Hero Supermarket Correlations
| HERO Stock | IDR 450.00 12.00 2.60% |
The current 90-days correlation between Hero Supermarket Tbk and Fast Food Indonesia is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hero Supermarket moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hero Supermarket Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Hero Supermarket Correlation With Market
Average diversification
The correlation between Hero Supermarket Tbk and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hero Supermarket Tbk and DJI in the same portfolio, assuming nothing else is changed.
Hero |
The ability to find closely correlated positions to Hero Supermarket could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hero Supermarket 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 Hero Supermarket - 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 Hero Supermarket Tbk to buy it.
Moving together with Hero Stock
| 0.9 | BBCA | Bank Central Asia | PairCorr |
| 0.69 | ASII | Astra International Tbk | PairCorr |
| 0.88 | HMSP | Hanjaya Mandala Sampoerna Earnings Call Today | PairCorr |
| 0.78 | MAYA | Bank Mayapada Intern | PairCorr |
Related Correlations Analysis
| 0.91 | 0.75 | 0.87 | 0.79 | FAST | ||
| 0.91 | 0.83 | 0.92 | 0.83 | EPMT | ||
| 0.75 | 0.83 | 0.81 | 0.73 | MPPA | ||
| 0.87 | 0.92 | 0.81 | 0.82 | HEXA | ||
| 0.79 | 0.83 | 0.73 | 0.82 | ASGR | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Hero Stock performing well and Hero Supermarket 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 Hero Supermarket'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| FAST | 3.12 | (0.67) | 0.00 | 0.91 | 0.00 | 4.03 | 36.54 | |||
| EPMT | 0.90 | (0.20) | 0.00 | (1.20) | 0.00 | 2.14 | 7.44 | |||
| MPPA | 3.08 | (0.51) | 0.00 | 0.88 | 0.00 | 6.45 | 16.29 | |||
| HEXA | 1.11 | (0.30) | 0.00 | 4.76 | 0.00 | 2.68 | 8.97 | |||
| ASGR | 0.96 | (0.18) | 0.00 | (1.33) | 0.00 | 1.88 | 6.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hero Supermarket 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?
Run Global Markets Map Now
Global Markets MapGet a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes |
| All Next | Launch Module |