Steel Pipe Correlations
| ISSP Stock | IDR 256.00 4.00 1.54% |
The current 90-days correlation between Steel Pipe Industry and Semen Baturaja Persero is 0.33 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Steel Pipe moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Steel Pipe Industry moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Steel Pipe Correlation With Market
Good diversification
The correlation between Steel Pipe Industry 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 Steel Pipe Industry and DJI in the same portfolio, assuming nothing else is changed.
Steel |
The ability to find closely correlated positions to Steel Pipe could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Steel Pipe 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 Steel Pipe - 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 Steel Pipe Industry to buy it.
Moving together with Steel Stock
| 0.87 | AGII | Aneka Gas Industri | PairCorr |
| 0.69 | GDST | Gunawan Dianjaya Steel | PairCorr |
| 0.8 | BAJA | Saranacentral Bajatama | PairCorr |
| 0.76 | ALKA | Alakasa Industrindo Tbk | PairCorr |
| 0.75 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.8 | UNTR | United Tractors Tbk | PairCorr |
| 0.64 | RDTX | Roda Vivatex Tbk | PairCorr |
| 0.77 | AALI | Astra Agro Lestari | PairCorr |
| 0.81 | ADMF | Adira Dinamika Multi | PairCorr |
| 0.81 | TCID | Mandom Indonesia Tbk | PairCorr |
| 0.79 | AMFG | Asahimas Flat Glass | PairCorr |
| 0.81 | BBNI | Bank Negara Indonesia | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Steel Stock performing well and Steel Pipe 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 Steel Pipe'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMBR | 1.87 | (0.41) | 0.00 | 0.84 | 0.00 | 2.88 | 13.98 | |||
| BEST | 1.57 | (0.18) | 0.00 | 0.38 | 0.00 | 3.19 | 14.97 | |||
| KRAS | 1.71 | (0.27) | 0.00 | (0.54) | 0.00 | 4.17 | 10.47 | |||
| BAJA | 1.04 | (0.15) | 0.00 | (3.79) | 0.00 | 2.27 | 6.74 | |||
| SIMP | 0.73 | (0.10) | 0.00 | 1.95 | 0.00 | 1.09 | 5.89 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Steel Pipe 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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Steel Pipe Corporate Management
Elected by the shareholders, the Steel Pipe's board of directors comprises two types of representatives: Steel Pipe inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Steel. The board's role is to monitor Steel Pipe's management team and ensure that shareholders' interests are well served. Steel Pipe'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, Steel Pipe's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Budi Santoso | HRD Head | Profile | |
| Dianawati T | Fin Head | Profile | |
| Teguh Hauw | Head Unit | Profile | |
| Teddy Utomo | Purchasing Head | Profile |