Intikeramik Alamasri Correlations
| IKAI Stock | IDR 10.00 1.00 9.09% |
The current 90-days correlation between Intikeramik Alamasri and Champion Pacific Indonesia is 0.23 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Intikeramik Alamasri moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Intikeramik Alamasri Industri moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Intikeramik Alamasri Correlation With Market
Good diversification
The correlation between Intikeramik Alamasri Industri and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Intikeramik Alamasri Industri and DJI in the same portfolio, assuming nothing else is changed.
Intikeramik |
The ability to find closely correlated positions to Intikeramik Alamasri could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Intikeramik Alamasri 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 Intikeramik Alamasri - 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 Intikeramik Alamasri Industri to buy it.
Moving against Intikeramik Stock
| 0.63 | BMAS | Bank Maspion Indonesia | PairCorr |
| 0.47 | AMOR | Ashmore Asset Management | PairCorr |
| 0.46 | BAYU | Bayu Buana Tbk | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Intikeramik Stock performing well and Intikeramik Alamasri 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 Intikeramik Alamasri'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| INCI | 0.96 | 0.01 | (0.07) | 0.00 | 1.29 | 1.75 | 8.49 | |||
| IGAR | 0.76 | 0.05 | (0.07) | (0.09) | 1.06 | 1.63 | 4.78 | |||
| MPMX | 0.42 | (0.05) | 0.00 | 1.66 | 0.00 | 0.51 | 2.48 | |||
| JIHD | 6.28 | 3.67 | 0.86 | 5.18 | 1.97 | 24.79 | 34.81 | |||
| AHAP | 1.82 | (0.31) | 0.00 | (1.14) | 0.00 | 3.39 | 25.64 | |||
| TECH | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ISAT | 3.40 | (1.36) | 0.00 | (1.52) | 0.00 | 5.12 | 79.95 | |||
| BBNI | 1.23 | (0.09) | 0.00 | 0.56 | 0.00 | 2.73 | 8.76 | |||
| KKES | 1.87 | (0.82) | 0.00 | (5.19) | 0.00 | 3.23 | 12.35 | |||
| CASA | 1.44 | 0.07 | (0.03) | (0.39) | 2.08 | 3.60 | 21.12 |
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Intikeramik Alamasri Corporate Management
Elected by the shareholders, the Intikeramik Alamasri's board of directors comprises two types of representatives: Intikeramik Alamasri inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Intikeramik. The board's role is to monitor Intikeramik Alamasri's management team and ensure that shareholders' interests are well served. Intikeramik Alamasri'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, Intikeramik Alamasri's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gede Wahyu | Head Management | Profile | |
| SE CHRP | Corp Resource | Profile | |
| Lusy Ameilia | Head Audit | Profile | |
| Mery | Head Fin | Profile | |
| Tommy Atmojo | Head Consolidation | Profile |