Cikarang Listrindo Correlations
| POWR Stock | IDR 655.00 5.00 0.77% |
The current 90-days correlation between Cikarang Listrindo Tbk and Puradelta Lestari PT is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cikarang Listrindo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cikarang Listrindo Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Cikarang Listrindo Correlation With Market
Good diversification
The correlation between Cikarang Listrindo Tbk and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cikarang Listrindo Tbk and DJI in the same portfolio, assuming nothing else is changed.
Cikarang |
The ability to find closely correlated positions to Cikarang Listrindo could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cikarang Listrindo 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 Cikarang Listrindo - 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 Cikarang Listrindo Tbk to buy it.
Moving together with Cikarang Stock
| 0.65 | ASII | Astra International Tbk | PairCorr |
| 0.71 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.87 | GGRM | Gudang Garam Tbk Earnings Call Today | PairCorr |
| 0.62 | INDF | PT Indofood Sukses | PairCorr |
| 0.85 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.86 | BBCA | Bank Central Asia | PairCorr |
| 0.7 | AMRT | Sumber Alfaria Trijaya | PairCorr |
| 0.82 | UNTR | United Tractors Tbk | PairCorr |
Moving against Cikarang Stock
| 0.78 | RGAS | Kian Santang Muliatama | PairCorr |
| 0.76 | LPPF | Matahari Department Store | PairCorr |
| 0.67 | SMDM | Suryamas Dutamakmur Tbk | PairCorr |
| 0.65 | FITT | Hotel Fitra International | PairCorr |
| 0.62 | JARR | PT Jhonlin Agro | PairCorr |
| 0.61 | MYOH | Samindo Resources Tbk | PairCorr |
| 0.56 | INAI | Indal Aluminium Industry | PairCorr |
| 0.54 | IFII | Indonesia Fibreboard | PairCorr |
| 0.47 | EDGE | Indointernet Tbk | PairCorr |
| 0.37 | BUVA | Bukit Uluwatu Villa | PairCorr |
| 0.36 | MKAP | PT Multikarya Asia | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Cikarang Stock performing well and Cikarang Listrindo 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 Cikarang Listrindo'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DMAS | 0.97 | (0.22) | 0.00 | 0.80 | 0.00 | 2.17 | 6.04 | |||
| MPMX | 0.59 | (0.07) | 0.00 | 0.94 | 0.00 | 1.09 | 3.68 | |||
| WEGE | 1.79 | (0.41) | 0.00 | (1.09) | 0.00 | 4.00 | 13.33 | |||
| TOWR | 2.07 | (0.41) | 0.00 | 4.60 | 0.00 | 3.15 | 18.81 | |||
| SIDO | 1.53 | (0.04) | 0.00 | 0.09 | 0.00 | 4.59 | 11.97 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cikarang Listrindo 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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Cikarang Listrindo Corporate Management
Elected by the shareholders, the Cikarang Listrindo's board of directors comprises two types of representatives: Cikarang Listrindo inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cikarang. The board's role is to monitor Cikarang Listrindo's management team and ensure that shareholders' interests are well served. Cikarang Listrindo'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, Cikarang Listrindo's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ko Rina | Investor Mang | Profile | |
| Winan Kusno | Compliance Mang | Profile | |
| Budy Hariono | F Mang | Profile | |
| Lita Farida | Co Officer | Profile | |
| Sami Sivola | Head Team | Profile |