Panin Financial Correlations
| PNLF Stock | IDR 384.00 12.00 3.23% |
The current 90-days correlation between Panin Financial Tbk and Paninvest Tbk is 0.75 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Panin Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Panin Financial Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Panin Financial Correlation With Market
Good diversification
The correlation between Panin Financial Tbk and DJI is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Panin Financial Tbk and DJI in the same portfolio, assuming nothing else is changed.
Panin |
The ability to find closely correlated positions to Panin Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Panin Financial 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 Panin Financial - 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 Panin Financial Tbk to buy it.
Moving together with Panin Stock
| 0.8 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.64 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.8 | BBCA | Bank Central Asia | PairCorr |
| 0.73 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.69 | ASII | Astra International Tbk | PairCorr |
| 0.78 | BNGA | Bank Cimb Niaga | PairCorr |
| 0.83 | PNBN | Bank Pan Indonesia Earnings Call This Week | PairCorr |
Moving against Panin Stock
Related Correlations Analysis
| 0.78 | 0.39 | 0.57 | 0.35 | PNBN | ||
| 0.78 | 0.44 | 0.71 | 0.16 | PNIN | ||
| 0.39 | 0.44 | 0.53 | 0.55 | KIJA | ||
| 0.57 | 0.71 | 0.53 | 0.18 | BMTR | ||
| 0.35 | 0.16 | 0.55 | 0.18 | BDMN | ||
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Risk-Adjusted Indicators
There is a big difference between Panin Stock performing well and Panin Financial 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 Panin Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNBN | 1.77 | (0.05) | 0.00 | 0.09 | 0.00 | 4.56 | 11.79 | |||
| PNIN | 1.73 | (0.11) | 0.00 | 0.66 | 0.00 | 3.92 | 17.44 | |||
| KIJA | 0.88 | (0.08) | 0.00 | (0.88) | 0.00 | 1.63 | 5.17 | |||
| BMTR | 1.30 | (0.36) | 0.00 | 31.95 | 0.00 | 3.09 | 7.39 | |||
| BDMN | 0.73 | (0.02) | 0.00 | 0.08 | 0.00 | 2.40 | 4.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Panin Financial 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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Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
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