Bekasi Fajar Correlations

BEST Stock

IDR 104.00 1.00 0.95%

The current 90-days correlation between Bekasi Fajar Industrial and Jakarta Int Hotels is -0.09 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bekasi Fajar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bekasi Fajar Industrial moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Bekasi Fajar Correlation With Market

Very good diversification

The correlation between Bekasi Fajar Industrial and DJI is -0.26 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bekasi Fajar Industrial and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bekasi Stock

0.84

MTPS

Meta Epsi Tbk

Pair Corr

Moving against Bekasi Stock

0.71

DMMX

Digital Mediatama Maxima

Pair Corr

Related Correlations Analysis

	MPMX	JIHD	AHAP	TECH	ISAT	BBNI	KKES	CASA	INOV	PSAB
MPMX		-0.82	0.74	0.0	0.52	0.89	0.66	-0.42	-0.62	-0.3	MPMX
JIHD	-0.82		-0.73	0.0	-0.51	-0.72	-0.71	0.42	0.56	0.31	JIHD
AHAP	0.74	-0.73		0.0	0.85	0.71	0.78	-0.55	-0.57	-0.68	AHAP
TECH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	TECH
ISAT	0.52	-0.51	0.85	0.0		0.56	0.52	-0.46	-0.46	-0.66	ISAT
BBNI	0.89	-0.72	0.71	0.0	0.56		0.53	-0.28	-0.53	-0.22	BBNI
KKES	0.66	-0.71	0.78	0.0	0.52	0.53		-0.39	-0.39	-0.56	KKES
CASA	-0.42	0.42	-0.55	0.0	-0.46	-0.28	-0.39		0.72	0.48	CASA
INOV	-0.62	0.56	-0.57	0.0	-0.46	-0.53	-0.39	0.72		0.36	INOV
PSAB	-0.3	0.31	-0.68	0.0	-0.66	-0.22	-0.56	0.48	0.36		PSAB
	MPMX	JIHD	AHAP	TECH	ISAT	BBNI	KKES	CASA	INOV	PSAB

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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

BBNI	+ 0.89	MPMX
ISAT	+ 0.85	AHAP
KKES	+ 0.78	AHAP
AHAP	+ 0.74	MPMX
INOV	+ 0.72	CASA
BBNI	+ 0.71	AHAP

High negative correlations

JIHD	- 0.82	MPMX
AHAP	- 0.73	JIHD
BBNI	- 0.72	JIHD
KKES	- 0.71	JIHD
PSAB	- 0.68	AHAP
PSAB	- 0.66	ISAT

Risk-Adjusted Indicators

There is a big difference between Bekasi Stock performing well and Bekasi Fajar 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 Bekasi Fajar'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
MPMX	0.42	(0.05)	0.00	1.66	0.00	0.00	0.51	(0.98)	2.48
JIHD	6.28	3.67	0.86	5.18	1.97	(8.89)	24.79	(5.03)	34.81
AHAP	1.82	(0.31)	0.00	(1.14)	0.00	0.00	3.39	(3.42)	25.64
TECH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISAT	3.40	(1.36)	0.00	(1.52)	0.00	0.00	5.12	(5.74)	79.95
BBNI	1.23	(0.09)	0.00	0.56	0.00	0.00	2.73	(2.68)	8.76
KKES	1.87	(0.82)	0.00	(5.19)	0.00	0.00	3.23	(4.17)	12.35
CASA	1.44	0.07	(0.03)	(0.39)	2.08	(2.05)	3.60	(2.86)	21.12
INOV	1.78	0.07	(0.03)	(0.23)	2.04	(2.61)	3.19	(4.04)	22.27
PSAB	3.53	0.42	0.09	0.72	3.85	(4.41)	10.84	(7.32)	32.59

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Our tools can tell you how much better you can do entering a position in Bekasi Fajar 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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