PT Astra Correlations
PTAIF Stock | USD 0.32 0.01 3.03% |
The correlation of PT Astra 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 Astra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Astra International 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.
Average diversification
The correlation between PT Astra International and NYA is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding PT Astra International and NYA in the same portfolio, assuming nothing else is changed.
PTAIF |
The ability to find closely correlated positions to PT Astra 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 Astra 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 Astra - 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 Astra International to buy it.
Moving together with PTAIF Pink Sheet
Moving against PTAIF Pink Sheet
0.73 | DNZOF | DENSO | PairCorr |
0.71 | DNZOY | Denso Corp ADR Earnings Call This Week | PairCorr |
0.66 | TRGP | Targa Resources Financial Report 2nd of May 2024 | PairCorr |
0.62 | GE | GE Aerospace Earnings Call This Week | PairCorr |
0.58 | BRK-A | Berkshire Hathaway | PairCorr |
0.54 | DAL | Delta Air Lines Financial Report 11th of July 2024 | PairCorr |
0.51 | UAL | United Airlines Holdings Trending | PairCorr |
Related Correlations Analysis
Please specify at least 3 valid symbols having historical data to build a meaningful correlation cloud. You can use symbol search above to locate your securities.
Be your own money manager
Our tools can tell you how much better you can do entering a position in PT Astra 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 Global Correlations Now
Global CorrelationsFind global opportunities by holding instruments from different markets |
All Next | Launch Module |
PT Astra Corporate Directors
PT Astra corporate directors refer to members of a PT Astra board of directors. The board of directors generally takes responsibility for the PT Astra'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 PT Astra's board members must vote for the resolution. The PT Astra board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.Simon Dixon | Director | Profile | |
Suparno Djasmin | Director | Profile | |
Gidion Hasan | Director | Profile | |
Widya Wiryawan | Director | Profile |
Already Invested in PT Astra International?
The danger of trading PT Astra International 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 Astra 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 Astra. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PT Astra International 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 Astra International. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product. You can also try the Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.
Complementary Tools for PTAIF Pink Sheet analysis
When running PT Astra's price analysis, check to measure PT Astra'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 Astra is operating at the current time. Most of PT Astra's value examination focuses on studying past and present price action to predict the probability of PT Astra'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 Astra's price. Additionally, you may evaluate how the addition of PT Astra to your portfolios can decrease your overall portfolio volatility.
Portfolio Backtesting Avoid under-diversification and over-optimization by backtesting your portfolios | |
Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios | |
Portfolio Suggestion Get suggestions outside of your existing asset allocation including your own model portfolios | |
Sync Your Broker Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors. | |
Bonds Directory Find actively traded corporate debentures issued by US companies | |
Efficient Frontier Plot and analyze your portfolio and positions against risk-return landscape of the market. | |
Global Correlations Find global opportunities by holding instruments from different markets | |
Volatility Analysis Get historical volatility and risk analysis based on latest market data | |
Portfolio Analyzer Portfolio analysis module that provides access to portfolio diagnostics and optimization engine | |
Stock Screener Find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook. | |
Analyst Advice Analyst recommendations and target price estimates broken down by several categories | |
Equity Analysis Research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities |