PT Kusuma Correlations
| KKES Stock | 22.00 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PT Kusuma moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Kusuma Kemindo moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
PT Kusuma Correlation With Market
Good diversification
The correlation between PT Kusuma Kemindo and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Kusuma Kemindo and DJI in the same portfolio, assuming nothing else is changed.
KKES |
The ability to find closely correlated positions to PT Kusuma could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PT Kusuma 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 PT Kusuma - 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 PT Kusuma Kemindo to buy it.
Moving together with KKES Stock
| 0.81 | TPIA | Chandra Asri Petroch | PairCorr |
| 0.62 | EKAD | Ekadharma International | PairCorr |
| 0.74 | ADMG | Polychem Indonesia Tbk | PairCorr |
| 0.76 | MDKI | Emdeki Utama Tbk | PairCorr |
| 0.73 | CHEM | PT Chemstar Indonesia | PairCorr |
| 0.72 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.73 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.78 | GGRM | Gudang Garam Tbk | PairCorr |
Moving against KKES Stock
| 0.82 | INDF | PT Indofood Sukses | PairCorr |
| 0.81 | MFIN | Mandala Multifinance Tbk Split | PairCorr |
| 0.56 | PSAB | J Resources Asia | PairCorr |
| 0.54 | LMPI | Langgeng Makmur Industri | PairCorr |
| 0.39 | MYTX | Asia Pacific Investama | PairCorr |
| 0.33 | UNTR | United Tractors 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between KKES Stock performing well and PT Kusuma 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 PT Kusuma'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MEDS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| KRYA | 1.31 | (0.11) | 0.00 | (0.92) | 0.00 | 3.51 | 8.87 | |||
| DEWI | 1.70 | 0.14 | (0.01) | (0.21) | 2.25 | 3.85 | 12.69 | |||
| RAFI | 2.75 | 0.14 | 0.02 | 0.28 | 3.30 | 7.69 | 20.00 | |||
| KEEN | 0.82 | (0.21) | 0.00 | (2.10) | 0.00 | 1.46 | 5.49 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in PT Kusuma 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 Portfolio Rebalancing Now
Portfolio RebalancingAnalyze risk-adjusted returns against different time horizons to find asset-allocation targets |
| All Next | Launch Module |