Multi Bintang Correlations
| MLBI Stock | IDR 6,225 25.00 0.40% |
The current 90-days correlation between Multi Bintang Indonesia and Merck Tbk is -0.19 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Multi Bintang moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Multi Bintang Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Multi Bintang Correlation With Market
Good diversification
The correlation between Multi Bintang Indonesia and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Multi Bintang Indonesia and DJI in the same portfolio, assuming nothing else is changed.
Multi |
The ability to find closely correlated positions to Multi Bintang could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Multi Bintang 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 Multi Bintang - 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 Multi Bintang Indonesia to buy it.
Moving together with Multi Stock
Moving against Multi Stock
| 0.83 | UNVR | Unilever Indonesia Tbk | PairCorr |
| 0.8 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.79 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.76 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.62 | TPIA | Chandra Asri Petroch | PairCorr |
| 0.62 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.36 | BBCA | Bank Central Asia | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Multi Stock performing well and Multi Bintang 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 Multi Bintang'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DLTA | 0.82 | (0.24) | 0.00 | (3.00) | 0.00 | 1.88 | 8.85 | |||
| MERK | 0.47 | (0.17) | 0.00 | 2.24 | 0.00 | 0.81 | 4.66 | |||
| MYOR | 1.45 | 0.03 | (0.04) | 0.36 | 1.62 | 4.18 | 8.98 | |||
| ULTJ | 1.00 | (0.05) | 0.00 | 0.48 | 0.00 | 2.48 | 7.89 | |||
| STTP | 1.70 | 0.20 | 0.02 | (0.60) | 2.04 | 4.34 | 25.61 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Multi Bintang 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?
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Multi Bintang Corporate Management
Elected by the shareholders, the Multi Bintang's board of directors comprises two types of representatives: Multi Bintang inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Multi. The board's role is to monitor Multi Bintang's management team and ensure that shareholders' interests are well served. Multi Bintang's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Multi Bintang's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sumantri Slamet | Independent Commissioner | Profile | |
| Rene Valle | Pres Director | Profile | |
| Jasper Hamaker | Commissioner | Profile | |
| Sandra Pattenden | F Director | Profile |