Correlation Between PT Bank and Temas Resources
Can any of the company-specific risk be diversified away by investing in both PT Bank and Temas Resources at the same time? Although using a correlation coefficient on its own may not help to predict future stock returns, this module helps to understand the diversifiable risk of combining PT Bank and Temas Resources into the same portfolio, which is an essential part of the fundamental portfolio management process.
By analyzing existing cross correlation between PT Bank Central and Temas Resources Corp, you can compare the effects of market volatilities on PT Bank and Temas Resources and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in PT Bank with a short position of Temas Resources. Check out your portfolio center. Please also check ongoing floating volatility patterns of PT Bank and Temas Resources.
Diversification Opportunities for PT Bank and Temas Resources
-0.47 | Correlation Coefficient |
Very good diversification
The 3 months correlation between PBCRF and Temas is -0.47. Overlapping area represents the amount of risk that can be diversified away by holding PT Bank Central and Temas Resources Corp in the same portfolio, assuming nothing else is changed. The correlation between historical prices or returns on Temas Resources Corp and PT Bank is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on PT Bank Central are associated (or correlated) with Temas Resources. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Temas Resources Corp has no effect on the direction of PT Bank i.e., PT Bank and Temas Resources go up and down completely randomly.
Pair Corralation between PT Bank and Temas Resources
Assuming the 90 days horizon PT Bank Central is expected to generate 0.38 times more return on investment than Temas Resources. However, PT Bank Central is 2.66 times less risky than Temas Resources. It trades about 0.05 of its potential returns per unit of risk. Temas Resources Corp is currently generating about 0.0 per unit of risk. If you would invest 51.00 in PT Bank Central on September 1, 2025 and sell it today you would earn a total of 4.00 from holding PT Bank Central or generate 7.84% return on investment over 90 days.
| Time Period | 3 Months [change] |
| Direction | Moves Against |
| Strength | Very Weak |
| Accuracy | 100.0% |
| Values | Daily Returns |
PT Bank Central vs. Temas Resources Corp
Performance |
| Timeline |
| PT Bank Central |
| Temas Resources Corp |
PT Bank and Temas Resources Volatility Contrast
Predicted Return Density |
| Returns |
Pair Trading with PT Bank and Temas Resources
The main advantage of trading using opposite PT Bank and Temas Resources positions is that it hedges away some unsystematic risk. Because of two separate transactions, even if PT Bank position performs unexpectedly, Temas Resources can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Temas Resources will offset losses from the drop in Temas Resources' long position.| PT Bank vs. Espey Mfg Electronics | PT Bank vs. Knight Transportation | PT Bank vs. ANTA Sports Products | PT Bank vs. American Transportation Holdings |
| Temas Resources vs. Interplay Entertainment Corp | Temas Resources vs. Travel Leisure Co | Temas Resources vs. Amer Sports, | Temas Resources vs. Playtika Holding Corp |
Check out your portfolio center.Note that this page's information should be used as a complementary analysis to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stocks Directory module to find actively traded stocks across global markets.
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