Astra International (Indonesia) Market Value
| ASII Stock | IDR 5,100 75.00 1.45% |
| Symbol | Astra |
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Pair Trading with Astra International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Astra International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Astra International will appreciate offsetting losses from the drop in the long position's value.Moving together with Astra Stock
| 0.63 | BMAS | Bank Maspion Indonesia | PairCorr |
| 0.61 | MPMX | Mitra Pinasthika Mustika Earnings Call This Week | PairCorr |
Moving against Astra Stock
| 0.67 | CTTH | Citatah Tbk | PairCorr |
| 0.46 | BMRI | Bank Mandiri Persero | PairCorr |
The ability to find closely correlated positions to Astra International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astra International 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 Astra International - 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 Astra International Tbk to buy it.
The correlation of Astra International 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 Astra International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Astra International 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.
Correlation analysis and pair trading evaluation for Astra International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.
Complementary Tools for Astra Stock analysis
When running Astra International's price analysis, check to measure Astra International'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 Astra International is operating at the current time. Most of Astra International's value examination focuses on studying past and present price action to predict the probability of Astra International's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Astra International's price. Additionally, you may evaluate how the addition of Astra International to your portfolios can decrease your overall portfolio volatility.
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Astra International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.