Sarana Meditama Correlations
| SAME Stock | IDR 282.00 2.00 0.71% |
The current 90-days correlation between Sarana Meditama Metr and Adi Sarana Armada is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sarana Meditama moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sarana Meditama Metropolitan moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sarana Meditama Correlation With Market
Average diversification
The correlation between Sarana Meditama Metropolitan and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sarana Meditama Metropolitan and DJI in the same portfolio, assuming nothing else is changed.
Sarana |
The ability to find closely correlated positions to Sarana Meditama could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sarana Meditama 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 Sarana Meditama - 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 Sarana Meditama Metropolitan to buy it.
Moving against Sarana Stock
| 0.42 | TOWR | PT Sarana Menara | PairCorr |
| 0.41 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.41 | ISAT | Indosat Tbk | PairCorr |
| 0.38 | BMRI | Bank Mandiri Persero | PairCorr |
Related Correlations Analysis
| 0.34 | 0.61 | -0.43 | 0.43 | SILO | ||
| 0.34 | 0.62 | -0.32 | 0.71 | MIKA | ||
| 0.61 | 0.62 | -0.56 | 0.79 | ASSA | ||
| -0.43 | -0.32 | -0.56 | -0.62 | EMTK | ||
| 0.43 | 0.71 | 0.79 | -0.62 | PRDA | ||
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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 Sarana Stock performing well and Sarana Meditama 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 Sarana Meditama'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SILO | 1.25 | (0.07) | 0.00 | 0.44 | 0.00 | 2.40 | 11.03 | |||
| MIKA | 1.45 | (0.12) | 0.00 | 0.38 | 0.00 | 4.15 | 8.98 | |||
| ASSA | 1.38 | (0.28) | 0.00 | 1.74 | 0.00 | 2.99 | 11.66 | |||
| EMTK | 2.91 | 0.28 | 0.06 | 0.81 | 3.78 | 7.83 | 21.77 | |||
| PRDA | 0.83 | (0.16) | 0.00 | (0.56) | 0.00 | 1.57 | 6.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sarana Meditama 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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Sarana Meditama Corporate Management
Elected by the shareholders, the Sarana Meditama's board of directors comprises two types of representatives: Sarana Meditama inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Sarana. The board's role is to monitor Sarana Meditama's management team and ensure that shareholders' interests are well served. Sarana Meditama'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, Sarana Meditama's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Armen Djan | CFO Director | Profile | |
| Nailufar | Head Director | Profile | |
| Agnes Pricilia | Head Audit | Profile | |
| Jusup Halimi | CEO Director | Profile | |
| Meta MD | Medical Director | Profile | |
| Rahmiyati Yahya | Co Sec | Profile |