Dharma Polimetal Correlations
| DRMA Stock | 905.00 5.00 0.55% |
The current 90-days correlation between Dharma Polimetal Tbk and Triputra Agro Persada is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dharma Polimetal moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dharma Polimetal Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Dharma Polimetal Correlation With Market
Average diversification
The correlation between Dharma Polimetal Tbk and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Dharma Polimetal Tbk and DJI in the same portfolio, assuming nothing else is changed.
Dharma |
The ability to find closely correlated positions to Dharma Polimetal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dharma Polimetal 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 Dharma Polimetal - 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 Dharma Polimetal Tbk to buy it.
Moving together with Dharma Stock
| 0.63 | ASII | Astra International Tbk | PairCorr |
| 0.64 | BRAM | Indo Kordsa Tbk | PairCorr |
| 0.84 | GDYR | Goodyear Indonesia Tbk | PairCorr |
| 0.73 | MBAP | Mitrabara Adiperdana | PairCorr |
| 0.72 | ITMG | Indo Tambangraya Megah | PairCorr |
| 0.78 | SGER | Sumber Global Energy | PairCorr |
Moving against Dharma Stock
| 0.77 | PANR | Panorama Sentrawisata Tbk Earnings Call This Week | PairCorr |
| 0.7 | BYAN | Bayan Resources Tbk Earnings Call This Week | PairCorr |
| 0.64 | BSSR | Baramulti Suksessarana | PairCorr |
| 0.63 | MMIX | Multi Medika Interna | PairCorr |
| 0.58 | MDRN | Modern Internasional Tbk | PairCorr |
| 0.83 | JRPT | Jaya Real Property | PairCorr |
| 0.83 | LAPD | Leyand International Tbk | PairCorr |
| 0.79 | APIC | Pacific Strategic | PairCorr |
| 0.79 | CARE | Metro Healthcare Ind | PairCorr |
| 0.64 | EXCL | XL Axiata Tbk | PairCorr |
| 0.61 | BKSL | Sentul City Tbk | PairCorr |
| 0.59 | INDX | Tanah Laut Tbk | PairCorr |
| 0.54 | KREN | Kresna Graha Investama | PairCorr |
| 0.53 | SSTM | Sunson Textile Manuf | PairCorr |
| 0.48 | SMDM | Suryamas Dutamakmur Tbk | PairCorr |
| 0.48 | HDIT | Hensel Davest Indonesia | PairCorr |
| 0.45 | LINK | Link Net Tbk | PairCorr |
| 0.42 | BHAT | Bhakti Multi Artha | PairCorr |
| 0.42 | ZINC | Kapuas Prima Coal | PairCorr |
| 0.33 | HRTA | Hartadinata Abadi Tbk | PairCorr |
| 0.85 | SGRO | Sampoerna Agro Tbk | PairCorr |
| 0.83 | NINE | PT Techno9 Indonesia | PairCorr |
| 0.78 | TBIG | Tower Bersama Infras | PairCorr |
| 0.7 | KEJU | Mulia Boga Raya Split | PairCorr |
| 0.62 | ESIP | Sinergi Inti Plastindo | PairCorr |
| 0.6 | PAMG | Bima Sakti Pertiwi | PairCorr |
Related Correlations Analysis
| 0.59 | 0.46 | 0.26 | 0.33 | TAPG | ||
| 0.59 | 0.68 | 0.11 | 0.49 | ASLC | ||
| 0.46 | 0.68 | 0.12 | 0.49 | CMRY | ||
| 0.26 | 0.11 | 0.12 | 0.66 | ESSA | ||
| 0.33 | 0.49 | 0.49 | 0.66 | AVIA | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Dharma Stock performing well and Dharma Polimetal 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 Dharma Polimetal'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TAPG | 1.75 | (0.16) | 0.00 | 0.37 | 0.00 | 3.25 | 10.40 | |||
| ASLC | 1.74 | (0.28) | 0.00 | (2.91) | 0.00 | 3.95 | 12.30 | |||
| CMRY | 1.58 | (0.33) | 0.00 | (5.42) | 0.00 | 3.27 | 17.32 | |||
| ESSA | 1.55 | (0.17) | 0.00 | (0.45) | 0.00 | 3.07 | 12.11 | |||
| AVIA | 1.56 | (0.45) | 0.00 | 1.04 | 0.00 | 2.86 | 13.94 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dharma Polimetal 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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Dharma Polimetal Corporate Management
Elected by the shareholders, the Dharma Polimetal's board of directors comprises two types of representatives: Dharma Polimetal inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dharma. The board's role is to monitor Dharma Polimetal's management team and ensure that shareholders' interests are well served. Dharma Polimetal'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, Dharma Polimetal's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ari Gautama | Financial Sec | Profile | |
| Habil Lokadjaja | Head Unit | Profile | |
| Herwin Gultom | Head Affairs | Profile | |
| Nanny Huseno | Head Accounting | Profile | |
| Irianto Santoso | Pres Director | Profile |