Batulicin Nusantara Correlations
| BESS Stock | IDR 418.00 16.00 3.98% |
The current 90-days correlation between Batulicin Nusantara and Trisula Textile Industries is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Batulicin Nusantara moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Batulicin Nusantara Maritim moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Batulicin Nusantara Correlation With Market
Good diversification
The correlation between Batulicin Nusantara Maritim and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Batulicin Nusantara Maritim and DJI in the same portfolio, assuming nothing else is changed.
Batulicin |
The ability to find closely correlated positions to Batulicin Nusantara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Batulicin Nusantara 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 Batulicin Nusantara - 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 Batulicin Nusantara Maritim to buy it.
Moving together with Batulicin Stock
Moving against Batulicin Stock
| 0.85 | TCPI | Transcoal Pacific Tbk | PairCorr |
| 0.78 | PSSI | Pelita Samudera Shipping | PairCorr |
| 0.78 | BMRI | Bank Mandiri Persero Earnings Call This Week | PairCorr |
| 0.74 | GIAA | Garuda Indonesia Persero | PairCorr |
| 0.7 | BBCA | Bank Central Asia Earnings Call This Week | PairCorr |
| 0.68 | SMDR | Samudera Indonesia Tbk | PairCorr |
| 0.63 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.58 | HATM | Habco Trans Maritima | PairCorr |
| 0.58 | ASII | Astra International Tbk | PairCorr |
| 0.49 | ARTO | Bank Artos Indonesia | PairCorr |
| 0.45 | TMAS | PT Temas Tbk | PairCorr |
| 0.39 | MDKA | Merdeka Copper Gold | PairCorr |
| 0.37 | UNVR | Unilever Indonesia Tbk | PairCorr |
| 0.32 | HITS | Humpuss Intermoda | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Batulicin Stock performing well and Batulicin Nusantara 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 Batulicin Nusantara'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PSSI | 0.63 | (0.14) | 0.00 | 1.00 | 0.00 | 1.00 | 5.34 | |||
| TCPI | 1.30 | (0.14) | 0.00 | 1.11 | 0.00 | 2.33 | 10.97 | |||
| BHAT | 0.76 | (0.24) | 0.00 | 10.19 | 0.00 | 1.32 | 8.57 | |||
| AMAN | 0.78 | (0.18) | 0.00 | (4.15) | 0.00 | 1.01 | 5.61 | |||
| BELL | 1.95 | (0.31) | 0.00 | (2.01) | 0.00 | 3.39 | 11.43 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Batulicin Nusantara 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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