PT Astra Correlations

PTAIF
 Stock
  

USD 0.40  0.01  2.56%   

The correlation of PT Astra 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 PT Astra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if PT Astra International 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 PT Astra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace PT Astra 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 PT Astra - 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 PT Astra International to buy it.

Moving against PT Astra

-0.85ALSNAllison TransmissionPairCorr
-0.84IGTInternational GamePairCorr
-0.81CPRTCopart IncPairCorr
-0.81MLRMiller IndustriesPairCorr
-0.8ETDEthan Allen InteriorsPairCorr
-0.79PLOWDouglas DynamicsPairCorr
-0.77CASYCaseys General StoresPairCorr
-0.75LKQLKQ CorporationPairCorr
-0.72OIO-I GlassPairCorr
-0.71GEFGreif Bros Fiscal Year End 14th of December 2022 PairCorr
-0.66PATKPatrick IndustriesPairCorr
-0.6CNNECannae HoldingsPairCorr
-0.58AMWDAmerican WoodmarkPairCorr
-0.55BLBDBlue Bird Corp Fiscal Year End 21st of December 2022 PairCorr
-0.54KBALKimball InternationalPairCorr
-0.51CVGICommercial VehiclePairCorr

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   
CASYALSN
BLBDAMWD
CASYLKQ
ALSNLKQ
CNNEBLBD
CNNECASY
  
High negative correlations   
CCKALSN
CBDALSN
CCKCASY
CBDAMWD
CCKLKQ
CBDCASY

PT Astra Competition Risk-Adjusted Indicators

Nowadays, there is a big difference between PTAIF OTC Pink Sheet performing well and PT Astra 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 PT Astra'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.
Mean
Deviation
Jensen
Alpha
Sortino
Ratio
Treynor
Ratio
Semi
Deviation
Information
Ratio
Expected
Shortfall
Potential
Upside
Value
At Risk
Maximum
Drawdown
LKQ 1.49 (0.03) (0.01)  0.07  1.87 (0.0147) (1.52)  3.41 (2.65)  9.47 
MNRO 1.61 (0.04) (0.03)  0.04  2.34 (0.0283) (1.70)  3.16 (3.61)  12.17 
ALSN 1.40  0.25  0.15  0.39  1.35  0.13 (1.64)  3.38 (2.43)  8.27 
AMWD 2.52 (0.04)  0.01  0.07  2.74  0.0052 (2.80)  4.61 (4.25)  13.40 
BLBD 3.09  0.00  0.01  0.09  3.81  0.0093 (3.14)  6.88 (5.67)  19.63 
CASY 1.30  0.09  0.03  0.25  1.27  0.0291 (1.48)  2.81 (1.98)  7.12 
CBD 3.21 (0.12)  0.00 (0.19)  0.00 (0.0428)  0.00  7.12 (6.55)  17.96 
CCK 2.16 (0.16)  0.00 (0.06)  0.00 (0.0475)  0.00  3.33 (3.84)  20.55 
CNNE 2.22  0.00  0.02  0.10  2.54  0.0173 (2.44)  4.83 (4.81)  17.35 

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

PT Astra Corporate Directors

PT Astra corporate directors refer to members of a PT Astra board of directors. The board of directors generally takes responsibility for the PT Astra'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 PT Astra's board members must vote for the resolution. The PT Astra board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

Invested in PT Astra International?

The danger of trading PT Astra International 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 PT Astra 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 PT Astra. The Shape ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile PT Astra International 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

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