PT Multi Correlations
| FOLK Stock | 50.00 0.00 0.00% |
The current 90-days correlation between PT Multi Garam and Capital Financial Indonesia is -0.01 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PT Multi moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Multi Garam moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
PT Multi Correlation With Market
Good diversification
The correlation between PT Multi Garam and DJI is -0.12 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Multi Garam and DJI in the same portfolio, assuming nothing else is changed.
FOLK |
The ability to find closely correlated positions to PT Multi 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 Multi 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 Multi - 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 Multi Garam to buy it.
Related Correlations Analysis
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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
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Risk-Adjusted Indicators
There is a big difference between FOLK Stock performing well and PT Multi 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 Multi'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CASA | 1.37 | 0.08 | (0.01) | (1.51) | 2.01 | 3.60 | 21.12 | |||
| APIC | 0.92 | 0.05 | (0.06) | (0.10) | 0.98 | 3.37 | 8.92 | |||
| GSMF | 2.00 | 0.11 | 0.00 | 0.69 | 1.85 | 5.77 | 24.23 | |||
| YELO | 3.04 | (0.29) | 0.00 | 5.93 | 0.00 | 6.67 | 13.81 | |||
| HITS | 1.84 | 0.74 | 0.17 | (0.97) | 2.14 | 3.82 | 33.41 | |||
| ALMI | 2.24 | (0.25) | 0.00 | 1.20 | 0.00 | 6.67 | 18.45 | |||
| AMOR | 2.38 | 0.18 | (0.02) | (0.05) | 3.09 | 6.32 | 32.83 |
PT Multi Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with PT Multi stock to make a market-neutral strategy. Peer analysis of PT Multi could also be used in its relative valuation, which is a method of valuing PT Multi by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |