Bank Mandiri Correlations

PPERY Stock

USD 11.93 0.39 3.17%

The current 90-days correlation between Bank Mandiri Persero and Bank Rakyat is 0.72 (i.e., Poor diversification). The correlation of Bank Mandiri is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Bank Mandiri Correlation With Market

Modest diversification

The correlation between Bank Mandiri Persero and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank Mandiri Persero and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Bank Pink Sheet

0.74	PBCRF	PT Bank Central	Pair Corr
0.61	HPQ	HP Inc Earnings Call Tomorrow	Pair Corr
0.87	CAT	Caterpillar	Pair Corr
0.71	MRK	Merck Company Aggressive Push	Pair Corr
0.64	TRV	The Travelers Companies	Pair Corr

Moving against Bank Pink Sheet

0.33	CIHKY	China Merchants Bank	Pair Corr
0.33	BBAS3	Banco do Brasil	Pair Corr
0.77	BA	Boeing	Pair Corr
0.68	CSCO	Cisco Systems	Pair Corr
0.59	IBM	International Business	Pair Corr
0.58	KO	Coca Cola Aggressive Push	Pair Corr
0.48	GE	GE Aerospace	Pair Corr
0.48	JPM	JPMorgan Chase	Pair Corr
0.43	PFE	Pfizer Inc Aggressive Push	Pair Corr

Related Correlations Analysis

	BKRKY	EGFEF	NDBKY	SGBLY	PBCRY	PSBQ	UOVEY	CIBEY	TKGBY
BKRKY		-0.2	0.49	0.44	0.77	0.11	0.09	0.48	0.07	BKRKY
EGFEF	-0.2		-0.23	-0.22	-0.56	0.07	0.53	-0.03	-0.33	EGFEF
NDBKY	0.49	-0.23		0.83	0.69	0.3	0.14	0.78	0.07	NDBKY
SGBLY	0.44	-0.22	0.83		0.62	0.43	0.0	0.86	0.02	SGBLY
PBCRY	0.77	-0.56	0.69	0.62		0.19	-0.11	0.57	0.13	PBCRY
PSBQ	0.11	0.07	0.3	0.43	0.19		0.03	0.52	-0.08	PSBQ
UOVEY	0.09	0.53	0.14	0.0	-0.11	0.03		0.04	-0.34	UOVEY
CIBEY	0.48	-0.03	0.78	0.86	0.57	0.52	0.04		0.0	CIBEY
TKGBY	0.07	-0.33	0.07	0.02	0.13	-0.08	-0.34	0.0		TKGBY
	BKRKY	EGFEF	NDBKY	SGBLY	PBCRY	PSBQ	UOVEY	CIBEY	TKGBY

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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

CIBEY	+ 0.86	SGBLY
SGBLY	+ 0.83	NDBKY
CIBEY	+ 0.78	NDBKY
PBCRY	+ 0.77	BKRKY
PBCRY	+ 0.69	NDBKY
PBCRY	+ 0.62	SGBLY

High negative correlations

PBCRY	- 0.56	EGFEF
TKGBY	- 0.34	UOVEY
TKGBY	- 0.33	EGFEF
NDBKY	- 0.23	EGFEF
SGBLY	- 0.22	EGFEF
EGFEF	- 0.2	BKRKY

Risk-Adjusted Indicators

There is a big difference between Bank Pink Sheet performing well and Bank Mandiri 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 Bank Mandiri'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
BKRKY	1.68	(0.22)	0.00	(0.24)	0.00	0.00	3.42	(3.17)	12.42
EGFEF	1.40	0.35	0.00	0.32	0.00	0.00	6.25	(3.33)	19.58
NDBKY	1.32	(0.06)	0.00	(0.09)	0.00	0.00	2.77	(2.74)	7.52
SGBLY	1.31	(0.15)	0.00	(0.82)	0.00	0.00	2.88	(2.67)	7.11
PBCRY	1.35	(0.20)	0.00	(1.37)	0.00	0.00	2.71	(3.80)	7.78
PSBQ	0.48	(0.10)	0.00	(4.28)	0.00	0.00	1.16	(1.49)	4.55
UOVEY	0.62	0.08	0.08	0.20	0.83	(0.67)	1.55	(1.04)	5.44
CIBEY	1.11	(0.08)	0.00	(0.10)	0.00	0.00	2.21	(2.86)	7.00
TKGBY	2.14	0.08	0.02	0.09	2.85	(2.52)	4.41	(6.49)	13.51

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Our tools can tell you how much better you can do entering a position in Bank Mandiri 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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Bank Mandiri Corporate Management

Aquarius Rudianto	Director Director	Profile
Riduan Ahmad	Director Director	Profile
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