Alfa Energi Correlations
| FIRE Stock | IDR 88.00 1.00 1.12% |
The current 90-days correlation between Alfa Energi Investama and Harum Energy Tbk is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Alfa Energi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Alfa Energi Investama moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Alfa Energi Correlation With Market
Significant diversification
The correlation between Alfa Energi Investama and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Alfa Energi Investama and DJI in the same portfolio, assuming nothing else is changed.
Alfa |
The ability to find closely correlated positions to Alfa Energi could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Alfa Energi 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 Alfa Energi - 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 Alfa Energi Investama to buy it.
Moving together with Alfa Stock
| 0.76 | ITMA | Sumber Energi Andalan | PairCorr |
| 0.84 | MDKA | Merdeka Copper Gold | PairCorr |
| 0.7 | TAMU | PT Pelayaran Tamarin | PairCorr |
| 0.78 | TPIA | Chandra Asri Petroch | PairCorr |
| 0.64 | ADMR | Adaro Minerals Indonesia | PairCorr |
| 0.75 | BBRM | Pelayaran Nasional Bina | PairCorr |
| 0.65 | INCO | Vale Indonesia Tbk | PairCorr |
Moving against Alfa Stock
| 0.87 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.8 | BRMS | Bumi Resources Minerals | PairCorr |
| 0.64 | BIPI | Benakat Petroleum Energy | PairCorr |
Related Correlations Analysis
| 0.72 | 0.25 | -0.75 | 0.74 | HRUM | ||
| 0.72 | 0.21 | -0.59 | 0.52 | DOID | ||
| 0.25 | 0.21 | 0.18 | 0.28 | ASSA | ||
| -0.75 | -0.59 | 0.18 | -0.63 | EMTK | ||
| 0.74 | 0.52 | 0.28 | -0.63 | ERAA | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Alfa Stock performing well and Alfa Energi 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 Alfa Energi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HRUM | 1.51 | (0.17) | 0.00 | 0.68 | 0.00 | 3.14 | 9.99 | |||
| DOID | 2.15 | (0.12) | 0.00 | (0.09) | 0.00 | 3.85 | 14.40 | |||
| ASSA | 1.22 | 0.05 | (0.04) | (0.63) | 1.42 | 2.13 | 9.89 | |||
| EMTK | 2.73 | 0.81 | 0.20 | (0.63) | 2.33 | 7.83 | 21.15 | |||
| ERAA | 1.65 | 0.11 | (0.05) | 0.01 | 2.17 | 3.77 | 12.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Alfa Energi 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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Piotroski F ScoreGet Piotroski F Score based on the binary analysis strategy of nine different fundamentals |
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Alfa Energi Corporate Management
Elected by the shareholders, the Alfa Energi's board of directors comprises two types of representatives: Alfa Energi inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Alfa. The board's role is to monitor Alfa Energi's management team and ensure that shareholders' interests are well served. Alfa Energi'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, Alfa Energi's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Budi Kartika | Commissioner | Profile | |
| R Rahman | Independent Director, Operations Director | Profile | |
| Adam Satria | Legal Mang | Profile | |
| Herbert Manurung | Technical Mang | Profile | |
| Teguh Santosa | F Director | Profile |