Bank Rakyat Correlations
| BKRKY Stock | USD 17.58 0.16 0.92% |
The correlation of Bank Rakyat is a statistical measure of how it moves in relation to other equities. 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 Bank Rakyat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Rakyat 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.
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank Rakyat. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. Bank |
The ability to find closely correlated positions to Bank Rakyat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Rakyat 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 Bank Rakyat - 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 Bank Rakyat to buy it.
Moving together with Bank Pink Sheet
| + | 0.77 | HDB | HDFC Bank Limited | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.81 | BNPQY | BNP Paribas SA | PairCorr | ||
| + | 0.73 | BNPQF | BNP Paribas SA | PairCorr | ||
| + | 0.64 | IBN | ICICI Bank Limited | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.69 | VFS | VinFast Auto | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.68 | SHG | Shinhan Financial | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.82 | BAC-PL | Bank Of America | PairCorr |
Moving against Bank Pink Sheet
Related Correlations Analysis
HTZ | WSC | HNFSB | OPI | SNDL | NIPMY | NCRA | ||
HTZ | 0.65 | -0.51 | 0.09 | 0.9 | -0.49 | 0.74 | HTZ | |
WSC | 0.65 | -0.12 | 0.01 | 0.61 | -0.19 | 0.3 | WSC | |
HNFSB | -0.51 | -0.12 | 0.57 | -0.41 | 0.15 | -0.44 | HNFSB | |
OPI | 0.09 | 0.01 | 0.57 | 0.09 | -0.26 | 0.0 | OPI | |
SNDL | 0.9 | 0.61 | -0.41 | 0.09 | -0.33 | 0.77 | SNDL | |
NIPMY | -0.49 | -0.19 | 0.15 | -0.26 | -0.33 | -0.23 | NIPMY | |
NCRA | 0.74 | 0.3 | -0.44 | 0.0 | 0.77 | -0.23 | NCRA | |
HTZ | WSC | HNFSB | OPI | SNDL | NIPMY | NCRA |
| 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 |
Risk-Adjusted Indicators
There is a big difference between Bank Pink Sheet performing well and Bank Rakyat 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 Bank Rakyat'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 | Information Ratio | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| HTZ | 2.82 | (0.84) | 0.00 | (0.26) | 0.00 | (0.21) | 0.00 | 4.74 | (6.71) | 16.56 | |
| WSC | 1.49 | (0.04) | 0.00 | (0.02) | 0.00 | (0.02) | 0.00 | 3.19 | (2.44) | 11.18 | |
| HNFSB | 0.56 | 0.26 | 0.00 | 0.27 | 0.00 | 0.12 | 0.00 | 0.00 | 0.00 | 18.69 | |
| OPI | 3.17 | 0.11 | 0.04 | 0.04 | 3.34 | 0.04 | (4.06) | 8.73 | (5.57) | 18.32 | |
| SNDL | 3.17 | (0.33) | 0.00 | (0.12) | 0.00 | (0.08) | 0.00 | 6.67 | (6.05) | 19.69 | |
| NIPMY | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | (3.08) | 0.00 | 0.00 | 0.00 | 0.07 | |
| NCRA | 2.65 | (0.10) | 0.00 | 0.48 | 0.00 | (0.03) | 0.00 | 6.94 | (4.88) | 29.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Bank Rakyat 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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Positions RatingsDetermine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance |
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Bank Rakyat Corporate Directors
Bank Rakyat corporate directors refer to members of a Bank Rakyat board of directors. The board of directors generally takes responsibility for the Bank Rakyat's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Bank Rakyat's board members must vote for the resolution. The Bank Rakyat board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Sophia Alizsa | Director of Human Capital | Profile | |
| Zulhelfi Abidin | Head of Information System and Technology Division and Director | Profile | |
| Susy Liestiowaty | Director | Profile | |
| Sis Wijayanto | Director | Profile |
Already Invested in Bank Rakyat?
The danger of trading Bank Rakyat 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 Bank Rakyat 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 Bank Rakyat. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank Rakyat 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in Bank Rakyat. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Bank Pink Sheet analysis
When running Bank Rakyat's price analysis, check to measure Bank Rakyat'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 Bank Rakyat is operating at the current time. Most of Bank Rakyat's value examination focuses on studying past and present price action to predict the probability of Bank Rakyat's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Bank Rakyat's price. Additionally, you may evaluate how the addition of Bank Rakyat to your portfolios can decrease your overall portfolio volatility.
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