Metrodata Electronics Correlations
| MTDL Stock | IDR 615.00 5.00 0.81% |
The current 90-days correlation between Metrodata Electronics Tbk and Multipolar Tbk is 0.02 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Metrodata Electronics moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Metrodata Electronics Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Metrodata Electronics Correlation With Market
Modest diversification
The correlation between Metrodata Electronics Tbk and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Metrodata Electronics Tbk and DJI in the same portfolio, assuming nothing else is changed.
Metrodata |
The ability to find closely correlated positions to Metrodata Electronics could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Metrodata Electronics 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 Metrodata Electronics - 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 Metrodata Electronics Tbk to buy it.
Moving together with Metrodata Stock
Moving against Metrodata Stock
| 0.54 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.53 | BDMN | Bank Danamon Indonesia | PairCorr |
| 0.44 | MEGA | Bank Mega Tbk | PairCorr |
| 0.36 | BBNI | Bank Negara Indonesia | PairCorr |
Related Correlations Analysis
| 0.77 | 0.96 | -0.48 | 0.46 | MLPL | ||
| 0.77 | 0.73 | -0.46 | 0.41 | ASGR | ||
| 0.96 | 0.73 | -0.61 | 0.32 | MPPA | ||
| -0.48 | -0.46 | -0.61 | 0.04 | RALS | ||
| 0.46 | 0.41 | 0.32 | 0.04 | LTLS | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Metrodata Stock performing well and Metrodata Electronics 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 Metrodata Electronics' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MLPL | 5.58 | 1.32 | 0.15 | (0.93) | 5.84 | 19.61 | 53.35 | |||
| ASGR | 0.86 | 0.05 | (0.05) | 0.41 | 0.80 | 1.79 | 5.70 | |||
| MPPA | 4.48 | 0.76 | 0.09 | 3.97 | 5.16 | 15.85 | 55.98 | |||
| RALS | 0.73 | (0.18) | 0.00 | (0.65) | 0.00 | 2.01 | 4.53 | |||
| LTLS | 0.43 | 0.01 | (0.13) | 0.00 | 0.56 | 1.01 | 4.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Metrodata Electronics 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?
Run Piotroski F Score Now
Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
| All Next | Launch Module |
Metrodata Electronics Corporate Management
Elected by the shareholders, the Metrodata Electronics' board of directors comprises two types of representatives: Metrodata Electronics inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Metrodata. The board's role is to monitor Metrodata Electronics' management team and ensure that shareholders' interests are well served. Metrodata Electronics' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Metrodata Electronics' outside directors are responsible for providing unbiased perspectives on the board's policies.