Garuda Maintenance Correlations
GMFI Stock | IDR 58.00 3.00 4.92% |
The correlation of Garuda Maintenance 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 Garuda Maintenance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Garuda Maintenance Facility 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.
Very good diversification
The correlation between Garuda Maintenance Facility and NYA is -0.22 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Garuda Maintenance Facility and NYA in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Garuda Maintenance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Garuda Maintenance 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 Garuda Maintenance - 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 Garuda Maintenance Facility to buy it.
Moving together with Garuda Stock
Moving against Garuda Stock
0.79 | INKP | Indah Kiat Pulp | PairCorr |
0.75 | TKIM | Pabrik Kertas Tjiwi Earnings Call Tomorrow | PairCorr |
0.61 | UNTR | United Tractors Tbk | PairCorr |
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Risk-Adjusted Indicators
There is a big difference between Garuda Stock performing well and Garuda Maintenance 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 Garuda Maintenance'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 | ||
---|---|---|---|---|---|---|---|---|---|---|
KIJA | 1.04 | (0.12) | 0.00 | (28.91) | 0.00 | 2.50 | 8.29 | |||
MDLN | 1.24 | (0.32) | 0.00 | 1.01 | 0.00 | 1.92 | 10.82 | |||
MLPL | 1.75 | (0.51) | 0.00 | (10.28) | 0.00 | 3.39 | 13.93 | |||
LTLS | 0.92 | (0.19) | 0.00 | (2.59) | 0.00 | 2.62 | 9.04 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Garuda Maintenance 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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Garuda Maintenance Corporate Directors
Garuda Maintenance corporate directors refer to members of a Garuda Maintenance board of directors. The board of directors generally takes responsibility for the Garuda Maintenance'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 Garuda Maintenance's board members must vote for the resolution. The Garuda Maintenance board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Insan Cahyo | Finance Director | Profile | |
Beni Gunawan | Director | Profile | |
Tazar Kurniawan | Director of Line Operation, Independent Director | Profile | |
Rahmat Hanafi | Director for Base Operation | Profile |
Already Invested in Garuda Maintenance Facility?
The danger of trading Garuda Maintenance Facility 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 Garuda Maintenance 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 Garuda Maintenance. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Garuda Maintenance 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 Garuda Maintenance Facility. 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.
Complementary Tools for Garuda Stock analysis
When running Garuda Maintenance's price analysis, check to measure Garuda Maintenance'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 Garuda Maintenance is operating at the current time. Most of Garuda Maintenance's value examination focuses on studying past and present price action to predict the probability of Garuda Maintenance's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Garuda Maintenance's price. Additionally, you may evaluate how the addition of Garuda Maintenance to your portfolios can decrease your overall portfolio volatility.
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