Panca Anugrah Correlations

MGLV Stock

89.00 9.00 9.18%

The current 90-days correlation between Panca Anugrah Wisesa and Bank Central Asia is 0.04 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Panca Anugrah moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Panca Anugrah Wisesa moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Panca Anugrah Correlation With Market

Very good diversification

The correlation between Panca Anugrah Wisesa and DJI is -0.29 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Panca Anugrah Wisesa and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Panca Anugrah could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Panca Anugrah 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 Panca Anugrah - 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 Panca Anugrah Wisesa to buy it.

Moving against Panca Stock

0.39	BMRI	Bank Mandiri Persero	Pair Corr
0.35	BBRI	Bank Rakyat Indonesia	Pair Corr

Related Correlations Analysis

	BBCA	BBRI	BYAN	BMRI	ASII	TPIA	BBNI	UNVR	AMRT	HMSP
BBCA		0.81	-0.59	0.84	0.37	0.79	0.9	0.75	0.7	0.64	BBCA
BBRI	0.81		-0.84	0.97	0.01	0.72	0.93	0.77	0.57	0.86	BBRI
BYAN	-0.59	-0.84		-0.83	0.21	-0.57	-0.77	-0.61	-0.63	-0.77	BYAN
BMRI	0.84	0.97	-0.83		0.08	0.78	0.96	0.82	0.66	0.83	BMRI
ASII	0.37	0.01	0.21	0.08		0.31	0.21	0.05	0.33	-0.13	ASII
TPIA	0.79	0.72	-0.57	0.78	0.31		0.8	0.83	0.74	0.71	TPIA
BBNI	0.9	0.93	-0.77	0.96	0.21	0.8		0.8	0.74	0.75	BBNI
UNVR	0.75	0.77	-0.61	0.82	0.05	0.83	0.8		0.55	0.77	UNVR
AMRT	0.7	0.57	-0.63	0.66	0.33	0.74	0.74	0.55		0.47	AMRT
HMSP	0.64	0.86	-0.77	0.83	-0.13	0.71	0.75	0.77	0.47		HMSP
	BBCA	BBRI	BYAN	BMRI	ASII	TPIA	BBNI	UNVR	AMRT	HMSP

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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

BMRI	+ 0.97	BBRI
BBNI	+ 0.96	BMRI
BBNI	+ 0.93	BBRI
BBNI	+ 0.9	BBCA
HMSP	+ 0.86	BBRI
BMRI	+ 0.84	BBCA

High negative correlations

BYAN	- 0.84	BBRI
BMRI	- 0.83	BYAN
HMSP	- 0.77	BYAN
BBNI	- 0.77	BYAN
AMRT	- 0.63	BYAN
UNVR	- 0.61	BYAN

Risk-Adjusted Indicators

There is a big difference between Panca Stock performing well and Panca Anugrah 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 Panca Anugrah'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
BBCA	1.16	(0.05)	0.00	(0.88)	0.00	0.00	2.59	(2.40)	7.01
BBRI	1.36	(0.31)	0.00	11.88	0.00	0.00	2.53	(2.74)	7.58
BYAN	0.76	0.29	0.14	1.43	0.72	(0.97)	3.50	(1.20)	9.14
BMRI	1.44	(0.27)	0.00	0.71	0.00	0.00	2.91	(3.19)	9.85
ASII	1.24	0.06	(0.03)	(0.18)	1.36	(1.57)	3.45	(2.86)	8.53
TPIA	2.63	(0.14)	0.00	(3.61)	0.00	0.00	8.58	(4.90)	19.94
BBNI	1.45	(0.25)	0.00	2.80	0.00	0.00	2.88	(3.64)	8.52
UNVR	1.84	(0.16)	0.00	0.52	0.00	0.00	4.61	(3.81)	13.19
AMRT	1.58	(0.06)	0.00	0.27	0.00	0.00	3.42	(3.77)	9.84
HMSP	1.27	(0.20)	0.00	(2.06)	0.00	0.00	2.24	(2.74)	13.03

Be your own money manager

Our tools can tell you how much better you can do entering a position in Panca Anugrah 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.

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