PT Bayan Correlations

BNB Stock

EUR 1.20 0.01 0.83%

The current 90-days correlation between PT Bayan Resources and China Shenhua Energy is -0.06 (i.e., Good diversification). The correlation of PT Bayan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

PT Bayan Correlation With Market

Average diversification

The correlation between PT Bayan Resources and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Bayan Resources and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BNB Stock

0.82	A2R	Accent Resources	Pair Corr
0.72	E908	Lyxor 1	Pair Corr

Moving against BNB Stock

0.71	A64	PT Adaro Energy	Pair Corr
0.69	DBPD	Xtrackers ShortDAX	Pair Corr
0.65	GD6	Ramsay Gnrale de	Pair Corr
0.64	HVB	STRA Hannoversche	Pair Corr
0.46	C4X	Onxeo SA	Pair Corr

Related Correlations Analysis

	IKF	BNB	YZCA	A64	YA1	PBE	PJM	OD8
IKF		0.25	0.47	-0.12	0.49	0.24	0.48	0.76	IKF
BNB	0.25		0.48	-0.71	0.26	-0.22	0.43	0.12	BNB
YZCA	0.47	0.48		-0.2	0.68	0.55	0.68	0.39	YZCA
A64	-0.12	-0.71	-0.2		-0.04	0.5	-0.11	-0.1	A64
YA1	0.49	0.26	0.68	-0.04		0.53	0.65	0.56	YA1
PBE	0.24	-0.22	0.55	0.5	0.53		0.44	0.25	PBE
PJM	0.48	0.43	0.68	-0.11	0.65	0.44		0.48	PJM
OD8	0.76	0.12	0.39	-0.1	0.56	0.25	0.48		OD8
	IKF	BNB	YZCA	A64	YA1	PBE	PJM	OD8

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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

OD8	+ 0.76	IKF
YA1	+ 0.68	YZCA
PJM	+ 0.68	YZCA
PJM	+ 0.65	YA1
OD8	+ 0.56	YA1
PBE	+ 0.55	YZCA

High negative correlations

A64	- 0.71	BNB
PBE	- 0.22	BNB
A64	- 0.2	YZCA
A64	- 0.12	IKF
PJM	- 0.11	A64
OD8	- 0.1	A64

Risk-Adjusted Indicators

There is a big difference between BNB Stock performing well and PT Bayan 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 PT Bayan'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
IKF	2.20	0.28	0.07	6.04	2.80	(2.42)	5.77	(4.73)	17.91
BNB	2.32	0.36	0.09	0.49	2.66	(3.15)	6.19	(5.83)	14.09
YZCA	2.28	0.57	0.16	(1.71)	2.34	(3.07)	5.88	(4.13)	28.22
A64	4.96	(0.33)	0.00	(0.35)	0.00	0.00	9.52	(11.76)	38.81
YA1	2.20	0.19	0.05	0.41	2.80	(2.50)	5.50	(5.38)	17.48
PBE	1.83	(0.02)	(0.03)	(0.02)	2.05	(2.43)	3.64	(3.85)	13.87
PJM	3.84	0.54	0.07	0.40	3.65	(10.39)	14.29	(6.67)	29.86
OD8	1.80	0.37	0.13	8.28	2.02	(2.08)	4.55	(3.53)	14.96

Be your own money manager

Our tools can tell you how much better you can do entering a position in PT Bayan 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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PT Bayan Corporate Management

Elected by the shareholders, the PT Bayan's board of directors comprises two types of representatives: PT Bayan inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BNB. The board's role is to monitor PT Bayan's management team and ensure that shareholders' interests are well served. PT Bayan'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, PT Bayan's outside directors are responsible for providing unbiased perspectives on the board's policies.

Eugene Poray	Head Planning	Profile
Tuck Low	Pres Director	Profile
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Duncan Buchanan	Chief Geologist	Profile
Chai Lim	COO Director	Profile
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