Surya Semesta Correlations

SSIA Stock

IDR 1,065 65.00 6.50%

The current 90-days correlation between Surya Semesta Internusa and PT Indonesia Kendaraan is 0.01 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Surya Semesta moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Surya Semesta Internusa moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Surya Semesta Correlation With Market

Average diversification

The correlation between Surya Semesta Internusa and DJI is 0.14 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Surya Semesta Internusa and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Surya Semesta could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Surya Semesta 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 Surya Semesta - 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 Surya Semesta Internusa to buy it.

Moving together with Surya Stock

0.76	ITMA	Sumber Energi Andalan	Pair Corr
0.83	BSBK	Wulandari Bangun Laksana	Pair Corr
0.76	MDRN	Modern Internasional Tbk	Pair Corr
0.62	URBN	Urban Jakarta Propertindo	Pair Corr

Moving against Surya Stock

0.79	BRMS	Bumi Resources Minerals	Pair Corr
0.56	PGLI	Pembangunan Graha Lestari	Pair Corr

Related Correlations Analysis

	IPCC	TOTO	MPMX	WOOD	MASA	BIPP	MBAP	FOLK	BINA	MBSS
IPCC		0.9	-0.91	0.75	0.0	0.74	-0.9	-0.08	0.61	-0.62	IPCC
TOTO	0.9		-0.85	0.73	0.0	0.61	-0.83	0.01	0.61	-0.68	TOTO
MPMX	-0.91	-0.85		-0.62	0.0	-0.74	0.94	0.21	-0.56	0.52	MPMX
WOOD	0.75	0.73	-0.62		0.0	0.71	-0.67	0.08	0.51	-0.32	WOOD
MASA	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	MASA
BIPP	0.74	0.61	-0.74	0.71	0.0		-0.71	-0.14	0.39	-0.16	BIPP
MBAP	-0.9	-0.83	0.94	-0.67	0.0	-0.71		0.26	-0.5	0.57	MBAP
FOLK	-0.08	0.01	0.21	0.08	0.0	-0.14	0.26		0.15	-0.01	FOLK
BINA	0.61	0.61	-0.56	0.51	0.0	0.39	-0.5	0.15		-0.37	BINA
MBSS	-0.62	-0.68	0.52	-0.32	0.0	-0.16	0.57	-0.01	-0.37		MBSS
	IPCC	TOTO	MPMX	WOOD	MASA	BIPP	MBAP	FOLK	BINA	MBSS

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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

MBAP	+ 0.94	MPMX
TOTO	+ 0.9	IPCC
WOOD	+ 0.75	IPCC
BIPP	+ 0.74	IPCC
WOOD	+ 0.73	TOTO
BIPP	+ 0.71	WOOD

High negative correlations

MPMX	- 0.91	IPCC
MBAP	- 0.9	IPCC
MPMX	- 0.85	TOTO
MBAP	- 0.83	TOTO
BIPP	- 0.74	MPMX
MBAP	- 0.71	BIPP

Risk-Adjusted Indicators

There is a big difference between Surya Stock performing well and Surya Semesta 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 Surya Semesta'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
IPCC	0.96	0.05	0.01	0.16	1.07	(1.26)	2.08	(2.03)	9.70
TOTO	0.78	0.07	0.00	(1.05)	0.90	(1.35)	1.87	(0.91)	7.10
MPMX	0.36	(0.07)	0.00	1.93	0.00	0.00	0.51	(0.97)	1.98
WOOD	2.68	0.44	0.16	0.56	2.29	(3.66)	5.19	(3.89)	25.47
MASA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
BIPP	1.94	0.12	0.02	0.57	2.32	(4.14)	3.70	(6.25)	14.36
MBAP	0.84	(0.28)	0.00	(41.82)	0.00	0.00	1.47	(2.03)	7.48
FOLK	1.69	0.06	(0.01)	(0.02)	2.65	(7.01)	2.00	(5.56)	48.93
BINA	0.46	0.01	(0.05)	(0.16)	0.66	(0.74)	0.99	(0.99)	6.07
MBSS	1.83	0.05	0.00	0.55	1.90	(2.70)	4.57	(3.60)	15.25

Be your own money manager

Our tools can tell you how much better you can do entering a position in Surya Semesta 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.

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