Bumi Teknokultura Correlations

BTEK Stock

IDR 9.00 1.00 12.50%

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

Bumi Teknokultura Correlation With Market

Good diversification

The correlation between Bumi Teknokultura Unggul and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bumi Teknokultura Unggul and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Bumi Teknokultura 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 Teknokultura 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 Teknokultura - 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 Teknokultura Unggul to buy it.

Moving together with Bumi Stock

0.7	LFLO	Imago Mulia Persada	Pair Corr
0.64	TGRA	Terregra Asia Energy	Pair Corr
0.61	MMIX	Multi Medika Interna	Pair Corr
0.77	CNKO	Exploitasi Energi	Pair Corr
0.75	KING	Hoffmen Cleanindo	Pair Corr
0.72	BMBL	PT Lavender Bina	Pair Corr
0.77	LPPF	Matahari Department Store	Pair Corr

Moving against Bumi Stock

0.71	AGII	Aneka Gas Industri	Pair Corr
0.71	ITMG	Indo Tambangraya Megah	Pair Corr
0.66	MBAP	Mitrabara Adiperdana	Pair Corr
0.66	INKP	Indah Kiat Pulp	Pair Corr
0.65	UNTR	United Tractors Tbk	Pair Corr
0.64	TKIM	Pabrik Kertas Tjiwi	Pair Corr
0.64	INDR	Indorama Synthetics Tbk	Pair Corr
0.59	ISSP	Steel Pipe Industry	Pair Corr
0.59	ALKA	Alakasa Industrindo Tbk	Pair Corr
0.57	GDST	Gunawan Dianjaya Steel	Pair Corr
0.55	UNIC	Unggul Indah Cahaya	Pair Corr
0.45	BAJA	Saranacentral Bajatama	Pair Corr
0.41	MCOL	Prima Andalan Mandiri	Pair Corr

Related Correlations Analysis

	GOOD	INDF	FOOD	PRAS	TECH	GDST	LABS
GOOD		0.38	0.36	0.0	0.0	0.71	0.78	GOOD
INDF	0.38		0.46	0.0	0.0	0.52	0.38	INDF
FOOD	0.36	0.46		0.0	0.0	0.45	0.32	FOOD
PRAS	0.0	0.0	0.0		0.0	0.0	0.0	PRAS
TECH	0.0	0.0	0.0	0.0		0.0	0.0	TECH
GDST	0.71	0.52	0.45	0.0	0.0		0.85	GDST
LABS	0.78	0.38	0.32	0.0	0.0	0.85		LABS
	GOOD	INDF	FOOD	PRAS	TECH	GDST	LABS

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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

LABS	+ 0.85	GDST
LABS	+ 0.78	GOOD
GDST	+ 0.71	GOOD
GDST	+ 0.52	INDF
FOOD	+ 0.46	INDF
GDST	+ 0.45	FOOD

High negative correlations

LABS	- 0.0	TECH
GDST	- 0.0	TECH
LABS	- 0.0	PRAS
GDST	- 0.0	PRAS
TECH	- 0.0	PRAS
TECH	- 0.0	FOOD

Risk-Adjusted Indicators

There is a big difference between Bumi Stock performing well and Bumi Teknokultura 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 Teknokultura'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
GOOD	0.81	(0.06)	0.55	1.54	(1.56)	7.02
INDF	1.55	(0.14)	0.36	3.00	(2.96)	9.72
FOOD	0.75	(0.10)	1.66	1.74	(1.68)	7.68
PRAS	0.00	0.00	0.00	0.00	0.00	0.00
TECH	0.00	0.00	0.00	0.00	0.00	0.00
GDST	1.62	(0.33)	1.49	3.90	(2.53)	15.41
LABS	1.22	(0.27)	1.08	1.75	(2.68)	8.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in Bumi Teknokultura 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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