PT Homeco Correlations
| LIVE Stock | 138.00 9.00 6.12% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PT Homeco moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Homeco Victoria moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
PT Homeco Correlation With Market
Significant diversification
The correlation between PT Homeco Victoria and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Homeco Victoria and DJI in the same portfolio, assuming nothing else is changed.
LIVE |
The ability to find closely correlated positions to PT Homeco 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 Homeco 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 Homeco - 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 Homeco Victoria to buy it.
Moving against LIVE Stock
| 0.64 | UNVR | Unilever Indonesia Tbk | PairCorr |
| 0.58 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.57 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.41 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.39 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.37 | BBCA | Bank Central Asia | PairCorr |
| 0.37 | AMRT | Sumber Alfaria Trijaya | PairCorr |
Related Correlations Analysis
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | ALMI | ||
| 0.0 | 0.41 | 0.2 | -0.24 | 0.79 | 0.51 | ABBA | ||
| 0.0 | 0.41 | 0.04 | 0.4 | 0.2 | 0.34 | NISP | ||
| 0.0 | 0.2 | 0.04 | -0.38 | 0.22 | 0.11 | LPGI | ||
| 0.0 | -0.24 | 0.4 | -0.38 | -0.27 | 0.07 | DYAN | ||
| 0.0 | 0.79 | 0.2 | 0.22 | -0.27 | 0.63 | WINE | ||
| 0.0 | 0.51 | 0.34 | 0.11 | 0.07 | 0.63 | MTDL | ||
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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
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Risk-Adjusted Indicators
There is a big difference between LIVE Stock performing well and PT Homeco 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 Homeco'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALMI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ABBA | 3.26 | (0.78) | 0.00 | 3.56 | 0.00 | 5.56 | 17.14 | |||
| NISP | 0.81 | (0.05) | 0.00 | 0.15 | 0.00 | 1.95 | 6.49 | |||
| LPGI | 0.92 | 0.07 | 0.06 | (6.95) | 1.20 | 1.58 | 11.04 | |||
| DYAN | 1.65 | (0.18) | 0.00 | 0.85 | 0.00 | 3.23 | 16.28 | |||
| WINE | 2.40 | (0.32) | 0.00 | 0.63 | 0.00 | 4.35 | 32.49 | |||
| MTDL | 1.78 | (0.23) | 0.00 | 1.04 | 0.00 | 3.57 | 12.17 |
PT Homeco Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PT Homeco stock to make a market-neutral strategy. Peer analysis of PT Homeco could also be used in its relative valuation, which is a method of valuing PT Homeco by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |