Bank Negara Correlations
| PTBRY Stock | USD 11.08 0.43 3.74% |
The correlation of Bank Negara 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 Negara Correlation With Market
Significant diversification
The correlation between Bank Negara Indonesia and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bank Negara Indonesia and DJI in the same portfolio, assuming nothing else is changed.
Bank |
The ability to find closely correlated positions to Bank Negara 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 Negara 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 Negara - 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 Negara Indonesia to buy it.
Moving against Bank Pink Sheet
| 0.39 | HDB | HDFC Bank Limited Normal Trading | PairCorr |
| 0.36 | BNPQF | BNP Paribas SA | PairCorr |
| 0.35 | BBDC4 | Banco Bradesco SA | PairCorr |
| 0.35 | BNPQY | BNP Paribas SA | PairCorr |
| 0.33 | IBN | ICICI Bank Limited Normal Trading | PairCorr |
| 0.33 | MCD | McDonalds | PairCorr |
| 0.31 | KO | Coca Cola | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Bank Pink Sheet performing well and Bank Negara 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 Negara'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBD | 1.73 | 0.26 | 0.11 | 0.35 | 2.01 | 3.83 | 10.46 | |||
| ITUB | 1.27 | 0.35 | 0.23 | (4.65) | 1.22 | 4.09 | 8.16 | |||
| LLDTF | 2.96 | 0.53 | 0.10 | (1.03) | 3.40 | 6.98 | 23.72 | |||
| DB | 1.62 | 0.55 | 0.31 | 0.45 | 1.22 | 4.09 | 17.66 | |||
| BSBR | 1.76 | 0.28 | 0.13 | 0.64 | 2.05 | 4.42 | 9.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank Negara 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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Bank Negara Corporate Management
| Muhammad Iqbal | Enterprise Director | Profile | |
| Johansyah | Head Division | Profile | |
| Ayu Wulandari | Head Division | Profile | |
| Yohan Setio | Head Economist | Profile | |
| Novita Anggraini | MD Director | Profile | |
| Dhias Widhiyati | Head Division | Profile | |
| Efrizal | Head Division | Profile |