Panca Global Correlations
| PEGE Stock | IDR 86.00 3.00 3.37% |
The correlation of Panca Global 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 Panca Global moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Panca Global Securities 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.
Average diversification
The correlation between Panca Global Securities and NYA is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Panca Global Securities and NYA in the same portfolio, assuming nothing else is changed.
Panca |
The ability to find closely correlated positions to Panca Global could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Panca Global 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 Panca Global - 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 Panca Global Securities to buy it.
Moving together with Panca Stock
| 0.9 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.86 | ARTO | Bank Artos Indonesia | PairCorr |
| 0.82 | UNVR | Unilever Indonesia Tbk | PairCorr |
| 0.61 | GIAA | Garuda Indonesia Persero | PairCorr |
Moving against Panca Stock
| 0.81 | TPIA | Chandra Asri Petroch | PairCorr |
| 0.59 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.53 | BBCA | Bank Central Asia | PairCorr |
Related Correlations Analysis
| 0.32 | -0.29 | 0.41 | 0.53 | PANS | ||
| 0.32 | -0.21 | 0.36 | 0.26 | RELI | ||
| -0.29 | -0.21 | 0.1 | -0.25 | MFIN | ||
| 0.41 | 0.36 | 0.1 | 0.26 | PNIN | ||
| 0.53 | 0.26 | -0.25 | 0.26 | MREI | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Panca Stock performing well and Panca Global 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 Panca Global'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PANS | 0.49 | (0.04) | 0.00 | 0.33 | 0.00 | 1.21 | 2.73 | |||
| RELI | 1.98 | (0.09) | (0.02) | 0.00 | 2.41 | 5.21 | 32.69 | |||
| MFIN | 0.44 | 0.01 | (0.08) | 0.12 | 0.48 | 0.97 | 3.19 | |||
| PNIN | 1.23 | (0.18) | 0.00 | 0.38 | 0.00 | 1.72 | 18.58 | |||
| MREI | 2.32 | (0.36) | 0.00 | 0.73 | 0.00 | 3.25 | 28.80 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Panca Global 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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Already Invested in Panca Global Securities?
The danger of trading Panca Global Securities 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 Panca Global 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 Panca Global. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Panca Global Securities 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Panca Global Securities. 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
Complementary Tools for Panca Stock analysis
When running Panca Global's price analysis, check to measure Panca Global'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 Panca Global is operating at the current time. Most of Panca Global's value examination focuses on studying past and present price action to predict the probability of Panca Global's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Panca Global's price. Additionally, you may evaluate how the addition of Panca Global to your portfolios can decrease your overall portfolio volatility.
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