Jakarta Setiabudi Correlations
| JSPT Stock | IDR 12,600 1,375 9.84% |
The current 90-days correlation between Jakarta Setiabudi and Jasuindo Tiga Perkasa is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jakarta Setiabudi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jakarta Setiabudi Internasional moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Jakarta Setiabudi Correlation With Market
Modest diversification
The correlation between Jakarta Setiabudi Internasiona and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jakarta Setiabudi Internasiona and DJI in the same portfolio, assuming nothing else is changed.
Jakarta |
The ability to find closely correlated positions to Jakarta Setiabudi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jakarta Setiabudi 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 Jakarta Setiabudi - 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 Jakarta Setiabudi Internasional to buy it.
Moving against Jakarta Stock
| 0.8 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.7 | BBCA | Bank Central Asia | PairCorr |
| 0.69 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.63 | ASII | Astra International Tbk | PairCorr |
| 0.57 | UNTR | United Tractors Tbk | PairCorr |
| 0.51 | BMRI | Bank Mandiri Persero | PairCorr |
Related Correlations Analysis
| 0.28 | 0.02 | 0.55 | 0.19 | JTPE | ||
| 0.28 | 0.28 | 0.71 | 0.62 | JIHD | ||
| 0.02 | 0.28 | 0.18 | 0.28 | INTD | ||
| 0.55 | 0.71 | 0.18 | 0.61 | PNSE | ||
| 0.19 | 0.62 | 0.28 | 0.61 | BAYU | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Jakarta Stock performing well and Jakarta Setiabudi 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 Jakarta Setiabudi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JTPE | 0.87 | 0.03 | 0.03 | (0.13) | 1.07 | 2.30 | 8.17 | |||
| JIHD | 6.99 | (0.01) | 0.00 | (0.03) | 0.00 | 20.20 | 49.71 | |||
| INTD | 3.40 | 0.39 | 0.10 | (1.90) | 3.65 | 8.60 | 48.71 | |||
| PNSE | 3.98 | (1.22) | 0.00 | (0.73) | 0.00 | 9.77 | 46.82 | |||
| BAYU | 0.84 | (0.18) | 0.00 | (1.35) | 0.00 | 1.83 | 5.87 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jakarta Setiabudi 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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Jakarta Setiabudi Corporate Management
Elected by the shareholders, the Jakarta Setiabudi's board of directors comprises two types of representatives: Jakarta Setiabudi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jakarta. The board's role is to monitor Jakarta Setiabudi's management team and ensure that shareholders' interests are well served. Jakarta Setiabudi'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, Jakarta Setiabudi's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Eddy Purnama | Pres Internasional | Profile | |
| Asan Effendy | Corporate Secretary | Profile | |
| Andi Sofyan | Pres International | Profile | |
| Rini Mulyanti | Deputy HR | Profile | |
| Nurlia | Head Audit | Profile |