Tambun Indah Correlations
| 5191 Stock | 0.92 0.02 2.22% |
The current 90-days correlation between Tambun Indah Land and Dnonce Tech Bhd is 0.25 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tambun Indah moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tambun Indah Land moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Tambun Indah Correlation With Market
Good diversification
The correlation between Tambun Indah Land and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tambun Indah Land and DJI in the same portfolio, assuming nothing else is changed.
Tambun |
The ability to find closely correlated positions to Tambun Indah could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tambun Indah 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 Tambun Indah - 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 Tambun Indah Land to buy it.
Moving together with Tambun Stock
Moving against Tambun Stock
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 Tambun Stock performing well and Tambun Indah 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 Tambun Indah'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 7114 | 1.57 | 0.00 | 0.00 | 0.11 | 0.00 | 9.09 | 19.09 | |||
| 0287 | 0.76 | (0.07) | 0.00 | 0.65 | 0.00 | 2.94 | 6.07 | |||
| 5125 | 0.83 | (0.03) | (0.09) | (0.02) | 0.93 | 2.06 | 4.37 | |||
| 7087 | 0.94 | 0.32 | 0.16 | (1.06) | 0.64 | 1.98 | 15.58 | |||
| 6432 | 0.65 | (0.05) | 0.00 | (0.15) | 0.00 | 1.38 | 4.73 | |||
| 7232 | 1.47 | 0.20 | 0.07 | 0.48 | 1.20 | 3.57 | 9.53 | |||
| 7219 | 2.21 | 0.14 | 0.00 | (0.15) | 2.83 | 7.69 | 20.95 | |||
| 8869 | 1.46 | 0.02 | 0.00 | 0.08 | 0.00 | 3.70 | 8.30 |
Tambun Indah Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Tambun Indah stock to make a market-neutral strategy. Peer analysis of Tambun Indah could also be used in its relative valuation, which is a method of valuing Tambun Indah by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |