Pioneerindo Gourmet Correlations
| PTSP Stock | IDR 900.00 5.00 0.55% |
The current 90-days correlation between Pioneerindo Gourmet and PT Dewi Shri is -0.02 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pioneerindo Gourmet moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pioneerindo Gourmet International moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Pioneerindo Gourmet Correlation With Market
Good diversification
The correlation between Pioneerindo Gourmet Internatio and DJI is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pioneerindo Gourmet Internatio and DJI in the same portfolio, assuming nothing else is changed.
Pioneerindo |
The ability to find closely correlated positions to Pioneerindo Gourmet could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pioneerindo Gourmet 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 Pioneerindo Gourmet - 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 Pioneerindo Gourmet International to buy it.
Moving together with Pioneerindo Stock
| 0.9 | ENAK | Champ Resto Indonesia | PairCorr |
| 0.94 | IBOS | PT Indo Boga | PairCorr |
| 0.8 | ITMA | Sumber Energi Andalan | PairCorr |
| 0.85 | TAMU | PT Pelayaran Tamarin | PairCorr |
| 0.72 | TPIA | Chandra Asri Petroch | PairCorr |
Moving against Pioneerindo Stock
| 0.95 | BRMS | Bumi Resources Minerals | PairCorr |
| 0.93 | DMMX | Digital Mediatama Maxima | PairCorr |
| 0.77 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.72 | LUCY | Lima Dua Lima | PairCorr |
| 0.7 | BIPI | Benakat Petroleum Energy | PairCorr |
| 0.55 | RAFI | PT Sari Kreasi | PairCorr |
| 0.54 | UNTR | United Tractors Tbk | PairCorr |
Related Correlations Analysis
| -0.68 | -0.34 | 0.36 | -0.53 | DEWI | ||
| -0.68 | 0.52 | -0.44 | 0.5 | KRYA | ||
| -0.34 | 0.52 | -0.31 | 0.79 | SLIS | ||
| 0.36 | -0.44 | -0.31 | -0.27 | HATM | ||
| -0.53 | 0.5 | 0.79 | -0.27 | ASHA | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Pioneerindo Stock performing well and Pioneerindo Gourmet 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 Pioneerindo Gourmet'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DEWI | 1.45 | 0.23 | 0.04 | (0.81) | 1.52 | 3.75 | 12.69 | |||
| KRYA | 1.28 | (0.08) | 0.00 | (3.31) | 0.00 | 3.51 | 8.87 | |||
| SLIS | 1.10 | (0.15) | 0.00 | 1.01 | 0.00 | 2.00 | 7.41 | |||
| HATM | 1.51 | 0.05 | (0.01) | 1.49 | 2.85 | 4.05 | 20.36 | |||
| ASHA | 3.70 | (0.37) | 0.00 | 0.66 | 0.00 | 8.33 | 16.67 |
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