Red Planet Correlations
| PSKT Stock | IDR 36.00 3.00 7.69% |
The current 90-days correlation between Red Planet Indonesia and Pudjiadi Sons Tbk is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Red Planet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Red Planet Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Red Planet Correlation With Market
Average diversification
The correlation between Red Planet Indonesia and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Red Planet Indonesia and DJI in the same portfolio, assuming nothing else is changed.
Red |
The ability to find closely correlated positions to Red Planet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Red Planet 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 Red Planet - 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 Red Planet Indonesia to buy it.
Moving against Red Stock
| 0.52 | ASII | Astra International Tbk | PairCorr |
| 0.39 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.39 | GGRM | Gudang Garam Tbk Earnings Call Tomorrow | PairCorr |
| 0.35 | HMSP | Hanjaya Mandala Sampoerna Earnings Call Today | PairCorr |
| 0.35 | BBCA | Bank Central Asia | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Red Stock performing well and Red Planet 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 Red Planet'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PGLI | 2.70 | (0.66) | 0.00 | (1.25) | 0.00 | 7.19 | 26.55 | |||
| PNSE | 2.54 | (1.15) | 0.00 | 2.73 | 0.00 | 3.72 | 15.13 | |||
| PTSP | 2.68 | (0.25) | 0.00 | (1.12) | 0.00 | 4.41 | 35.66 | |||
| PJAA | 1.13 | (0.20) | 0.00 | (24.20) | 0.00 | 2.68 | 7.18 | |||
| SHID | 4.54 | (0.07) | 0.00 | 0.17 | 0.00 | 24.65 | 41.07 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Red Planet 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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| All Next | Launch Module |
Red Planet Corporate Management
Elected by the shareholders, the Red Planet's board of directors comprises two types of representatives: Red Planet inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Red. The board's role is to monitor Red Planet's management team and ensure that shareholders' interests are well served. Red Planet'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, Red Planet's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Astini Oudang | Investment Director | Profile | |
| Seandy Khusen | Head Compliance | Profile | |
| Suwito | Pres Director | Profile | |
| Indra Lesmana | HRD Mang | Profile | |
| Herianto Kwee | Co Mang | Profile |