Pakuwon Jati Correlations

PWON Stock

IDR 418.00 6.00 1.42%

The current 90-days correlation between Pakuwon Jati Tbk and Intiland Development Tbk is 0.32 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Pakuwon Jati moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Pakuwon Jati Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Pakuwon Jati Correlation With Market

Good diversification

The correlation between Pakuwon Jati Tbk and DJI is -0.2 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pakuwon Jati Tbk and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Pakuwon Stock

0.91	GGRM	Gudang Garam Tbk	Pair Corr
0.9	ADMF	Adira Dinamika Multi	Pair Corr
0.63	AMFG	Asahimas Flat Glass	Pair Corr
0.85	BBNI	Bank Negara Indonesia	Pair Corr
0.82	MKPI	Metropolitan Kentjana Tbk	Pair Corr

Moving against Pakuwon Stock

0.38	RDTX	Roda Vivatex Tbk	Pair Corr
0.37	UNTR	United Tractors Tbk	Pair Corr

Related Correlations Analysis

	LPCK	LPKR	DILD	MPMX	JIHD	TECH	ISAT	BBNI	CASA	INOV
LPCK		0.29	0.49	0.61	-0.64	0.0	0.09	0.59	0.11	-0.15	LPCK
LPKR	0.29		-0.05	-0.17	0.27	0.0	-0.82	-0.22	0.34	0.18	LPKR
DILD	0.49	-0.05		0.86	-0.78	0.0	0.45	0.84	-0.57	-0.75	DILD
MPMX	0.61	-0.17	0.86		-0.86	0.0	0.5	0.89	-0.39	-0.59	MPMX
JIHD	-0.64	0.27	-0.78	-0.86		0.0	-0.54	-0.76	0.48	0.59	JIHD
TECH	0.0	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	TECH
ISAT	0.09	-0.82	0.45	0.5	-0.54	0.0		0.55	-0.46	-0.43	ISAT
BBNI	0.59	-0.22	0.84	0.89	-0.76	0.0	0.55		-0.28	-0.52	BBNI
CASA	0.11	0.34	-0.57	-0.39	0.48	0.0	-0.46	-0.28		0.71	CASA
INOV	-0.15	0.18	-0.75	-0.59	0.59	0.0	-0.43	-0.52	0.71		INOV
	LPCK	LPKR	DILD	MPMX	JIHD	TECH	ISAT	BBNI	CASA	INOV

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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

BBNI	+ 0.89	MPMX
MPMX	+ 0.86	DILD
BBNI	+ 0.84	DILD
INOV	+ 0.71	CASA
MPMX	+ 0.61	LPCK
BBNI	+ 0.59	LPCK

High negative correlations

JIHD	- 0.86	MPMX
ISAT	- 0.82	LPKR
JIHD	- 0.78	DILD
BBNI	- 0.76	JIHD
INOV	- 0.75	DILD
JIHD	- 0.64	LPCK

Risk-Adjusted Indicators

There is a big difference between Pakuwon Stock performing well and Pakuwon Jati 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 Pakuwon Jati'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
LPCK	1.88	(0.18)	0.00	0.63	0.00	0.00	3.36	(4.52)	21.54
LPKR	3.25	0.52	0.15	1.21	2.84	(4.42)	7.95	(5.61)	26.25
DILD	1.63	(0.14)	0.00	0.59	0.00	0.00	2.97	(3.03)	8.41
MPMX	0.42	(0.07)	0.00	(0.46)	0.00	0.00	0.51	(0.98)	2.48
JIHD	5.84	3.29	0.79	5.38	2.01	(8.41)	24.74	(5.03)	34.81
TECH	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISAT	3.37	(1.39)	0.00	(1.66)	0.00	0.00	5.12	(5.74)	79.95
BBNI	1.22	(0.08)	0.00	0.56	0.00	0.00	2.73	(2.68)	8.76
CASA	1.44	0.07	(0.02)	(0.46)	2.09	(2.05)	3.60	(2.86)	21.12
INOV	1.80	0.04	(0.04)	(0.09)	2.07	(2.61)	3.19	(4.04)	22.27

Be your own money manager

Our tools can tell you how much better you can do entering a position in Pakuwon Jati 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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