Bumi Teknokultura Correlations

BTEK Stock  IDR 9.00  1.00  12.50%   
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

  0.71LFLO Imago Mulia PersadaPairCorr
  0.63TGRA Terregra Asia EnergyPairCorr
  0.61MMIX Multi Medika InternaPairCorr
  0.77CNKO Exploitasi EnergiPairCorr
  0.76KING Hoffmen CleanindoPairCorr
  0.73BMBL PT Lavender BinaPairCorr
  0.75LPPF Matahari Department StorePairCorr

Moving against Bumi Stock

  0.7AGII Aneka Gas IndustriPairCorr
  0.69ITMG Indo Tambangraya MegahPairCorr
  0.66ISSP Steel Pipe IndustryPairCorr
  0.65MBAP Mitrabara AdiperdanaPairCorr
  0.64INKP Indah Kiat PulpPairCorr
  0.64INDR Indorama Synthetics TbkPairCorr
  0.63UNTR United Tractors TbkPairCorr
  0.63TKIM Pabrik Kertas TjiwiPairCorr
  0.58ALKA Alakasa Industrindo TbkPairCorr
  0.56GDST Gunawan Dianjaya SteelPairCorr
  0.53UNIC Unggul Indah CahayaPairCorr
  0.52BAJA Saranacentral BajatamaPairCorr
  0.38MCOL Prima Andalan MandiriPairCorr

Related Correlations Analysis

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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   
ACESINOV
FRENINOV
ACESFREN
ALMIENVY
INOVENVY
FRENENVY
  
High negative correlations   
HKMUKRAH
HKMUACES
KRAHACES
HKMUFREN
KRAHFREN
HKMUINOV

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.

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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