PT Bank Correlations
| BYRA Stock | 0.18 0.01 5.88% |
The current 90-days correlation between PT Bank Rakyat and Focus Home Interactive is 0.02 (i.e., Significant diversification).PT Bank's correlation with commodity prices, currency pairs, or macro factors can surface hidden portfolio risks that are not visible in a simple equity-versus-equity analysis.
PT Bank Market Correlation
Weak diversification
Across the chosen horizon, BYRA and DJI show a correlation of 0.33 and fall into the Weak diversification bucket. The cleaner interpretation is to review correlation beside volatility, expected return, and the role each holding plays in the portfolio.
BYRA |
The correlation view summarizes how PT Bank aligns with comparable exposures. Wash sale rules may restrict substantially identical replacements in some jurisdictions; this view is informational only.
Moving together with BYRA Stock
Related Correlations Analysis
| 0.0 | 0.09 | 0.34 | 0.6 | 0.31 | 0.14 | 1QK | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | GOKA | ||
| 0.09 | 0.0 | 0.46 | -0.14 | -0.09 | -0.58 | 4MI | ||
| 0.34 | 0.0 | 0.46 | -0.1 | -0.24 | -0.49 | DF0 | ||
| 0.6 | 0.0 | -0.14 | -0.1 | 0.86 | 0.54 | A4XA | ||
| 0.31 | 0.0 | -0.09 | -0.24 | 0.86 | 0.47 | 4IV | ||
| 0.14 | 0.0 | -0.58 | -0.49 | 0.54 | 0.47 | 0HF | ||
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
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Risk-Adjusted Indicators
Strong stock returns do not always mean PT Bank Company is outperforming its peers on a fundamental level. 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| 1QK | 0.32 | -0.04 | 0.00 | -0.36 | 0.00 | 0.89 | 3.93 | |||
| GOKA | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| 4MI | 1.46 | 0.00 | 0.00 | -0.06 | 0.00 | 3.36 | 10.35 | |||
| DF0 | 1.47 | 0.03 | 0.03 | -0.21 | 2.01 | 4.12 | 16.05 | |||
| A4XA | 1.32 | -0.18 | 0.00 | 1.20 | 0.00 | 2.30 | 7.75 | |||
| 4IV | 1.20 | -0.11 | 0.00 | 0.45 | 0.00 | 2.59 | 9.37 | |||
| 0HF | 2.51 | -0.09 | 0.00 | -0.30 | 0.00 | 6.61 | 16.02 |
Be your own money manager
Serious investors usually evaluate PT Bank Rakyat in portfolio context because a good security can still be a weak addition if it increases concentration or unnecessary volatility. The better process compares expected return, volatility, and correlation before the position is increased or introduced.
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