Bumi Resources Correlations
| BRMS Stock | IDR 334.00 8.00 2.45% |
The current 90-days correlation between Bumi Resources Minerals and Harum Energy Tbk is 0.4 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Bumi Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bumi Resources Minerals moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Bumi Resources Correlation With Market
Significant diversification
The correlation between Bumi Resources Minerals and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bumi Resources Minerals and DJI in the same portfolio, assuming nothing else is changed.
Bumi |
The ability to find closely correlated positions to Bumi Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bumi Resources 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 Bumi Resources - 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 Bumi Resources Minerals to buy it.
Moving against Bumi Stock
Related Correlations Analysis
| 0.93 | 0.93 | 0.73 | 0.91 | ENRG | ||
| 0.93 | 0.94 | 0.81 | 0.93 | HRUM | ||
| 0.93 | 0.94 | 0.79 | 0.94 | DOID | ||
| 0.73 | 0.81 | 0.79 | 0.83 | BIPI | ||
| 0.91 | 0.93 | 0.94 | 0.83 | BUMI | ||
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Risk-Adjusted Indicators
There is a big difference between Bumi Stock performing well and Bumi Resources 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 Bumi Resources' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ENRG | 2.06 | (0.56) | 0.00 | 10.21 | 0.00 | 3.88 | 13.59 | |||
| HRUM | 1.86 | (0.77) | 0.00 | 2.05 | 0.00 | 3.05 | 13.33 | |||
| DOID | 2.27 | (0.72) | 0.00 | 298.46 | 0.00 | 4.85 | 17.51 | |||
| BIPI | 1.97 | (0.23) | 0.00 | (1.65) | 0.00 | 3.80 | 10.55 | |||
| BUMI | 3.01 | (0.70) | 0.00 | 103.62 | 0.00 | 4.26 | 21.47 |
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Bumi Resources Corporate Management
Elected by the shareholders, the Bumi Resources' board of directors comprises two types of representatives: Bumi Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Bumi. The board's role is to monitor Bumi Resources' management team and ensure that shareholders' interests are well served. Bumi Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Bumi Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Syahrial Suandi | Acting Head of External and Government Compliance | Profile | |
| Muhammad Sulthon | Corporate Secretary | Profile | |
| Damar Kusumanto | Head Services | Profile | |
| Agoes Projosasmito | Pres Director | Profile |