United Tractors Correlations
| PUTKY Stock | USD 27.20 0.15 0.55% |
The correlation of United Tractors 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.
United Tractors Correlation With Market
Modest diversification
The correlation between United Tractors Tbk and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding United Tractors Tbk and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to United Tractors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace United Tractors 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 United Tractors - 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 United Tractors Tbk to buy it.
Moving together with United Pink Sheet
| 0.76 | GLCNF | Glencore PLC | PairCorr |
| 0.76 | GLNCY | Glencore PLC ADR | PairCorr |
| 0.79 | CNCK | Coincheck Group NV | PairCorr |
| 0.64 | CAT | Caterpillar | PairCorr |
| 0.73 | AA | Alcoa Corp | PairCorr |
| 0.68 | HPQ | HP Inc | PairCorr |
| 0.79 | MSFT | Microsoft | PairCorr |
Moving against United Pink Sheet
| 0.8 | JNJ | Johnson Johnson | PairCorr |
| 0.73 | WM | Waste Management | PairCorr |
| 0.71 | TRV | The Travelers Companies | PairCorr |
| 0.69 | MMM | 3M Company | PairCorr |
| 0.61 | RIO | Rio Tinto ADR | PairCorr |
| 0.59 | HROWM | Harrow Health, 11875 | PairCorr |
| 0.57 | MCD | McDonalds | PairCorr |
| 0.53 | XOM | Exxon Mobil Corp Aggressive Push | PairCorr |
| 0.48 | CSCO | Cisco Systems | PairCorr |
| 0.45 | INTC | Intel | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 United Pink Sheet performing well and United Tractors 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 United Tractors' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BOLIF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ASMMF | 1.46 | (0.19) | 0.00 | (0.94) | 0.00 | 4.00 | 31.88 | |||
| ILKAY | 1.47 | (0.33) | 0.00 | 4.34 | 0.00 | 3.16 | 13.27 | |||
| BDNNY | 1.51 | 0.31 | 0.19 | 0.53 | 1.64 | 3.18 | 17.39 | |||
| ILKAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ERMAY | 2.00 | 0.27 | 0.10 | 0.29 | 1.99 | 3.64 | 23.27 | |||
| IPGDF | 1.22 | (0.31) | 0.00 | (4.64) | 0.00 | 1.97 | 19.48 | |||
| NICMF | 2.03 | (0.09) | 0.00 | (0.13) | 0.00 | 8.11 | 45.63 | |||
| IIDDY | 1.18 | (0.45) | 0.00 | (7.31) | 0.00 | 0.00 | 22.49 | |||
| GPPRF | 4.35 | (0.14) | 0.00 | 0.84 | 0.00 | 11.11 | 30.95 |
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United Tractors Corporate Management
| Endang Handajani | Head University | Profile | |
| David Widjaja | Head Division | Profile | |
| Deni Iskandar | Head Division | Profile | |
| Nataza Perdamenta | Head Legal | Profile | |
| Sara Loebis | Head of Corporate Investor Relations, Head of Legal, Head of Corporate Communication and Company Secretary | Profile |