Multistrada Arah Correlations
| MASA Stock | IDR 6,200 0.00 0.00% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Multistrada Arah moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Multistrada Arah Sarana moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
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The ability to find closely correlated positions to Multistrada Arah could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Multistrada Arah 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 Multistrada Arah - 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 Multistrada Arah Sarana to buy it.
Related Correlations Analysis
| -0.48 | 0.56 | 0.0 | -0.41 | GJTL | ||
| -0.48 | -0.54 | 0.0 | 0.63 | KIJA | ||
| 0.56 | -0.54 | 0.0 | -0.58 | SIPD | ||
| 0.0 | 0.0 | 0.0 | 0.0 | META | ||
| -0.41 | 0.63 | -0.58 | 0.0 | TBLA | ||
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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 Multistrada Stock performing well and Multistrada Arah 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 Multistrada Arah'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GJTL | 1.51 | (0.13) | 0.00 | 0.38 | 0.00 | 2.63 | 17.99 | |||
| KIJA | 1.16 | 0.39 | 0.19 | (0.96) | 0.72 | 2.73 | 10.62 | |||
| SIPD | 1.60 | (0.09) | 0.00 | 0.39 | 0.00 | 3.31 | 17.99 | |||
| META | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| TBLA | 0.86 | 0.07 | (0.06) | (0.65) | 0.88 | 1.59 | 5.19 |
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