Central Omega Correlations

DKFT Stock  IDR 234.00  2.00  0.86%   
The current 90-days correlation between Central Omega Resources and Kabelindo Murni Tbk is 0.26 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Central Omega moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Central Omega Resources moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Central Omega Correlation With Market

Good diversification

The correlation between Central Omega Resources and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Central Omega Resources and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Central Omega could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Central Omega 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 Central Omega - 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 Central Omega Resources to buy it.

Moving against Central Stock

  0.95GGRM Gudang Garam TbkPairCorr
  0.9ADMF Adira Dinamika MultiPairCorr
  0.85BRPT Barito Pacific TbkPairCorr
  0.85BBNI Bank Negara IndonesiaPairCorr
  0.83GDST Gunawan Dianjaya SteelPairCorr
  0.83MKPI Metropolitan Kentjana TbkPairCorr
  0.8ISSP Steel Pipe IndustryPairCorr
  0.75AGII Aneka Gas IndustriPairCorr
  0.65TCID Mandom Indonesia TbkPairCorr
  0.64AMFG Asahimas Flat GlassPairCorr
  0.61ALKA Alakasa Industrindo TbkPairCorr
  0.57BAJA Saranacentral BajatamaPairCorr
  0.38AALI Astra Agro LestariPairCorr

Related Correlations Analysis

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   
PMJSMBAP
CTTHPMJS
PMJSKICI
MBAPKICI
MBAPKBLM
PMJSKBLM
  
High negative correlations   
PMJSBIPP
MBAPBIPP
BIPPKBLM
MBAPIGAR
IGARKBLM
BIPPKICI

Risk-Adjusted Indicators

There is a big difference between Central Stock performing well and Central Omega 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 Central Omega'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 DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
KICI  2.11 (0.08) 0.00  0.61  0.00 
 4.17 
 16.68 
KBLM  1.12 (0.14) 0.00  0.82  0.00 
 2.65 
 9.72 
IGAR  0.87  0.05 (0.03)(0.38) 1.09 
 1.96 
 11.72 
BIPP  1.97  0.27  0.04  1.57  2.22 
 3.70 
 14.36 
MBAP  0.92 (0.18) 0.00 (1.89) 0.00 
 1.66 
 8.51 
FOLK  1.80  0.05  0.00  0.28  2.66 
 2.00 
 48.93 
BINA  0.51  0.03 (0.06)(0.63) 0.68 
 1.50 
 6.07 
MBSS  1.82  0.11  0.01  1.69  1.88 
 4.57 
 15.25 
PMJS  2.44 (0.21) 0.00  0.37  0.00 
 4.23 
 17.69 
CTTH  1.72 (0.12) 0.00  0.83  0.00 
 4.17 
 16.33 

Be your own money manager

Our tools can tell you how much better you can do entering a position in Central Omega 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 CEOs Directory Now

   

CEOs Directory

Screen CEOs from public companies around the world
All  Next Launch Module

Central Omega Corporate Management

Elected by the shareholders, the Central Omega's board of directors comprises two types of representatives: Central Omega inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Central. The board's role is to monitor Central Omega's management team and ensure that shareholders' interests are well served. Central Omega'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, Central Omega's outside directors are responsible for providing unbiased perspectives on the board's policies.
Yohanes SupriadyCorporate SecretaryProfile
Patar PardedeHead DivisionProfile
Kurniadi AtmosasmitoCommissionerProfile
Bastian PurnamaIndependent CommissionerProfile