Bukit Asam Correlations
| TBNGY Stock | USD 4.69 0.00 0.00% |
The current 90-days correlation between Bukit Asam Tbk and HUTCHMED DRC is -0.19 (i.e., Good diversification). The correlation of Bukit Asam 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.
Bukit Asam Correlation With Market
Good diversification
The correlation between Bukit Asam Tbk and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Bukit Asam Tbk and DJI in the same portfolio, assuming nothing else is changed.
Bukit |
The ability to find closely correlated positions to Bukit Asam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bukit Asam 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 Bukit Asam - 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 Bukit Asam Tbk to buy it.
Moving together with Bukit Pink Sheet
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| 0.84 | CCOZF | China Coal Energy | PairCorr |
| 0.87 | CCOZY | China Coal Energy | PairCorr |
| 0.63 | WMT | Walmart Aggressive Push | PairCorr |
| 0.63 | ACN | Accenture plc | PairCorr |
| 0.65 | DPSGY | Deutsche Post AG | PairCorr |
| 0.76 | CRM | Salesforce | PairCorr |
| 0.68 | T | ATT Inc Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.71 | GILD | Gilead Sciences | PairCorr |
| 0.79 | GE | GE Aerospace Fiscal Year End 28th of January 2025 | PairCorr |
| 0.68 | MCD | McDonalds Earnings Call Tomorrow | PairCorr |
| 0.79 | AUR | Aurora Innovation | PairCorr |
| 0.76 | BAP | Credicorp | PairCorr |
| 0.79 | KIM-PL | Kimco Realty | PairCorr |
| 0.75 | TY | Tri Continental Closed | PairCorr |
| 0.77 | URI | United Rentals Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.86 | SPOT | Spotify Technology | PairCorr |
| 0.78 | IBM | International Business Fiscal Year End 22nd of January 2025 | PairCorr |
| 0.8 | META | Meta Platforms Earnings Call This Week | PairCorr |
| 0.79 | TRMB | Trimble | PairCorr |
Moving against Bukit Pink Sheet
| 0.41 | VWAGY | Volkswagen AG 110 Earnings Call This Week | PairCorr |
| 0.36 | VLKAF | Volkswagen AG Earnings Call This Week | PairCorr |
| 0.35 | VLKPF | Volkswagen AG VZO Earnings Call Shortly | PairCorr |
| 0.31 | VWAPY | Volkswagen AG Pref Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.44 | 0.07 | -0.29 | -0.73 | -0.09 | 0.0 | HCM | ||
| 0.44 | 0.1 | 0.1 | -0.28 | -0.08 | 0.0 | SSY | ||
| 0.07 | 0.1 | 0.44 | 0.0 | 0.62 | 0.0 | RGEN | ||
| -0.29 | 0.1 | 0.44 | 0.48 | 0.78 | 0.0 | UTI | ||
| -0.73 | -0.28 | 0.0 | 0.48 | 0.19 | 0.0 | AMGN | ||
| -0.09 | -0.08 | 0.62 | 0.78 | 0.19 | 0.0 | CPIX | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | OMHE | ||
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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 Bukit Pink Sheet performing well and Bukit Asam 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 Bukit Asam'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HCM | 2.63 | 0.20 | 0.06 | 0.28 | 2.76 | 5.32 | 18.20 | |||
| SSY | 2.80 | 0.31 | 0.08 | 3.59 | 2.53 | 8.75 | 19.44 | |||
| RGEN | 2.36 | (0.01) | 0.00 | 0.06 | 2.72 | 4.25 | 25.63 | |||
| UTI | 1.61 | (0.28) | 0.00 | (0.10) | 0.00 | 3.24 | 8.60 | |||
| AMGN | 0.96 | (0.15) | 0.00 | (0.07) | 0.00 | 1.99 | 9.36 | |||
| CPIX | 1.79 | (0.29) | 0.00 | (11.31) | 0.00 | 4.07 | 11.57 | |||
| OMHE | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bukit Asam 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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Bukit Asam Corporate Management
| Suherman | Corporate Secretary | Profile | |
| Farida Thamrin | Director Director | Profile | |
| Rafli Yandra | Director Director | Profile | |
| Gifnil Imran | Sr Marketing | Profile | |
| Muhamad Bagir | Head Unit | Profile | |
| Suhedi | Director Director | Profile | |
| Arsal Ismail | Pres Director | Profile |