PT Bank Correlations

BKRKF Stock

USD 0.21 0.00 0.00%

The current 90-days correlation between PT Bank Rakyat and Commencement Bancorp is -0.15 (i.e., Good 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 0.11 (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

0.71	TRNR	Interactive Strength	Pair Corr
0.71	ADTX	Aditxt Inc	Pair Corr
0.72	APVO	Aptevo Therapeutics	Pair Corr

Moving against BKRKF Pink Sheet

0.66	ANET	Arista Networks	Pair Corr
0.63	NEE-PN	Nextera Energy	Pair Corr
0.57	CIHHF	China Merchants Bank	Pair Corr
0.57	FITBP	Fifth Third Bancorp	Pair Corr
0.44	BNPQY	BNP Paribas SA	Pair Corr
0.42	MCHB	Mechanics Bank	Pair Corr
0.64	HD	Home Depot	Pair Corr
0.63	JNJ	Johnson Johnson Sell-off Trend	Pair Corr
0.63	CVX	Chevron Corp	Pair Corr
0.62	JPM	JPMorgan Chase	Pair Corr
0.6	SGIOF	Shionogi	Pair Corr
0.59	HPQ	HP Inc	Pair Corr
0.56	T	ATT Inc	Pair Corr
0.54	GE	GE Aerospace	Pair Corr
0.5	DD	Dupont De Nemours Sell-off Trend	Pair Corr
0.47	MRK	Merck Company	Pair Corr
0.46	VZ	Verizon Communications	Pair Corr
0.42	MCD	McDonalds	Pair Corr
0.41	CSCO	Cisco Systems Sell-off Trend	Pair Corr
0.39	AXP	American Express	Pair Corr
0.34	TRV	The Travelers Companies	Pair Corr

Related Correlations Analysis

	CBWA	SVVB	MNBO	ORBN	PBCO	ORPB	PFLC
CBWA		0.04	-0.4	0.01	-0.07	-0.22	-0.32	CBWA
SVVB	0.04		0.43	-0.35	0.76	0.82	0.77	SVVB
MNBO	-0.4	0.43		-0.32	0.49	0.56	0.65	MNBO
ORBN	0.01	-0.35	-0.32		-0.59	-0.36	-0.35	ORBN
PBCO	-0.07	0.76	0.49	-0.59		0.81	0.76	PBCO
ORPB	-0.22	0.82	0.56	-0.36	0.81		0.79	ORPB
PFLC	-0.32	0.77	0.65	-0.35	0.76	0.79		PFLC
	CBWA	SVVB	MNBO	ORBN	PBCO	ORPB	PFLC

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

ORPB	+ 0.82	SVVB
ORPB	+ 0.81	PBCO
PFLC	+ 0.79	ORPB
PFLC	+ 0.77	SVVB
PBCO	+ 0.76	SVVB
PFLC	+ 0.76	PBCO

High negative correlations

PBCO	- 0.59	ORBN
MNBO	- 0.4	CBWA
ORPB	- 0.36	ORBN
PFLC	- 0.35	ORBN
ORBN	- 0.35	SVVB
ORBN	- 0.32	MNBO

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.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CBWA	0.18	0.03	(0.08)	(0.09)	0.25	(1.00)	0.83	(0.33)	3.23
SVVB	0.42	0.17	0.00	1.34	0.00	0.00	0.62	(0.25)	7.63
MNBO	0.53	(0.06)	0.00	0.05	0.00	0.00	0.00	0.00	25.90
ORBN	0.61	(0.10)	0.00	0.60	0.00	0.00	1.30	(2.13)	5.89
PBCO	0.41	0.14	0.05	1.05	0.00	(1.07)	2.06	(0.68)	5.52
ORPB	0.66	0.29	0.27	2.52	0.00	(1.98)	2.25	(0.47)	6.40
PFLC	0.53	0.06	(0.02)	0.45	0.62	(0.88)	1.24	(1.58)	3.55

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.

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PT Bank Corporate Management

Rustarti Pertiwi	Head Division	Profile
Agus Winardono	Director Director	Profile
Viviana K	Director Director	Profile
Yulianto Setiawan	Head Division	Profile
Amam Sukriyanto	Director Director	Profile
Koes Hariyono	Head Division	Profile

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