Bank Mandiri Correlations


USD 13.27  0.05  0.38%   

The correlation of Bank Mandiri 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 Mandiri moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Bank Mandiri Persero 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 Mandiri 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 Mandiri 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 Mandiri - 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 Mandiri Persero to buy it.

Moving together with Bank Mandiri

+0.74ASRVAmeriServ FinancialPairCorr
+0.74BCBPBCB BancorpPairCorr
+0.71CARECarter Bank AndPairCorr
+0.76CCBGCapital City BankPairCorr
+0.78CFGCitizens FinancialPairCorr
+0.79COLBColumbia Banking SystemPairCorr
+0.66CVCYCentral Valley CommunityPairCorr
+0.8EFSCEnterprise FinancialPairCorr
+0.8EQBKEquity BancsharesPairCorr

Moving against Bank Mandiri

-0.7FRCFirst Republic Bank Fiscal Year End 13th of January 2023 PairCorr

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   
High negative correlations   

Bank Mandiri Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between PPERY OTC Pink Sheet performing well and Bank Mandiri 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 Mandiri'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.
At Risk
ABCB 1.30  0.10  0.07  0.21  1.19  0.06 (1.58)  3.38 (2.23)  8.72 
AFBI 0.66 (0.02)  0.00  0.39  0.00 (0.12)  0.00  1.63 (1.79)  4.36 
AMAL 1.43  0.24  0.10  0.68  1.52  0.09 (1.56)  4.15 (2.68)  11.82 
AMNB 1.29  0.20  0.15  0.38  0.94  0.10 (1.64)  3.52 (1.96)  8.41 
AMTB 1.44  0.12  0.07  0.24  1.33  0.06 (1.70)  3.88 (2.39)  11.02 
AROW 1.36  0.13  0.07  0.26  1.25  0.06 (1.60)  3.62 (2.28)  8.95 
ASB 1.52  0.22  0.13  0.32  1.47  0.11 (1.69)  3.40 (3.02)  10.59 
ASRV 0.81  0.09  0.00  0.81  0.77  0.0006 (1.10)  1.75 (1.34)  5.71 
ATLO 0.46  0.10  0.03  0.71  0.38  0.0235 (0.55)  1.48 (0.99)  5.04 
AUB 1.57  0.09  0.06  0.17  1.60  0.0474 (1.87)  3.45 (2.49)  10.04 

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

Bank Mandiri Corporate Directors

Bank Mandiri corporate directors refer to members of a Bank Mandiri board of directors. The board of directors generally takes responsibility for the Bank Mandiri'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 Mandiri's board members must vote for the resolution. The Bank Mandiri board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Kartika Wirjoatmodjo - CFO, Director of Fin. and Strategy and DirectorProfile
Pahala Mansury - Director of Treasury and Markets and DirectorProfile
Panji Irawan - Finance DirectorProfile
Agus Handaya - Director of ComplianceProfile

Invested in Bank Mandiri Persero?

The danger of trading Bank Mandiri Persero 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 Mandiri 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 Mandiri. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Bank Mandiri Persero 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.

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