Bank Central Correlations

PBCRY
 Stock
  

USD 13.67  0.22  1.58%   

The correlation of Bank Central 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 Central moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Central Asia 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.
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The ability to find closely correlated positions to Bank Central 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 Central 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 Central - 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 Central Asia to buy it.

Moving together with Bank Central

+0.7HDBHDFC Bank Limited Sell-off TrendPairCorr
+0.73IBNIcici Bank LimitedPairCorr

Related Correlations

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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   
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Risk-Adjusted Indicators

Nowadays, there is a big difference between PBCRY OTC Pink Sheet performing well and Bank Central 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 Central'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 Central Asia with a symbol PBCRY was recently relisted or delisted. You can potentially use Bank Central Asia with a symbol PBCRY. Please make sure the ticker renaming or change in the classification of Bank Central Asia is not a temporary action by the exchange.

Bank Central Corporate Directors

Bank Central corporate directors refer to members of a Bank Central board of directors. The board of directors generally takes responsibility for the Bank Central'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 Central's board members must vote for the resolution. The Bank Central board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ho Tan - Compliance Director, Director, Member of Risk Management Committee and Member of Information Technology Steering CommitteeProfile
Lianawaty Suwono - Director DirectorProfile
Eugene Galbraith - Deputy Pres Director, Member of Risk Management Committee, Member of Asset and Liability Committee, Member of Credit Policy Committee, Member of Commercial Credit Committee and Member of Corporate Credit CommitteeProfile
Inawaty Handoyo - DirectorProfile

Invested in Bank Central Asia?

The danger of trading Bank Central Asia 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 Central 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 Central. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank Central Asia 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.
Please check Your Equity Center. You can also try Fundamentals Comparison module to compare fundamentals across multiple equities to find investing opportunities.

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When running Bank Central Asia price analysis, check to measure Bank Central'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 Central is operating at the current time. Most of Bank Central's value examination focuses on studying past and present price action to predict the probability of Bank Central's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Bank Central's price. Additionally, you may evaluate how the addition of Bank Central to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Bank Central's value and its price as these two are different measures arrived at by different means. Investors typically determine Bank Central value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Bank Central'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.