Hotel Fitra Correlations
| FITT Stock | 97.00 1.00 1.02% |
The current 90-days correlation between Hotel Fitra International and Eastparc Hotel Tbk is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hotel Fitra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hotel Fitra International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Hotel Fitra Correlation With Market
Significant diversification
The correlation between Hotel Fitra International and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hotel Fitra International and DJI in the same portfolio, assuming nothing else is changed.
Hotel |
The ability to find closely correlated positions to Hotel Fitra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hotel Fitra 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 Hotel Fitra - 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 Hotel Fitra International to buy it.
Moving together with Hotel Stock
| 0.71 | NATO | Surya Permata Andalan | PairCorr |
| 0.61 | SHID | Hotel Sahid Jaya | PairCorr |
| 0.69 | EAST | Eastparc Hotel Tbk | PairCorr |
| 0.7 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.77 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.82 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.65 | UNVR | Unilever Indonesia Tbk | PairCorr |
Moving against Hotel Stock
| 0.66 | JIHD | Jakarta Int Hotels | PairCorr |
| 0.52 | INDF | PT Indofood Sukses | PairCorr |
| 0.39 | CLAY | Citra Putra Realty | PairCorr |
| 0.36 | GZCO | Gozco Plantations Tbk | PairCorr |
Related Correlations Analysis
| -0.47 | -0.49 | 0.51 | 0.64 | EAST | ||
| -0.47 | 0.58 | -0.21 | -0.29 | HRME | ||
| -0.49 | 0.58 | -0.4 | -0.05 | MINA | ||
| 0.51 | -0.21 | -0.4 | 0.19 | FOOD | ||
| 0.64 | -0.29 | -0.05 | 0.19 | YELO | ||
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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
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Risk-Adjusted Indicators
There is a big difference between Hotel Stock performing well and Hotel Fitra 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 Hotel Fitra'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EAST | 1.06 | (0.23) | 0.00 | (0.96) | 0.00 | 1.05 | 16.31 | |||
| HRME | 3.20 | 0.69 | 0.14 | (5.33) | 2.53 | 9.09 | 18.77 | |||
| MINA | 3.37 | 0.84 | 0.12 | 2.21 | 2.99 | 8.70 | 19.09 | |||
| FOOD | 1.15 | 0.01 | 0.00 | 0.09 | 0.00 | 2.59 | 8.37 | |||
| YELO | 3.26 | 0.08 | (0.01) | 0.87 | 3.58 | 6.67 | 13.81 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hotel Fitra 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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