Emdeki Utama Correlations
| MDKI Stock | IDR 174.00 1.00 0.57% |
The current 90-days correlation between Emdeki Utama Tbk and Intanwijaya Internasional Tbk is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Emdeki Utama moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Emdeki Utama Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Emdeki Utama Correlation With Market
Average diversification
The correlation between Emdeki Utama Tbk and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Emdeki Utama Tbk and DJI in the same portfolio, assuming nothing else is changed.
Emdeki |
The ability to find closely correlated positions to Emdeki Utama could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Emdeki Utama 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 Emdeki Utama - 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 Emdeki Utama Tbk to buy it.
Moving together with Emdeki Stock
| 0.78 | BRPT | Barito Pacific Tbk | PairCorr |
| 0.93 | AGII | Aneka Gas Industri | PairCorr |
| 0.88 | ISSP | Steel Pipe Industry | PairCorr |
| 0.9 | GDST | Gunawan Dianjaya Steel | PairCorr |
| 0.62 | ALKA | Alakasa Industrindo Tbk | PairCorr |
| 0.89 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.62 | AALI | Astra Agro Lestari | PairCorr |
| 0.94 | ADMF | Adira Dinamika Multi | PairCorr |
| 0.76 | TCID | Mandom Indonesia Tbk | PairCorr |
| 0.75 | AMFG | Asahimas Flat Glass | PairCorr |
| 0.86 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.88 | MKPI | Metropolitan Kentjana Tbk | PairCorr |
Moving against Emdeki Stock
Related Correlations Analysis
| -0.08 | -0.23 | -0.3 | 0.45 | PBID | ||
| -0.08 | 0.62 | 0.33 | 0.46 | INCI | ||
| -0.23 | 0.62 | 0.25 | 0.57 | HRTA | ||
| -0.3 | 0.33 | 0.25 | -0.05 | UNIC | ||
| 0.45 | 0.46 | 0.57 | -0.05 | MARK | ||
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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 Emdeki Stock performing well and Emdeki Utama 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 Emdeki Utama'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PBID | 1.08 | 0.25 | 0.06 | (0.46) | 0.90 | 2.78 | 12.31 | |||
| INCI | 0.99 | 0.03 | (0.05) | (0.70) | 1.32 | 1.77 | 8.49 | |||
| HRTA | 1.66 | (0.04) | 0.00 | (0.13) | 0.00 | 3.98 | 17.50 | |||
| UNIC | 0.70 | 0.01 | (0.09) | (0.42) | 0.77 | 1.86 | 7.16 | |||
| MARK | 1.96 | 0.26 | 0.05 | 1.90 | 2.65 | 4.46 | 17.61 |
Be your own money manager
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