PT Barito Correlations
OB8 Stock | EUR 0.05 0.0005 1.06% |
The correlation of PT Barito 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 PT Barito moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Barito Pacific 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 PT Barito Pacific and NYA is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Barito Pacific and NYA in the same portfolio, assuming nothing else is changed.
OB8 |
The ability to find closely correlated positions to PT Barito could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PT Barito 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 PT Barito - 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 PT Barito Pacific to buy it.
Moving against OB8 Stock
0.51 | DBPE | Xtrackers LevDAX | PairCorr |
0.49 | BAS | BASF SE | PairCorr |
0.49 | BAS | BASF SE | PairCorr |
0.49 | KB9 | KBC Ancora SCA | PairCorr |
0.48 | AILA | AIR LIQUIDE ADR | PairCorr |
0.48 | 2OY | Dow Inc Earnings Call This Week | PairCorr |
0.47 | AP3 | Air Products | PairCorr |
0.46 | AIL | Air Liquide SA | PairCorr |
0.45 | SVM | Sovereign Metals | PairCorr |
0.43 | BASA | BASF SE | PairCorr |
Related Correlations Analysis
Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between OB8 Stock performing well and PT Barito 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 PT Barito'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 PT Barito 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?
Run Risk-Return Analysis Now
Risk-Return AnalysisView associations between returns expected from investment and the risk you assume |
All Next | Launch Module |
PT Barito Corporate Management
Elected by the shareholders, the PT Barito's board of directors comprises two types of representatives: PT Barito inside directors who are chosen from within the company, and outside directors, selected externally and held independent of OB8. The board's role is to monitor PT Barito's management team and ensure that shareholders' interests are well served. PT Barito'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, PT Barito's outside directors are responsible for providing unbiased perspectives on the board's policies.
David Kosasih | F Director | Profile | |
Diana Arsiyanti | Director Sec | Profile | |
Yan Hardy | Head Audit | Profile | |
Agus Pangestu | Pres Director | Profile |
Already Invested in PT Barito Pacific?
The danger of trading PT Barito Pacific 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 PT Barito 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 PT Barito. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PT Barito Pacific 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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in PT Barito Pacific. 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 Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.
Complementary Tools for OB8 Stock analysis
When running PT Barito's price analysis, check to measure PT Barito'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 PT Barito is operating at the current time. Most of PT Barito's value examination focuses on studying past and present price action to predict the probability of PT Barito's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PT Barito's price. Additionally, you may evaluate how the addition of PT Barito to your portfolios can decrease your overall portfolio volatility.
Risk-Return Analysis View associations between returns expected from investment and the risk you assume | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Portfolio Volatility Check portfolio volatility and analyze historical return density to properly model market risk | |
Odds Of Bankruptcy Get analysis of equity chance of financial distress in the next 2 years | |
Commodity Directory Find actively traded commodities issued by global exchanges | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Equity Valuation Check real value of public entities based on technical and fundamental data | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. |