Kawasan Industri Correlations
| KIJA Stock | IDR 120.00 1.00 0.84% |
The correlation of Kawasan Industri 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 Kawasan Industri moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Kawasan Industri Jababeka 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.
Significant diversification
The correlation between Kawasan Industri Jababeka and NYA is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kawasan Industri Jababeka and NYA in the same portfolio, assuming nothing else is changed.
Kawasan |
The ability to find closely correlated positions to Kawasan Industri could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kawasan Industri 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 Kawasan Industri - 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 Kawasan Industri Jababeka to buy it.
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Kawasan Stock performing well and Kawasan Industri 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 Kawasan Industri'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELTY | 3.39 | (2.25) | 0.00 | (2.85) | 0.00 | 0.00 | 17.42 | |||
| CTRA | 1.64 | (0.10) | 0.00 | (1.63) | 0.00 | 2.70 | 12.28 | |||
| BKSL | 2.74 | (0.46) | 0.00 | 0.38 | 0.00 | 5.00 | 17.86 | |||
| SMCB | 0.84 | 0.01 | 0.00 | 0.04 | 0.00 | 2.99 | 7.52 | |||
| LPKR | 1.67 | (0.36) | 0.00 | 4.75 | 0.00 | 3.39 | 11.12 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Kawasan Industri 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 ETF Categories Now
ETF CategoriesList of ETF categories grouped based on various criteria, such as the investment strategy or type of investments |
| All Next | Launch Module |
Already Invested in Kawasan Industri Jababeka?
The danger of trading Kawasan Industri Jababeka 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 Kawasan Industri 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 Kawasan Industri. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Kawasan Industri Jababeka 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 Kawasan Industri Jababeka. 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 Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.
Complementary Tools for Kawasan Stock analysis
When running Kawasan Industri's price analysis, check to measure Kawasan Industri'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 Kawasan Industri is operating at the current time. Most of Kawasan Industri's value examination focuses on studying past and present price action to predict the probability of Kawasan Industri's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Kawasan Industri's price. Additionally, you may evaluate how the addition of Kawasan Industri to your portfolios can decrease your overall portfolio volatility.
| Bollinger Bands Use Bollinger Bands indicator to analyze target price for a given investing horizon | |
| Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
| Portfolio Center All portfolio management and optimization tools to improve performance of your portfolios | |
| Idea Optimizer Use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio | |
| Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
| Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk |