Champ Resto Correlations
| ENAK Stock | 830.00 45.00 5.14% |
The current 90-days correlation between Champ Resto Indonesia and Hotel Sahid Jaya is -0.08 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Champ Resto moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Champ Resto Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Champ Resto Correlation With Market
Good diversification
The correlation between Champ Resto Indonesia and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Champ Resto Indonesia and DJI in the same portfolio, assuming nothing else is changed.
Champ |
The ability to find closely correlated positions to Champ Resto could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Champ Resto 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 Champ Resto - 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 Champ Resto Indonesia to buy it.
Moving together with Champ Stock
| 0.72 | CSMI | Cipta Selera Murni | PairCorr |
| 0.77 | LUCY | Lima Dua Lima | PairCorr |
| 0.91 | BESS | Batulicin Nusantara | PairCorr |
| 0.67 | SGRO | Sampoerna Agro Tbk | PairCorr |
| 0.71 | DIGI | Arkadia Digital Media | PairCorr |
| 0.77 | MMIX | Multi Medika Interna | PairCorr |
| 0.69 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.67 | ADRO | Adaro Energy Tbk | PairCorr |
| 0.85 | ARKA | Arkha Jayanti Persada | PairCorr |
Moving against Champ Stock
| 0.79 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.77 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.71 | BBCA | Bank Central Asia Earnings Call This Week | PairCorr |
| 0.65 | UNTR | United Tractors Tbk | PairCorr |
| 0.64 | PTSP | Pioneerindo Gourmet | PairCorr |
| 0.63 | ASII | Astra International Tbk | PairCorr |
| 0.63 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.59 | AMRT | Sumber Alfaria Trijaya | PairCorr |
| 0.55 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.54 | IBOS | PT Indo Boga | PairCorr |
| 0.81 | BBNI | Bank Negara Indonesia Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.06 | 0.3 | -0.15 | -0.36 | PNSE | ||
| 0.06 | 0.33 | -0.87 | 0.55 | SHID | ||
| 0.3 | 0.33 | -0.57 | 0.37 | SONA | ||
| -0.15 | -0.87 | -0.57 | -0.67 | PANR | ||
| -0.36 | 0.55 | 0.37 | -0.67 | PJAA | ||
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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 Champ Stock performing well and Champ Resto 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 Champ Resto'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNSE | 5.45 | 0.65 | 0.07 | 0.55 | 5.83 | 24.57 | 46.88 | |||
| SHID | 2.01 | (0.33) | 0.00 | (2.71) | 0.00 | 4.37 | 19.78 | |||
| SONA | 7.49 | 0.07 | 0.01 | (0.32) | 7.01 | 24.22 | 43.33 | |||
| PANR | 1.34 | 0.67 | 0.34 | 35.88 | 0.54 | 4.00 | 11.12 | |||
| PJAA | 0.83 | (0.14) | 0.00 | 0.94 | 0.00 | 1.74 | 5.25 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Champ Resto 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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