Astra International Correlations
| PTAIY Stock | USD 7.26 0.07 0.95% |
The correlation of Astra International 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 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.
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Astra International Tbk. 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. Astra |
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.
Moving together with Astra Pink Sheet
| + | 0.83 | DNZOY | Denso Corp ADR | PairCorr | ||
| + | 0.76 | APTV | Aptiv PLC | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.65 | MGA | Magna International | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| + | 0.82 | PTAIF | PT Astra International | PairCorr | ||
| + | 0.92 | VFSWW | VinFast Auto | PairCorr | ||
| + | 0.91 | VFS | VinFast Auto | Potential Growth | PairCorr |
Moving against Astra Pink Sheet
| - | 0.67 | EC | Ecopetrol SA ADR | Fiscal Quarter End 31st of December 2023 | PairCorr | |
| - | 0.42 | WF | Woori Financial Group | Fiscal Quarter End 31st of December 2023 | PairCorr |
Related Correlations Analysis
GZITF | TFX | SNDA | ASO | ATER | WTI | UG | CACO | ||
GZITF | 0.62 | 0.48 | 0.38 | 0.37 | -0.85 | 0.49 | -0.59 | GZITF | |
TFX | 0.62 | 0.35 | 0.84 | 0.61 | -0.59 | 0.79 | -0.21 | TFX | |
SNDA | 0.48 | 0.35 | 0.13 | -0.11 | -0.63 | 0.25 | -0.16 | SNDA | |
ASO | 0.38 | 0.84 | 0.13 | 0.56 | -0.33 | 0.67 | -0.25 | ASO | |
ATER | 0.37 | 0.61 | -0.11 | 0.56 | -0.23 | 0.68 | -0.05 | ATER | |
WTI | -0.85 | -0.59 | -0.63 | -0.33 | -0.23 | -0.46 | 0.49 | WTI | |
UG | 0.49 | 0.79 | 0.25 | 0.67 | 0.68 | -0.46 | 0.01 | UG | |
CACO | -0.59 | -0.21 | -0.16 | -0.25 | -0.05 | 0.49 | 0.01 | CACO | |
GZITF | TFX | SNDA | ASO | ATER | WTI | UG | CACO |
| 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 Astra Pink Sheet performing well and Astra International 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 Astra International'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| GZITF | 1.04 | 0.52 | 0.00 | (2.54) | 0.00 | 0.12 | 0.00 | 0.00 | 0.00 | 34.88 | |
| TFX | 1.36 | 0.12 | 0.06 | 0.06 | 1.65 | 0.06 | (1.37) | 2.41 | (2.54) | 15.42 | |
| SNDA | 2.72 | 0.25 | 0.07 | 0.73 | 3.21 | 0.06 | (3.34) | 8.99 | (5.77) | 17.25 | |
| ASO | 2.02 | 0.06 | 0.03 | 0.02 | 2.20 | 0.0214 | (2.21) | 4.79 | (3.30) | 10.16 | |
| ATER | 3.36 | (0.11) | 0.00 | (0.05) | 0.00 | (0.0248) | 0.00 | 9.68 | (6.45) | 22.93 | |
| WTI | 2.22 | (0.43) | 0.00 | (0.51) | 0.00 | (0.15) | 0.00 | 4.38 | (4.99) | 14.82 | |
| UG | 2.45 | 0.06 | 0.02 | (0.84) | 2.46 | 0.0137 | (3.30) | 3.90 | (4.31) | 32.46 | |
| CACO | 2.88 | 0.09 | 0.02 | (0.14) | 3.15 | 0.0242 | (4.43) | 7.02 | (6.15) | 20.85 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Astra International 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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Astra International Corporate Directors
Astra International corporate directors refer to members of an Astra International board of directors. The board of directors generally takes responsibility for the Astra International'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 Astra International's board members must vote for the resolution. The Astra International 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 Astra International Tbk?
The danger of trading Astra International Tbk 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 Astra International 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 Astra International. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Astra International Tbk 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 Astra International Tbk. 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 Portfolio File Import module to quickly import all of your third-party portfolios from your local drive in csv format.
Complementary Tools for Astra Pink Sheet 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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