Itama Ranoraya Correlations
| IRRA Stock | IDR 414.00 2.00 0.48% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Itama Ranoraya moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Itama Ranoraya moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Itama Ranoraya Correlation With Market
Good diversification
The correlation between Itama Ranoraya and DJI is -0.06 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Itama Ranoraya and DJI in the same portfolio, assuming nothing else is changed.
Itama |
The ability to find closely correlated positions to Itama Ranoraya could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Itama Ranoraya 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 Itama Ranoraya - 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 Itama Ranoraya to buy it.
Moving together with Itama Stock
| 0.74 | AMRT | Sumber Alfaria Trijaya | PairCorr |
| 0.92 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.87 | GGRM | Gudang Garam Tbk | PairCorr |
| 0.71 | AALI | Astra Agro Lestari | PairCorr |
| 0.89 | BBNI | Bank Negara Indonesia | PairCorr |
Moving against Itama Stock
| 0.86 | MYOH | Samindo Resources Tbk | PairCorr |
| 0.82 | PBRX | Pan Brothers Tbk | PairCorr |
| 0.79 | INDF | PT Indofood Sukses | PairCorr |
| 0.75 | JPFA | Japfa Comfeed Indonesia | PairCorr |
| 0.58 | UNTR | United Tractors Tbk | PairCorr |
| 0.57 | FORU | Fortune Indonesia Tbk | PairCorr |
| 0.32 | BUVA | Bukit Uluwatu Villa | PairCorr |
| 0.91 | JIHD | Jakarta Int Hotels | PairCorr |
| 0.86 | JSPT | Jakarta Setiabudi | PairCorr |
| 0.83 | DKFT | Central Omega Resources | PairCorr |
| 0.76 | DMMX | Digital Mediatama Maxima | PairCorr |
| 0.71 | RAFI | PT Sari Kreasi | PairCorr |
| 0.7 | BKSW | Bank Qnb Indonesia | PairCorr |
| 0.63 | ADRO | Adaro Energy Tbk | PairCorr |
| 0.59 | AXIO | Tera Data Indonusa | PairCorr |
| 0.55 | DNAR | Bank Dinar Indonesia | PairCorr |
| 0.53 | RODA | Pikko Land Development | PairCorr |
| 0.51 | BUMI | Bumi Resources Tbk | PairCorr |
| 0.43 | POWR | Cikarang Listrindo Tbk | PairCorr |
| 0.42 | TOTL | Total Bangun Persada | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Itama Stock performing well and Itama Ranoraya 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 Itama Ranoraya'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KAEF | 1.45 | (0.23) | 0.00 | (2.06) | 0.00 | 3.68 | 12.56 | |||
| INAF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BRIS | 1.64 | 0.09 | 0.00 | (2.37) | 1.55 | 4.73 | 12.51 | |||
| AGRO | 1.76 | (0.17) | 0.00 | 0.56 | 0.00 | 3.76 | 9.28 | |||
| MDKA | 1.67 | (0.22) | 0.00 | 1.67 | 0.00 | 3.76 | 10.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Itama Ranoraya 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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Itama Ranoraya Corporate Management
Elected by the shareholders, the Itama Ranoraya's board of directors comprises two types of representatives: Itama Ranoraya inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Itama. The board's role is to monitor Itama Ranoraya's management team and ensure that shareholders' interests are well served. Itama Ranoraya'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, Itama Ranoraya's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Dodi Nurzani | Operations Director | Profile | |
| Christian Prawiro | Head Unit | Profile | |
| Nanan Lasahido | Corp Director | Profile | |
| Heru Syarif | Pres Director | Profile | |
| Hendry Herman | Sales Director | Profile |