Gudang Garam Correlations
| GGRM Stock | IDR 19,150 375.00 1.92% |
The correlation of Gudang Garam 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 Gudang Garam moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gudang Garam 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.
Significant diversification
The correlation between Gudang Garam Tbk and NYA is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gudang Garam Tbk and NYA in the same portfolio, assuming nothing else is changed.
Gudang |
The ability to find closely correlated positions to Gudang Garam could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gudang Garam 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 Gudang Garam - 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 Gudang Garam Tbk to buy it.
Moving against Gudang Stock
Related Correlations Analysis
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Risk-Adjusted Indicators
There is a big difference between Gudang Stock performing well and Gudang Garam 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 Gudang Garam'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.Be your own money manager
Our tools can tell you how much better you can do entering a position in Gudang Garam 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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Gudang Garam Corporate Directors
Gudang Garam corporate directors refer to members of a Gudang Garam board of directors. The board of directors generally takes responsibility for the Gudang Garam'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 Gudang Garam's board members must vote for the resolution. The Gudang Garam board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Heru Budiman | Director of Treasury and Investor Relations | Profile | |
| Buana Susilo | Director - Manufacturing Technology | Profile | |
| Herry Susianto | Finance Director | Profile | |
| Lengga Nurullah | Director | Profile |
Already Invested in Gudang Garam Tbk?
The danger of trading Gudang Garam 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 Gudang Garam 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 Gudang Garam. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Gudang Garam 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gudang Garam 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 Gudang Stock analysis
When running Gudang Garam's price analysis, check to measure Gudang Garam'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 Gudang Garam is operating at the current time. Most of Gudang Garam's value examination focuses on studying past and present price action to predict the probability of Gudang Garam's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Gudang Garam's price. Additionally, you may evaluate how the addition of Gudang Garam to your portfolios can decrease your overall portfolio volatility.
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