PT Bank Correlations

BKRKF Stock  USD 0.32  0.00  0.00%   
The current 90-days correlation between PT Bank Rakyat and Zions Bancorporation is 0.13 (i.e., Average diversification). The correlation of PT Bank 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 correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

PT Bank Correlation With Market

Average diversification

The correlation between PT Bank Rakyat and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Bank Rakyat and DJI in the same portfolio, assuming nothing else is changed.
The ability to find closely correlated positions to PT Bank 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 Bank 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 Bank - 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 Bank Rakyat to buy it.

Moving together with BKRKF Pink Sheet

  0.64BBDC4 Banco Bradesco SAPairCorr

Moving against BKRKF Pink Sheet

  0.68QCOM Qualcomm Incorporated Fiscal Year End 6th of November 2024 PairCorr
  0.63CIHHF China Merchants Bank TrendingPairCorr
  0.6BBY Best BuyPairCorr
  0.55RILYM Dow Jones ToysPairCorr
  0.51WMT WalmartPairCorr
  0.5USB-PH US Bancorp Earnings Call TodayPairCorr
  0.5PFE Pfizer Inc Aggressive PushPairCorr
  0.5PSFE Paysafe Tech BoostPairCorr
  0.49HNHPF Hon Hai PrecisionPairCorr
  0.47ZETA Zeta Global Holdings Tech BoostPairCorr
  0.45AAPL Apple Inc Financial Report 1st of August 2024 PairCorr
  0.36HDB HDFC Bank Limited Earnings Call This WeekPairCorr
  0.71PG Procter Gamble Financial Report 26th of July 2024 PairCorr
  0.68CRK Comstock Resources Potential GrowthPairCorr
  0.62NVDA NVIDIAPairCorr
  0.61009158BF2 APD 48 03PairCorr
  0.59GAIA Gaia IncPairCorr
  0.56SMLR Semler ScientificPairCorr
  0.5LLY Eli LillyPairCorr
  0.5ENLAY ENEL Societa perPairCorr
  0.47ASML ASML Holding NV Earnings Call TodayPairCorr
  0.47GL Globe Life Earnings Call This WeekPairCorr
  0.45OLED Universal DisplayPairCorr
  0.44GS Goldman Sachs Group Sell-off TrendPairCorr
  0.43GNFT GenfitPairCorr

Related Correlations Analysis

Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Risk-Adjusted Indicators

There is a big difference between BKRKF Pink Sheet performing well and PT Bank 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 Bank'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 Bank 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 CEOs Directory Now


CEOs Directory

Screen CEOs from public companies around the world
All  Next Launch Module

PT Bank Corporate Management

Rustarti PertiwiHead DivisionProfile
Agus WinardonoDirector DirectorProfile
Viviana KDirector DirectorProfile
Yulianto SetiawanHead DivisionProfile
Amam SukriyantoDirector DirectorProfile
Koes HariyonoHead DivisionProfile