Sekar Bumi Correlations
| SKBM Stock | IDR 330.00 2.00 0.60% |
The current 90-days correlation between Sekar Bumi Tbk and Sekar Laut Tbk is 0.56 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Sekar Bumi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Sekar Bumi Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Sekar |
The ability to find closely correlated positions to Sekar Bumi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Sekar Bumi 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 Sekar Bumi - 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 Sekar Bumi Tbk to buy it.
Moving together with Sekar Stock
| 0.72 | BBCA | Bank Central Asia | PairCorr |
| 0.77 | SRTG | Saratoga Investama Sedaya | PairCorr |
| 0.67 | ISAT | Indosat Tbk | PairCorr |
| 0.7 | HMSP | Hanjaya Mandala Sampoerna Earnings Call This Week | PairCorr |
| 0.86 | GGRM | Gudang Garam Tbk Earnings Call This Week | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Sekar Stock performing well and Sekar Bumi 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 Sekar Bumi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SKLT | 1.84 | (0.09) | 0.00 | (0.68) | 0.00 | 1.72 | 54.29 | |||
| STTP | 2.09 | (0.13) | 0.00 | (0.38) | 0.00 | 5.65 | 31.29 | |||
| PSDN | 2.36 | (0.12) | 0.00 | 0.13 | 0.00 | 3.66 | 40.35 | |||
| TCID | 2.12 | (0.32) | 0.00 | (0.83) | 0.00 | 5.12 | 12.91 | |||
| SDPC | 0.84 | (0.06) | 0.00 | (2.42) | 0.00 | 1.57 | 7.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Sekar Bumi 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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