Indonesia Fibreboard Correlations
| IFII Stock | IDR 198.00 22.00 10.00% |
The current 90-days correlation between Indonesia Fibreboard and Satyamitra Kemas Lestari is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Indonesia Fibreboard moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Indonesia Fibreboard Industry moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Indonesia Fibreboard Correlation With Market
Good diversification
The correlation between Indonesia Fibreboard Industry and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Indonesia Fibreboard Industry and DJI in the same portfolio, assuming nothing else is changed.
Indonesia |
The ability to find closely correlated positions to Indonesia Fibreboard could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Indonesia Fibreboard 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 Indonesia Fibreboard - 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 Indonesia Fibreboard Industry to buy it.
Moving together with Indonesia Stock
| 0.67 | SINI | Singaraja Putra | PairCorr |
| 0.85 | INDF | PT Indofood Sukses | PairCorr |
| 0.77 | DMMX | Digital Mediatama Maxima | PairCorr |
Moving against Indonesia Stock
| 0.83 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.81 | BBRI | Bank Rakyat Indonesia | PairCorr |
| 0.78 | BBNI | Bank Negara Indonesia | PairCorr |
| 0.75 | SULI | Slj Global Tbk | PairCorr |
| 0.73 | UNVR | Unilever Indonesia Tbk | PairCorr |
| 0.62 | BBCA | Bank Central Asia | PairCorr |
| 0.54 | ISAT | Indosat Tbk Split | PairCorr |
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Indonesia Stock performing well and Indonesia Fibreboard 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 Indonesia Fibreboard'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GGRP | 4.71 | 0.66 | 0.08 | (7.97) | 4.73 | 9.43 | 115.12 | |||
| SMKL | 0.82 | (0.18) | 0.00 | (1.44) | 0.00 | 2.21 | 6.51 | |||
| IFSH | 2.39 | (0.37) | 0.00 | (0.53) | 0.00 | 5.49 | 15.57 | |||
| SAMF | 0.83 | (0.01) | 0.00 | 0.08 | 0.00 | 2.05 | 7.85 | |||
| PMJS | 2.43 | (0.23) | 0.00 | 0.34 | 0.00 | 4.23 | 17.69 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Indonesia Fibreboard 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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Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Indonesia Fibreboard Corporate Management
Elected by the shareholders, the Indonesia Fibreboard's board of directors comprises two types of representatives: Indonesia Fibreboard inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Indonesia. The board's role is to monitor Indonesia Fibreboard's management team and ensure that shareholders' interests are well served. Indonesia Fibreboard'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, Indonesia Fibreboard's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Heffy Hartono | Pres Director | Profile | |
| Takuji Okamoto | Marketing Director | Profile | |
| Evan Kristian | Co Sec | Profile | |
| Thomas Verdiyanto | Accounting Fin | Profile | |
| Ang Pribadi | Compliance Director | Profile | |
| Billy Putra | Unit Audit | Profile |