Widodo Makmur Correlations
| WMUU Stock | IDR 8.00 0.00 0.00% |
The current 90-days correlation between Widodo Makmur Unggas and Triputra Agro Persada is 0.17 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Widodo Makmur moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Widodo Makmur Unggas moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Widodo Makmur Correlation With Market
Modest diversification
The correlation between Widodo Makmur Unggas and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Widodo Makmur Unggas and DJI in the same portfolio, assuming nothing else is changed.
Widodo |
The ability to find closely correlated positions to Widodo Makmur could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Widodo Makmur 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 Widodo Makmur - 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 Widodo Makmur Unggas to buy it.
Moving together with Widodo Stock
| 0.78 | TBLA | Tunas Baru Lampung | PairCorr |
| 0.61 | FISH | Fks Multi Agro | PairCorr |
| 0.78 | GGRM | Gudang Garam Tbk Earnings Call This Week | PairCorr |
| 0.81 | UNTR | United Tractors Tbk | PairCorr |
| 0.63 | RDTX | Roda Vivatex Tbk | PairCorr |
| 0.64 | AALI | Astra Agro Lestari Earnings Call This Week | PairCorr |
| 0.88 | ADMF | Adira Dinamika Multi | PairCorr |
| 0.82 | TCID | Mandom Indonesia Tbk | PairCorr |
| 0.86 | AMFG | Asahimas Flat Glass | PairCorr |
Moving against Widodo Stock
| 0.57 | SSMS | Sawit Sumbermas Sarana | PairCorr |
| 0.54 | TAPG | Triputra Agro Persada | PairCorr |
| 0.53 | STAA | Sumber Tani Agung | PairCorr |
| 0.47 | FAPA | FAP Agri Tbk | PairCorr |
| 0.42 | PGUN | Pt Pradiksi Gunatama | PairCorr |
| 0.31 | MKPI | Metropolitan Kentjana Tbk | PairCorr |
Related Correlations Analysis
| -0.6 | -0.4 | -0.57 | -0.61 | TAPG | ||
| -0.6 | 0.84 | 0.8 | 0.8 | AGII | ||
| -0.4 | 0.84 | 0.76 | 0.76 | SRTG | ||
| -0.57 | 0.8 | 0.76 | 0.85 | DMAS | ||
| -0.61 | 0.8 | 0.76 | 0.85 | DGNS | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
|
Risk-Adjusted Indicators
There is a big difference between Widodo Stock performing well and Widodo Makmur 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 Widodo Makmur'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TAPG | 1.64 | 0.12 | 0.09 | (1.88) | 1.79 | 3.25 | 9.76 | |||
| AGII | 1.56 | (0.41) | 0.00 | (2.68) | 0.00 | 2.36 | 18.71 | |||
| SRTG | 2.41 | (0.70) | 0.00 | 9.66 | 0.00 | 4.38 | 24.15 | |||
| DMAS | 0.96 | (0.25) | 0.00 | 1.16 | 0.00 | 2.17 | 6.04 | |||
| DGNS | 2.36 | (0.63) | 0.00 | 5.72 | 0.00 | 4.97 | 17.67 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Widodo Makmur 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?
Run Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |
Widodo Makmur Corporate Management
Elected by the shareholders, the Widodo Makmur's board of directors comprises two types of representatives: Widodo Makmur inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Widodo. The board's role is to monitor Widodo Makmur's management team and ensure that shareholders' interests are well served. Widodo Makmur'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, Widodo Makmur's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ali Masadi | Pres CEO | Profile | |
| Engineer MM | HCD Director | Profile | |
| Tri Herlambang | Marketing Director | Profile | |
| Harianto Said | Head Unit | Profile | |
| Pradipta Jati | Company Sec | Profile | |
| MBA MBA | Founder Commissioner | Profile | |
| Harsono Edy | Director Director | Profile |