Salim Ivomas Correlations

SIMP Stock

IDR 396.00 6.00 1.54%

The current 90-days correlation between Salim Ivomas Pratama and Bank BRISyariah Tbk is 0.06 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Salim Ivomas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Salim Ivomas Pratama moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Salim Ivomas Correlation With Market

Good diversification

The correlation between Salim Ivomas Pratama 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 Salim Ivomas Pratama and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Salim Stock

0.72

AMRT

Sumber Alfaria Trijaya

Pair Corr

Moving against Salim Stock

0.33

BBRI

Bank Rakyat Indonesia

Pair Corr

Related Correlations Analysis

	BRIS	MPMX	JIHD	TECH	ISAT	BBNI	CASA	INOV	KRAS
BRIS		0.32	-0.11	0.0	-0.23	0.32	-0.13	-0.34	0.52	BRIS
MPMX	0.32		-0.86	0.0	0.5	0.89	-0.39	-0.59	0.42	MPMX
JIHD	-0.11	-0.86		0.0	-0.54	-0.76	0.48	0.59	-0.37	JIHD
TECH	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	TECH
ISAT	-0.23	0.5	-0.54	0.0		0.55	-0.46	-0.43	-0.38	ISAT
BBNI	0.32	0.89	-0.76	0.0	0.55		-0.28	-0.52	0.33	BBNI
CASA	-0.13	-0.39	0.48	0.0	-0.46	-0.28		0.71	-0.11	CASA
INOV	-0.34	-0.59	0.59	0.0	-0.43	-0.52	0.71		-0.32	INOV
KRAS	0.52	0.42	-0.37	0.0	-0.38	0.33	-0.11	-0.32		KRAS
	BRIS	MPMX	JIHD	TECH	ISAT	BBNI	CASA	INOV	KRAS

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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
INOV	+ 0.71	CASA
INOV	+ 0.59	JIHD
BBNI	+ 0.55	ISAT
KRAS	+ 0.52	BRIS
ISAT	+ 0.5	MPMX

High negative correlations

JIHD	- 0.86	MPMX
BBNI	- 0.76	JIHD
INOV	- 0.59	MPMX
ISAT	- 0.54	JIHD
INOV	- 0.52	BBNI
CASA	- 0.46	ISAT

Risk-Adjusted Indicators

There is a big difference between Salim Stock performing well and Salim Ivomas 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 Salim Ivomas' 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
BRIS	1.67	0.12	0.00	(0.83)	1.49	(2.51)	4.73	(2.60)	12.51
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
KRAS	2.90	0.37	0.03	(0.14)	2.46	(5.25)	8.39	(4.29)	31.64

Be your own money manager

Our tools can tell you how much better you can do entering a position in Salim Ivomas 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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Salim Ivomas Corporate Management

Elected by the shareholders, the Salim Ivomas' board of directors comprises two types of representatives: Salim Ivomas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Salim. The board's role is to monitor Salim Ivomas' management team and ensure that shareholders' interests are well served. Salim Ivomas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Salim Ivomas' outside directors are responsible for providing unbiased perspectives on the board's policies.

Grace Harun	Head HR	Profile
Tan Dermawan	Controller Accounting	Profile
Fajar Triadi	Investor Relations	Profile
Muhammad Shevy	Head Legal	Profile
Muhammad Waras	Head Sustainability	Profile
Djatmiko	Head Technology	Profile
Harrijanto Kusumo	Head Procurement	Profile

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