Chitose Internasional Correlations
| CINT Stock | IDR 186.00 18.00 8.82% |
The current 90-days correlation between Chitose Internasional Tbk and Pembangunan Jaya Ancol is -0.04 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Chitose Internasional moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Chitose Internasional Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Chitose Internasional Correlation With Market
Significant diversification
The correlation between Chitose Internasional Tbk and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Chitose Internasional Tbk and DJI in the same portfolio, assuming nothing else is changed.
Chitose |
The ability to find closely correlated positions to Chitose Internasional could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Chitose Internasional 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 Chitose Internasional - 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 Chitose Internasional Tbk to buy it.
Moving against Chitose Stock
| 0.34 | DKFT | Central Omega Resources | PairCorr |
| 0.31 | MFIN | Mandala Multifinance Tbk Split | PairCorr |
| 0.48 | DSNG | Dharma Satya Nusantara | PairCorr |
| 0.38 | DNAR | Bank Dinar Indonesia | PairCorr |
| 0.38 | BUMI | Bumi Resources Tbk | PairCorr |
| 0.37 | ARNA | Arwana Citramulia Tbk | PairCorr |
| 0.32 | JIHD | Jakarta Int Hotels | PairCorr |
| 0.32 | FORU | Fortune Indonesia Tbk | PairCorr |
Related Correlations Analysis
| -0.86 | -0.12 | 0.2 | 0.42 | PJAA | ||
| -0.86 | -0.03 | -0.28 | -0.2 | PANR | ||
| -0.12 | -0.03 | 0.57 | -0.64 | SONA | ||
| 0.2 | -0.28 | 0.57 | -0.49 | SDPC | ||
| 0.42 | -0.2 | -0.64 | -0.49 | TMPO | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Chitose Stock performing well and Chitose Internasional 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 Chitose Internasional'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PJAA | 0.74 | (0.21) | 0.00 | (1.96) | 0.00 | 1.59 | 5.25 | |||
| PANR | 0.85 | 0.38 | 0.23 | (4.30) | 0.36 | 2.78 | 5.43 | |||
| SONA | 7.70 | 1.34 | 0.12 | (0.43) | 6.47 | 24.81 | 43.33 | |||
| SDPC | 2.10 | (0.05) | 0.00 | (0.13) | 0.00 | 4.22 | 22.69 | |||
| TMPO | 4.77 | 0.24 | 0.04 | (0.28) | 4.28 | 13.37 | 47.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Chitose Internasional 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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