Bank Rakyat Correlations

BKRKY
 Stock
  

USD 15.42  0.02  0.13%   

The correlation of Bank Rakyat 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 Bank Rakyat moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Rakyat 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.
Continue to Trending Equities.
  
The ability to find closely correlated positions to Bank Rakyat could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Bank Rakyat 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 Bank Rakyat - 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 Bank Rakyat to buy it.

Moving together with Bank Rakyat

+0.62PBCRYBank Central AsiaPairCorr

Related Correlations

ARW
RXLSF
HPQ
ANET
LNVGY
ARW
0.840.970.90.85
ARW
RXLSF
0.840.830.780.76
RXLSF
HPQ
0.970.830.890.86
HPQ
ANET
0.90.780.890.83
ANET
LNVGY
0.850.760.860.83
LNVGY
ARW
RXLSF
HPQ
ANET
LNVGY
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio

Correlation Matchups

The Correlation Coefficient is a useful tool to identify correlated or non-correlated securities, which is essential in developing a diversified portfolio. It tells us the relationship between two positions you have in your portfolio or considering acquiring. Over a given time period, the two securities movetogether 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   
HPQARW
ANETARW
ANETHPQ
LNVGYHPQ
LNVGYARW
RXLSFARW
  

Risk-Adjusted Indicators

Nowadays, there is a big difference between BKRKY Pink Sheet performing well and Bank Rakyat company doing well compared to the competition. There are way too many exceptions to the normal that investors can tell for sure what's good or bad unless they analyze Bank Rakyat's multiple risk-adjusted performance indicators. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

The entity Bank Rakyat with a symbol BKRKY was recently relisted or delisted. You can potentially use Bank Rakyat with a symbol BKRKY. Please make sure the ticker renaming or change in the classification of Bank Rakyat is not a temporary action by the exchange.

Bank Rakyat Corporate Directors

Bank Rakyat corporate directors refer to members of a Bank Rakyat board of directors. The board of directors generally takes responsibility for the Bank Rakyat'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 Bank Rakyat's board members must vote for the resolution. The Bank Rakyat board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Sophia Alizsa - Director of Human CapitalProfile
Zulhelfi Abidin - Head of Information System and Technology Division and DirectorProfile
Susy Liestiowaty - DirectorProfile
Sis Wijayanto - DirectorProfile

Invested in Bank Rakyat?

The danger of trading Bank Rakyat 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 Bank Rakyat 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 Bank Rakyat. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank Rakyat 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.
Continue to Trending Equities. You can also try Transaction History module to view history of all your transactions and understand their impact on performance.

Complementary Tools for analysis

When running Bank Rakyat price analysis, check to measure Bank Rakyat'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 Bank Rakyat is operating at the current time. Most of Bank Rakyat's value examination focuses on studying past and present price action to predict the probability of Bank Rakyat's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bank Rakyat's price. Additionally, you may evaluate how the addition of Bank Rakyat to your portfolios can decrease your overall portfolio volatility.
Pattern Recognition
Use different Pattern Recognition models to time the market across multiple global exchanges
Go
Cryptocurrency Center
Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency
Go
CEO Directory
Screen CEOs from public companies around the world
Go
Money Flow Index
Determine momentum by analyzing Money Flow Index and other technical indicators
Go
Idea Breakdown
Analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes
Go
Analyst Recommendations
Analyst recommendations and target price estimates broken down by several categories
Go
Positions Ratings
Determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance
Go
Global Markets Map
Get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes
Go
Please note, there is a significant difference between Bank Rakyat's value and its price as these two are different measures arrived at by different means. Investors typically determine Bank Rakyat value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank Rakyat's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.