Aneka Tambang Correlations
| ANTM Stock | IDR 1,610 20.00 1.26% |
The current 90-days correlation between Aneka Tambang Persero and Perusahaan Gas Negara is 0.15 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aneka Tambang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aneka Tambang Persero moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Aneka Tambang Correlation With Market
Modest diversification
The correlation between Aneka Tambang Persero and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aneka Tambang Persero and DJI in the same portfolio, assuming nothing else is changed.
Aneka |
The ability to find closely correlated positions to Aneka Tambang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aneka Tambang 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 Aneka Tambang - 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 Aneka Tambang Persero to buy it.
Moving against Aneka Stock
| 0.54 | BRPT | Barito Pacific Tbk | PairCorr |
| 0.47 | ALKA | Alakasa Industrindo Tbk | PairCorr |
| 0.34 | BAJA | Saranacentral Bajatama | PairCorr |
| 0.34 | BBKP | Bank Bukopin Tbk | PairCorr |
Related Correlations Analysis
| 0.38 | 0.61 | 0.62 | 0.42 | PGAS | ||
| 0.38 | 0.71 | 0.76 | 0.82 | INCO | ||
| 0.61 | 0.71 | 0.76 | 0.62 | PTBA | ||
| 0.62 | 0.76 | 0.76 | 0.75 | TLKM | ||
| 0.42 | 0.82 | 0.62 | 0.75 | TINS | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Aneka Stock performing well and Aneka Tambang 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 Aneka Tambang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGAS | 1.50 | (0.09) | 0.00 | 0.33 | 0.00 | 2.98 | 12.79 | |||
| INCO | 2.51 | (0.85) | 0.00 | (1.34) | 0.00 | 4.73 | 18.83 | |||
| PTBA | 1.15 | (0.19) | 0.00 | (1.01) | 0.00 | 2.67 | 8.70 | |||
| TLKM | 1.92 | (0.24) | 0.00 | (1.93) | 0.00 | 3.92 | 12.52 | |||
| TINS | 2.62 | (0.36) | 0.00 | (1.68) | 0.00 | 5.47 | 15.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aneka Tambang 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?
Run Portfolio Holdings Now
Portfolio HoldingsCheck your current holdings and cash postion to detemine if your portfolio needs rebalancing |
| All Next | Launch Module |
Aneka Tambang Corporate Management
Elected by the shareholders, the Aneka Tambang's board of directors comprises two types of representatives: Aneka Tambang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aneka. The board's role is to monitor Aneka Tambang's management team and ensure that shareholders' interests are well served. Aneka Tambang'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, Aneka Tambang's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Basar Simanjuntak | Director Director | Profile | |
| S Tj | Health, Management | Profile | |
| Arif Baharudin | Commissioner | Profile | |
| Agus Bakti | President Commissioner | Profile | |
| Dadan Kusdiana | Commissioner | Profile | |
| Hardianto Manurung | VP Audit | Profile |