Verena Multi Correlations
| VRNA Stock | IDR 90.00 1.00 1.12% |
The current 90-days correlation between Verena Multi Finance and Panin Sekuritas Tbk is 0.08 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Verena Multi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Verena Multi Finance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Verena Multi Correlation With Market
Good diversification
The correlation between Verena Multi Finance and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Verena Multi Finance and DJI in the same portfolio, assuming nothing else is changed.
Verena |
The ability to find closely correlated positions to Verena Multi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Verena Multi 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 Verena Multi - 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 Verena Multi Finance to buy it.
Moving together with Verena Stock
| 0.62 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.66 | BBCA | Bank Central Asia | PairCorr |
| 0.62 | HMSP | Hanjaya Mandala Sampoerna | PairCorr |
| 0.61 | BRPT | Barito Pacific Tbk | PairCorr |
Related Correlations Analysis
| -0.69 | 0.67 | -0.57 | 0.59 | PNIN | ||
| -0.69 | -0.43 | 0.52 | -0.17 | MREI | ||
| 0.67 | -0.43 | -0.5 | 0.54 | PANS | ||
| -0.57 | 0.52 | -0.5 | -0.15 | WOMF | ||
| 0.59 | -0.17 | 0.54 | -0.15 | LPPS | ||
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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 Verena Stock performing well and Verena Multi 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 Verena Multi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PNIN | 2.06 | 0.44 | 0.14 | (2.85) | 1.88 | 5.86 | 17.44 | |||
| MREI | 0.88 | (0.24) | 0.00 | (2.46) | 0.00 | 1.48 | 4.42 | |||
| PANS | 0.55 | 0.02 | (0.12) | (0.08) | 0.67 | 1.25 | 4.26 | |||
| WOMF | 0.60 | (0.07) | 0.00 | (0.16) | 0.00 | 1.12 | 7.14 | |||
| LPPS | 3.43 | 0.28 | 0.02 | (0.32) | 4.01 | 7.50 | 43.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Verena Multi 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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Verena Multi Corporate Management
Elected by the shareholders, the Verena Multi's board of directors comprises two types of representatives: Verena Multi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Verena. The board's role is to monitor Verena Multi's management team and ensure that shareholders' interests are well served. Verena Multi'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, Verena Multi's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shunsuke Horiuchi | Commissioner | Profile | |
| Fransisca Gunawan | Head Sec | Profile | |
| Abdur Rahman | Compliance Management | Profile | |
| Rudyanto Adisoetjahja | Head Division | Profile | |
| Heno Soeroso | Head Division | Profile | |
| R Rahmat | Head Division | Profile |