Capitol Nusantara Correlations
| CANI Stock | IDR 49.00 0.00 0.00% |
The current 90-days correlation between Capitol Nusantara and Indo Straits Tbk is 0.18 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Capitol Nusantara moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Capitol Nusantara Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Capitol Nusantara Correlation With Market
Significant diversification
The correlation between Capitol Nusantara Indonesia and DJI is 0.04 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Capitol Nusantara Indonesia and DJI in the same portfolio, assuming nothing else is changed.
Capitol |
The ability to find closely correlated positions to Capitol Nusantara could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Capitol Nusantara 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 Capitol Nusantara - 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 Capitol Nusantara Indonesia to buy it.
Moving against Capitol Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Capitol Stock performing well and Capitol Nusantara 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 Capitol Nusantara'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBRM | 1.69 | (0.09) | 0.00 | (0.38) | 0.00 | 3.66 | 14.90 | |||
| BULL | 1.98 | 0.19 | 0.01 | (0.13) | 3.45 | 4.72 | 23.19 | |||
| TPMA | 1.40 | (0.05) | 0.00 | 0.18 | 0.00 | 2.56 | 19.24 | |||
| PTIS | 3.90 | 0.32 | 0.00 | (0.05) | 4.38 | 24.55 | 38.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Capitol Nusantara 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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