Planet Properindo Correlations

PLAN Stock

IDR 33.00 3.00 10.00%

The current 90-days correlation between Planet Properindo Jaya and Campina Ice Cream is -0.21 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Planet Properindo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Planet Properindo Jaya moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Planet Properindo Correlation With Market

Average diversification

The correlation between Planet Properindo Jaya and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Planet Properindo Jaya and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Planet Stock

0.72	CLAY	Citra Putra Realty	Pair Corr
0.87	JIHD	Jakarta Int Hotels	Pair Corr
0.65	LMPI	Langgeng Makmur Industri	Pair Corr

Moving against Planet Stock

0.76	EAST	Eastparc Hotel Tbk	Pair Corr
0.69	ARTA	Arthavest Tbk	Pair Corr
0.67	BBRI	Bank Rakyat Indonesia	Pair Corr
0.66	BMRI	Bank Mandiri Persero	Pair Corr
0.65	BNGA	Bank Cimb Niaga	Pair Corr
0.64	BBNI	Bank Negara Indonesia	Pair Corr
0.61	NATO	Surya Permata Andalan	Pair Corr
0.61	BNLI	Bank Permata Tbk	Pair Corr
0.56	BBCA	Bank Central Asia	Pair Corr
0.46	SHID	Hotel Sahid Jaya	Pair Corr
0.43	NISP	Bank Ocbc Nisp	Pair Corr

Related Correlations Analysis

	CAMP	MPMX	JIHD	ISAT	INOV	PSAB	AKRA	HERO	NIRO	MIKA
CAMP		0.87	-0.82	0.73	-0.58	-0.51	0.75	0.65	0.86	0.81	CAMP
MPMX	0.87		-0.84	0.53	-0.62	-0.29	0.78	0.69	0.76	0.82	MPMX
JIHD	-0.82	-0.84		-0.51	0.6	0.28	-0.83	-0.75	-0.7	-0.79	JIHD
ISAT	0.73	0.53	-0.51		-0.45	-0.64	0.56	0.43	0.82	0.63	ISAT
INOV	-0.58	-0.62	0.6	-0.45		0.33	-0.81	-0.28	-0.63	-0.82	INOV
PSAB	-0.51	-0.29	0.28	-0.64	0.33		-0.4	-0.33	-0.67	-0.49	PSAB
AKRA	0.75	0.78	-0.83	0.56	-0.81	-0.4		0.59	0.8	0.93	AKRA
HERO	0.65	0.69	-0.75	0.43	-0.28	-0.33	0.59		0.56	0.57	HERO
NIRO	0.86	0.76	-0.7	0.82	-0.63	-0.67	0.8	0.56		0.86	NIRO
MIKA	0.81	0.82	-0.79	0.63	-0.82	-0.49	0.93	0.57	0.86		MIKA
	CAMP	MPMX	JIHD	ISAT	INOV	PSAB	AKRA	HERO	NIRO	MIKA

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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

MIKA	+ 0.93	AKRA
MPMX	+ 0.87	CAMP
NIRO	+ 0.86	CAMP
MIKA	+ 0.86	NIRO
MIKA	+ 0.82	MPMX
NIRO	+ 0.82	ISAT

High negative correlations

JIHD	- 0.84	MPMX
AKRA	- 0.83	JIHD
MIKA	- 0.82	INOV
JIHD	- 0.82	CAMP
AKRA	- 0.81	INOV
MIKA	- 0.79	JIHD

Risk-Adjusted Indicators

There is a big difference between Planet Stock performing well and Planet Properindo 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 Planet Properindo'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
CAMP	1.14	(0.41)	0.00	(3.07)	0.00	0.00	2.01	(2.86)	7.49
MPMX	0.42	(0.08)	0.00	(0.60)	0.00	0.00	0.51	(0.98)	2.48
JIHD	6.28	3.05	0.50	3.07	3.65	(8.81)	24.74	(9.70)	34.93
ISAT	3.41	(1.23)	0.00	(1.51)	0.00	0.00	5.88	(5.74)	79.95
INOV	1.75	0.24	0.00	(0.07)	1.94	(2.61)	3.19	(3.26)	22.27
PSAB	3.46	0.42	0.09	0.70	3.84	(4.31)	10.84	(7.32)	32.59
AKRA	1.54	(0.34)	0.00	(0.61)	0.00	0.00	3.08	(3.70)	8.67
HERO	1.62	(0.26)	0.00	12.05	0.00	0.00	4.72	(4.51)	12.01
NIRO	0.35	(0.07)	0.00	0.44	0.00	0.00	0.75	(0.74)	5.84
MIKA	1.49	(0.22)	0.00	(1.41)	0.00	0.00	3.00	(3.37)	10.99

Be your own money manager

Our tools can tell you how much better you can do entering a position in Planet Properindo 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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