Indah Prakasa Correlations
| INPS Stock | IDR 128.00 2.00 1.54% |
The correlation of Indah Prakasa 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 Indah Prakasa moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Indah Prakasa Sentosa 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.
Good diversification
The correlation between Indah Prakasa Sentosa and NYA is -0.08 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Indah Prakasa Sentosa and NYA in the same portfolio, assuming nothing else is changed.
Indah |
The ability to find closely correlated positions to Indah Prakasa could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Indah Prakasa 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 Indah Prakasa - 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 Indah Prakasa Sentosa to buy it.
Moving together with Indah Stock
| 0.84 | BYAN | Bayan Resources Tbk | PairCorr |
| 0.9 | ARTO | Bank Artos Indonesia | PairCorr |
| 0.92 | UNVR | Unilever Indonesia Tbk | PairCorr |
Moving against Indah Stock
| 0.66 | TPIA | Chandra Asri Petroch | PairCorr |
| 0.59 | BMRI | Bank Mandiri Persero | PairCorr |
| 0.49 | BBCA | Bank Central Asia | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Indah Stock performing well and Indah Prakasa 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 Indah Prakasa'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BBCA | 1.12 | 0.06 | (0.01) | (0.51) | 1.27 | 2.88 | 7.04 | |||
| BBRI | 1.48 | (0.22) | 0.00 | 0.86 | 0.00 | 2.99 | 9.52 | |||
| BYAN | 0.56 | (0.06) | 0.00 | 5.31 | 0.00 | 1.18 | 5.47 | |||
| BMRI | 1.30 | 0.05 | (0.02) | (0.01) | 1.98 | 2.70 | 11.63 | |||
| ASII | 1.32 | (0.05) | 0.00 | 0.26 | 0.00 | 2.49 | 7.82 | |||
| TPIA | 3.63 | 1.42 | 0.24 | (1.43) | 4.23 | 11.66 | 44.53 | |||
| BBNI | 1.26 | (0.15) | 0.00 | (4.17) | 0.00 | 2.39 | 11.48 | |||
| UNVR | 1.98 | (0.43) | 0.00 | (0.64) | 0.00 | 3.05 | 12.96 | |||
| AMRT | 1.16 | 0.14 | 0.03 | (0.43) | 1.46 | 2.86 | 9.70 | |||
| HMSP | 0.98 | (0.08) | 0.00 | (0.79) | 0.00 | 1.80 | 7.96 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Indah Prakasa 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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| All Next | Launch Module |
Indah Prakasa Corporate Management
Elected by the shareholders, the Indah Prakasa's board of directors comprises two types of representatives: Indah Prakasa inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Indah. The board's role is to monitor Indah Prakasa's management team and ensure that shareholders' interests are well served. Indah Prakasa's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Indah Prakasa's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Suharto Ak | Head Unit | Profile | |
| Lies Winata | President Commissioner | Profile | |
| Jerry Erfansyah | Corporate Secretary | Profile | |
| Eddy Winata | President Director | Profile | |
| Julius Sidharta | Independent Commissioner | Profile | |
| Hadi Tamzil | Independent Director, Business Development Director | Profile | |
| Andreanus Tatang | F Director | Profile |
Already Invested in Indah Prakasa Sentosa?
The danger of trading Indah Prakasa Sentosa 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 Indah Prakasa 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 Indah Prakasa. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Indah Prakasa Sentosa 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 Indah Prakasa Sentosa. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.
Complementary Tools for Indah Stock analysis
When running Indah Prakasa's price analysis, check to measure Indah Prakasa'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 Indah Prakasa is operating at the current time. Most of Indah Prakasa's value examination focuses on studying past and present price action to predict the probability of Indah Prakasa's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indah Prakasa's price. Additionally, you may evaluate how the addition of Indah Prakasa to your portfolios can decrease your overall portfolio volatility.
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