Maha Properti Correlations

MPRO Stock

IDR 2,020 10.00 0.50%

The current 90-days correlation between Maha Properti Indonesia and Jaya Sukses Makmur is -0.12 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Maha Properti moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maha Properti Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Maha Properti Correlation With Market

Modest diversification

The correlation between Maha Properti Indonesia and DJI is 0.23 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maha Properti Indonesia and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Maha Properti could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maha Properti 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 Maha Properti - 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 Maha Properti Indonesia to buy it.

Moving together with Maha Stock

0.79	KMTR	Kirana Megatara Tbk	Pair Corr
0.89	FISH	Fks Multi Agro	Pair Corr

Moving against Maha Stock

0.78	ERTX	Eratex Djaja Tbk	Pair Corr
0.63	ABMM	Abm Investama Tbk	Pair Corr
0.57	AMAN	Makmur Berkah Amanda	Pair Corr
0.53	CFIN	Clipan Finance Indonesia	Pair Corr
0.52	PPRO	PP Properti Tbk	Pair Corr
0.52	DILD	Intiland Development Tbk	Pair Corr
0.51	TRIN	Perintis Triniti Properti	Pair Corr
0.45	RODA	Pikko Land Development	Pair Corr

Related Correlations Analysis

	POLL	RISE	MKPI	POLI	URBN
POLL		0.0	0.0	0.0	0.0	POLL
RISE	0.0		-0.62	-0.29	-0.42	RISE
MKPI	0.0	-0.62		0.25	0.42	MKPI
POLI	0.0	-0.29	0.25		0.36	POLI
URBN	0.0	-0.42	0.42	0.36		URBN
	POLL	RISE	MKPI	POLI	URBN

Click cells to compare fundamentals

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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

URBN	+ 0.42	MKPI
URBN	+ 0.36	POLI
POLI	+ 0.25	MKPI
RISE	+ 0.0	POLL
MKPI	+ 0.0	POLL
POLI	+ 0.0	POLL

High negative correlations

MKPI	- 0.62	RISE
URBN	- 0.42	RISE
POLI	- 0.29	RISE
URBN	- 0.0	POLL
POLI	- 0.0	POLL
MKPI	- 0.0	POLL

Risk-Adjusted Indicators

There is a big difference between Maha Stock performing well and Maha Properti 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 Maha Properti'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
POLL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
RISE	0.17	0.08	0.00	(1.49)	0.00	0.00	0.51	0.00	1.47
MKPI	0.56	(0.14)	0.00	(0.79)	0.00	0.00	1.07	(1.97)	5.87
POLI	1.07	0.11	(0.01)	(0.21)	1.56	(7.14)	6.67	(2.25)	19.70
URBN	2.21	0.07	0.00	0.03	0.00	0.00	3.47	(4.76)	41.31

Be your own money manager

Our tools can tell you how much better you can do entering a position in Maha Properti 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.

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