PT Cerestar Correlations

TRGU Stock

204.00 4.00 2.00%

The current 90-days correlation between PT Cerestar Indonesia and Wijaya Karya Bangunan is -0.11 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as PT Cerestar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Cerestar Indonesia moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

PT Cerestar Correlation With Market

Good diversification

The correlation between PT Cerestar Indonesia and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Cerestar Indonesia and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to PT Cerestar 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 Cerestar 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 Cerestar - 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 Cerestar Indonesia to buy it.

Moving against TRGU Stock

0.74	CAMP	Campina Ice Cream	Pair Corr
0.66	BBCA	Bank Central Asia	Pair Corr
0.65	BBNI	Bank Negara Indonesia	Pair Corr
0.65	BNGA	Bank Cimb Niaga	Pair Corr
0.64	BMRI	Bank Mandiri Persero	Pair Corr
0.63	BRIS	Bank BRISyariah Tbk	Pair Corr
0.58	BBRI	Bank Rakyat Indonesia	Pair Corr
0.31	ASII	Astra International Tbk	Pair Corr
0.31	NISP	Bank Ocbc Nisp	Pair Corr

Related Correlations Analysis

	FOOD	GOOD	WEGE	MBAP	FOLK	BINA	MBSS	PMJS	CTTH	UANG
FOOD		0.01	0.51	0.57	-0.09	-0.24	0.54	0.56	0.36	0.33	FOOD
GOOD	0.01		0.08	0.07	0.25	0.19	0.23	-0.17	-0.28	-0.46	GOOD
WEGE	0.51	0.08		0.95	0.33	-0.38	0.43	0.79	0.47	0.54	WEGE
MBAP	0.57	0.07	0.95		0.25	-0.48	0.54	0.81	0.54	0.54	MBAP
FOLK	-0.09	0.25	0.33	0.25		0.14	-0.02	0.06	-0.1	-0.09	FOLK
BINA	-0.24	0.19	-0.38	-0.48	0.14		-0.33	-0.53	-0.54	-0.42	BINA
MBSS	0.54	0.23	0.43	0.54	-0.02	-0.33		0.32	0.25	-0.01	MBSS
PMJS	0.56	-0.17	0.79	0.81	0.06	-0.53	0.32		0.78	0.76	PMJS
CTTH	0.36	-0.28	0.47	0.54	-0.1	-0.54	0.25	0.78		0.72	CTTH
UANG	0.33	-0.46	0.54	0.54	-0.09	-0.42	-0.01	0.76	0.72		UANG
	FOOD	GOOD	WEGE	MBAP	FOLK	BINA	MBSS	PMJS	CTTH	UANG

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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

MBAP	+ 0.95	WEGE
PMJS	+ 0.81	MBAP
PMJS	+ 0.79	WEGE
CTTH	+ 0.78	PMJS
UANG	+ 0.76	PMJS
UANG	+ 0.72	CTTH

High negative correlations

CTTH	- 0.54	BINA
PMJS	- 0.53	BINA
BINA	- 0.48	MBAP
UANG	- 0.46	GOOD
UANG	- 0.42	BINA
BINA	- 0.38	WEGE

Risk-Adjusted Indicators

There is a big difference between TRGU Stock performing well and PT Cerestar 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 Cerestar'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
FOOD	1.07	0.01	(0.06)	(0.01)	1.13	(1.70)	2.59	(1.69)	8.37
GOOD	1.16	0.15	0.01	(0.32)	1.66	(1.36)	2.54	(2.88)	14.11
WEGE	1.24	(0.27)	0.00	(1.76)	0.00	0.00	2.44	(2.74)	7.91
MBAP	0.92	(0.18)	0.00	(1.89)	0.00	0.00	1.66	(2.03)	8.51
FOLK	1.80	0.12	(0.01)	(0.06)	2.68	(6.67)	2.00	(5.56)	48.93
BINA	0.51	0.03	(0.06)	(0.63)	0.68	(0.80)	1.50	(1.21)	6.07
MBSS	1.82	0.11	0.01	1.69	1.88	(2.62)	4.57	(3.60)	15.25
PMJS	2.44	(0.21)	0.00	0.37	0.00	0.00	4.23	(7.97)	17.69
CTTH	1.72	(0.12)	0.00	0.83	0.00	0.00	4.17	(6.67)	16.33
UANG	1.31	(0.22)	0.00	(0.63)	0.00	0.00	2.00	(4.82)	21.11

Be your own money manager

Our tools can tell you how much better you can do entering a position in PT Cerestar 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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