Citatah Tbk Correlations

CTTH Stock

IDR 27.00 0.00 0.00%

The current 90-days correlation between Citatah Tbk and Weha Transportasi Indonesia is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Citatah Tbk moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Citatah Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Citatah Tbk Correlation With Market

Good diversification

The correlation between Citatah Tbk and DJI is -0.02 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Citatah Tbk and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Citatah Stock

0.82	AGII	Aneka Gas Industri	Pair Corr
0.64	BAJA	Saranacentral Bajatama	Pair Corr
0.6	UNTR	United Tractors Tbk	Pair Corr
0.46	ISSP	Steel Pipe Industry	Pair Corr
0.46	AMFG	Asahimas Flat Glass	Pair Corr
0.43	GGRM	Gudang Garam Tbk	Pair Corr
0.39	ALKA	Alakasa Industrindo Tbk	Pair Corr
0.39	ADMF	Adira Dinamika Multi	Pair Corr
0.38	TCID	Mandom Indonesia Tbk	Pair Corr
0.36	BBNI	Bank Negara Indonesia	Pair Corr

Related Correlations Analysis

	BMTR	WEHA	TECH	GOOD	CMRY	DIGI	HERO	LPGI
BMTR		0.84	0.0	0.57	0.59	-0.28	0.88	0.79	BMTR
WEHA	0.84		0.0	0.43	0.8	-0.54	0.81	0.86	WEHA
TECH	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TECH
GOOD	0.57	0.43	0.0		0.4	-0.2	0.57	0.41	GOOD
CMRY	0.59	0.8	0.0	0.4		-0.71	0.7	0.84	CMRY
DIGI	-0.28	-0.54	0.0	-0.2	-0.71		-0.34	-0.6	DIGI
HERO	0.88	0.81	0.0	0.57	0.7	-0.34		0.84	HERO
LPGI	0.79	0.86	0.0	0.41	0.84	-0.6	0.84		LPGI
	BMTR	WEHA	TECH	GOOD	CMRY	DIGI	HERO	LPGI

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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

HERO	+ 0.88	BMTR
LPGI	+ 0.86	WEHA
WEHA	+ 0.84	BMTR
LPGI	+ 0.84	CMRY
LPGI	+ 0.84	HERO
HERO	+ 0.81	WEHA

High negative correlations

DIGI	- 0.71	CMRY
LPGI	- 0.6	DIGI
DIGI	- 0.54	WEHA
HERO	- 0.34	DIGI
DIGI	- 0.28	BMTR
DIGI	- 0.2	GOOD

Risk-Adjusted Indicators

There is a big difference between Citatah Stock performing well and Citatah Tbk 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 Citatah Tbk'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
BMTR	1.41	(0.33)	0.00	2.46	0.00	0.00	3.09	(3.39)	8.27
WEHA	1.21	(0.42)	0.00	28.27	0.00	0.00	1.89	(2.83)	11.59
TECH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
GOOD	0.76	(0.07)	0.00	0.54	0.00	0.00	1.53	(1.50)	7.02
CMRY	1.53	(0.28)	0.00	(7.20)	0.00	0.00	3.27	(3.21)	17.32
DIGI	2.88	0.28	0.04	(0.46)	3.11	(6.62)	7.14	(6.25)	14.36
HERO	1.55	(0.30)	0.00	(0.44)	0.00	0.00	2.73	(3.85)	16.05
LPGI	0.57	(0.28)	0.00	(3.12)	0.00	0.00	0.55	(1.31)	9.06

Be your own money manager

Our tools can tell you how much better you can do entering a position in Citatah Tbk 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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Citatah Tbk Corporate Management

Elected by the shareholders, the Citatah Tbk's board of directors comprises two types of representatives: Citatah Tbk inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Citatah. The board's role is to monitor Citatah Tbk's management team and ensure that shareholders' interests are well served. Citatah Tbk's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Citatah Tbk's outside directors are responsible for providing unbiased perspectives on the board's policies.

Gregory Aswin	Independent Commissioner	Profile
Flora Budiman	Head Audit	Profile
Eugene Park	Commissioner	Profile
Loura Hardjaloka	Corporate Secretary	Profile

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