Berkah Prima Correlations
| BLUE Stock | 334.00 2.00 0.60% |
The current 90-days correlation between Berkah Prima Perkasa and Hensel Davest Indonesia is 0.03 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Berkah Prima moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Berkah Prima Perkasa moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Berkah Prima Correlation With Market
Good diversification
The correlation between Berkah Prima Perkasa and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Berkah Prima Perkasa and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Berkah Prima could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Berkah Prima 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 Berkah Prima - 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 Berkah Prima Perkasa to buy it.
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Berkah Stock performing well and Berkah Prima 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 Berkah Prima'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CCSI | 2.21 | (0.32) | 0.00 | (0.58) | 0.00 | 3.33 | 31.44 | |||
| HDIT | 3.91 | (0.27) | 0.00 | 0.59 | 0.00 | 7.14 | 19.52 | |||
| APII | 1.09 | (0.05) | 0.00 | (0.09) | 0.00 | 2.31 | 7.24 | |||
| BELL | 2.32 | (0.32) | 0.00 | (0.42) | 0.00 | 3.33 | 35.07 | |||
| EAST | 1.12 | (0.08) | 0.00 | (0.57) | 0.00 | 1.82 | 16.32 |
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