BANK MANDIRI Correlations

PQ9 Stock

0.34 0.01 3.03%

The current 90-days correlation between BANK MANDIRI and Norsk Hydro ASA is -0.11 (i.e., Good diversification). The correlation of BANK MANDIRI 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

BANK MANDIRI Correlation With Market

Average diversification

The correlation between BANK MANDIRI and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BANK MANDIRI and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with BANK Stock

0.63

TEY

Teradyne

Pair Corr

Moving against BANK Stock

0.62	AMZ	Amazon Inc	Pair Corr
0.34	APC	Apple Inc	Pair Corr
0.32	APC	Apple Inc	Pair Corr
0.32	APC	Apple Inc	Pair Corr
0.32	E908	Lyxor 1	Pair Corr

Related Correlations Analysis

	APC	APC	MSF	8SP	6NM	39O1	2DG	TM9	NOH1	CZX
APC		0.97	0.53	-0.41	0.17	0.46	-0.6	0.04	0.64	0.52	APC
APC	0.97		0.58	-0.43	0.16	0.47	-0.63	0.03	0.65	0.52	APC
MSF	0.53	0.58		-0.47	0.0	0.06	-0.68	-0.09	0.46	0.44	MSF
8SP	-0.41	-0.43	-0.47		0.43	0.05	0.58	0.18	-0.45	-0.76	8SP
6NM	0.17	0.16	0.0	0.43		0.56	-0.27	0.14	0.22	-0.24	6NM
39O1	0.46	0.47	0.06	0.05	0.56		-0.37	0.31	0.65	0.0	39O1
2DG	-0.6	-0.63	-0.68	0.58	-0.27	-0.37		0.09	-0.7	-0.6	2DG
TM9	0.04	0.03	-0.09	0.18	0.14	0.31	0.09		0.3	-0.16	TM9
NOH1	0.64	0.65	0.46	-0.45	0.22	0.65	-0.7	0.3		0.43	NOH1
CZX	0.52	0.52	0.44	-0.76	-0.24	0.0	-0.6	-0.16	0.43		CZX
	APC	APC	MSF	8SP	6NM	39O1	2DG	TM9	NOH1	CZX

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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

APC	+ 0.97	APC
NOH1	+ 0.65	APC
NOH1	+ 0.65	39O1
NOH1	+ 0.64	APC
MSF	+ 0.58	APC
2DG	+ 0.58	8SP

High negative correlations

CZX	- 0.76	8SP
NOH1	- 0.7	2DG
2DG	- 0.68	MSF
2DG	- 0.63	APC
CZX	- 0.6	2DG
2DG	- 0.6	APC

Risk-Adjusted Indicators

There is a big difference between BANK Stock performing well and BANK MANDIRI 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 BANK MANDIRI'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
APC	1.12	(0.01)	(0.03)	0.12	1.39	(1.25)	2.24	(2.65)	9.79
APC	0.89	0.00	(0.03)	0.13	1.28	(0.91)	1.91	(2.15)	7.12
MSF	0.94	(0.02)	(0.03)	0.11	1.28	(1.13)	2.20	(1.61)	9.24
8SP	2.16	(0.10)	0.00	0.26	0.00	0.00	3.43	(4.74)	21.59
6NM	1.23	0.15	(0.01)	(0.26)	1.72	(1.34)	2.79	(2.62)	9.64
39O1	3.93	0.19	0.03	0.67	3.73	(5.23)	9.64	(5.63)	34.42
2DG	3.53	(1.50)	0.00	(2.76)	0.00	0.00	5.26	(8.33)	52.42
TM9	2.46	0.12	0.01	0.36	3.58	(2.73)	5.56	(3.85)	33.87
NOH1	1.98	0.24	0.04	(2.10)	1.99	(2.34)	5.58	(3.38)	12.96
CZX	0.42	0.07	(0.05)	4.38	0.46	(0.81)	0.75	(0.74)	4.37

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Our tools can tell you how much better you can do entering a position in BANK MANDIRI 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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