.89	1.25	(2.12)	3.31	(2.40)	9.54
VUSA	0.55	0.12	0.13	0.24	0.48	(0.61)	1.19	(1.04)	6.02

Be your own money manager

Our tools can tell you how much better you can do entering a position in PT Ace 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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PT Ace Corporate Management

Elected by the shareholders, the PT Ace's board of directors comprises two types of representatives: PT Ace inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 4AH1. The board's role is to monitor PT Ace's management team and ensure that shareholders' interests are well served. PT Ace'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, PT Ace's outside directors are responsible for providing unbiased perspectives on the board's policies.

Dewi Saleh	Director Director	Profile
Helen Tanzil	Corporate Secretary, Investor Relations	Profile
Suharno Tan	Director Director	Profile
Gregory Widjaja	Director Director	Profile
Petrus Prakoso	Head Audit	Profile

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