Kabelindo Murni Correlations
| KBLM Stock | IDR 250.00 8.00 3.10% |
The correlation of Kabelindo Murni is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Kabelindo Murni moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kabelindo Murni Tbk moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Kabelindo Murni Tbk and NYA is -0.17 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kabelindo Murni Tbk and NYA in the same portfolio, assuming nothing else is changed.
Kabelindo |
The ability to find closely correlated positions to Kabelindo Murni could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kabelindo Murni 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 Kabelindo Murni - 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 Kabelindo Murni Tbk to buy it.
Moving against Kabelindo Stock
| 0.73 | BRIS | Bank BRISyariah Tbk | PairCorr |
| 0.69 | BMRI | Bank Mandiri Persero Earnings Call Today | PairCorr |
| 0.65 | BNGA | Bank Cimb Niaga | PairCorr |
| 0.62 | NISP | Bank Ocbc Nisp | PairCorr |
| 0.53 | BBCA | Bank Central Asia | 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
|
Risk-Adjusted Indicators
There is a big difference between Kabelindo Stock performing well and Kabelindo Murni 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 Kabelindo Murni'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| EMDE | 1.68 | (0.44) | 0.00 | (0.44) | 0.00 | 3.17 | 14.25 | |||
| BRMS | 1.80 | (0.17) | 0.00 | (5.97) | 0.00 | 4.52 | 10.75 | |||
| INDO | 1.49 | 0.14 | 0.05 | 0.63 | 1.47 | 3.77 | 10.12 | |||
| POLL | 1.67 | (0.20) | 0.00 | (0.15) | 0.00 | 3.47 | 12.72 | |||
| MDRN | 4.99 | (0.26) | 0.00 | 0.17 | 0.00 | 25.00 | 45.00 | |||
| DNET | 0.91 | 0.00 | (0.04) | 0.03 | 1.01 | 1.98 | 5.73 | |||
| URBN | 1.54 | (0.21) | 0.00 | (1.87) | 0.00 | 3.55 | 10.85 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kabelindo Murni 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?
Run Equity Forecasting Now
Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
Kabelindo Murni Corporate Directors
Kabelindo Murni corporate directors refer to members of a Kabelindo Murni board of directors. The board of directors generally takes responsibility for the Kabelindo Murni's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Kabelindo Murni's board members must vote for the resolution. The Kabelindo Murni board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Tan Tanto | Director | Profile | |
| Andika Wongkar | Marketing Director | Profile | |
| Veronica Lukman | F Director | Profile | |
| Petrus Dwisantosa | Director | Profile |
Already Invested in Kabelindo Murni Tbk?
The danger of trading Kabelindo Murni Tbk is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Kabelindo Murni is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Kabelindo Murni. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kabelindo Murni Tbk is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Kabelindo Murni Tbk. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Complementary Tools for Kabelindo Stock analysis
When running Kabelindo Murni's price analysis, check to measure Kabelindo Murni's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Kabelindo Murni is operating at the current time. Most of Kabelindo Murni's value examination focuses on studying past and present price action to predict the probability of Kabelindo Murni's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kabelindo Murni's price. Additionally, you may evaluate how the addition of Kabelindo Murni to your portfolios can decrease your overall portfolio volatility.
| CEOs Directory Screen CEOs from public companies around the world | |
| Money Flow Index Determine momentum by analyzing Money Flow Index and other technical indicators | |
| Portfolio Diagnostics Use generated alerts and portfolio events aggregator to diagnose current holdings | |
| Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| Price Exposure Probability Analyze equity upside and downside potential for a given time horizon across multiple markets | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
| Pattern Recognition Use different Pattern Recognition models to time the market across multiple global exchanges | |
| Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| ETFs Find actively traded Exchange Traded Funds (ETF) from around the world | |
| Crypto Correlations Use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |