Ashmore Asset Correlations
| AMOR Stock | IDR 486.00 4.00 0.83% |
The current 90-days correlation between Ashmore Asset Management and Bank Amar Indonesia is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Ashmore Asset moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Ashmore Asset Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Ashmore Asset Correlation With Market
Very good diversification
The correlation between Ashmore Asset Management and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Ashmore Asset Management and DJI in the same portfolio, assuming nothing else is changed.
Ashmore |
The ability to find closely correlated positions to Ashmore Asset could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ashmore Asset 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 Ashmore Asset - 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 Ashmore Asset Management to buy it.
Moving together with Ashmore Stock
| 0.74 | SRTG | Saratoga Investama Sedaya | PairCorr |
| 0.72 | STAR | PT Buana Artha | PairCorr |
| 0.89 | BMAS | Bank Maspion Indonesia | PairCorr |
| 0.83 | MPMX | Mitra Pinasthika Mustika | PairCorr |
| 0.91 | BAYU | Bayu Buana Tbk | PairCorr |
| 0.9 | BMRI | Bank Mandiri Persero | PairCorr |
Moving against Ashmore Stock
| 0.9 | BNLI | Bank Permata Tbk | PairCorr |
| 0.87 | CASA | Capital Financial Earnings Call This Week | PairCorr |
| 0.84 | MYOH | Samindo Resources Tbk | PairCorr |
| 0.82 | SMDM | Suryamas Dutamakmur Tbk | PairCorr |
| 0.81 | LPPF | Matahari Department Store | PairCorr |
| 0.72 | RGAS | Kian Santang Muliatama | PairCorr |
| 0.72 | JARR | PT Jhonlin Agro | PairCorr |
| 0.71 | FITT | Hotel Fitra International | PairCorr |
| 0.69 | INAI | Indal Aluminium Industry | PairCorr |
| 0.65 | IFII | Indonesia Fibreboard | PairCorr |
| 0.54 | EDGE | Indointernet Tbk | PairCorr |
| 0.5 | BUVA | Bukit Uluwatu Villa | PairCorr |
| 0.32 | TEBE | Dana Brata Luhur | 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 Ashmore Stock performing well and Ashmore Asset 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 Ashmore Asset'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AMAR | 1.07 | (0.19) | 0.00 | 6.83 | 0.00 | 3.11 | 5.56 | |||
| BHAT | 0.70 | 0.15 | 0.11 | (0.47) | 0.66 | 2.67 | 5.23 | |||
| MARI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| AMIN | 1.37 | (0.10) | 0.00 | (0.45) | 0.00 | 2.88 | 9.86 | |||
| BBMD | 1.04 | 0.01 | 0.01 | (0.06) | 1.38 | 3.47 | 8.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Ashmore Asset 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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Ashmore Asset Corporate Management
Elected by the shareholders, the Ashmore Asset's board of directors comprises two types of representatives: Ashmore Asset inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ashmore. The board's role is to monitor Ashmore Asset's management team and ensure that shareholders' interests are well served. Ashmore Asset'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, Ashmore Asset's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Engineer Gandahusada | Pres Director | Profile | |
| Lydia Toisuta | Co Sec | Profile | |
| Eddy Hartanto | F Director | Profile | |
| Humaira Putri | Internal Head | Profile |