I separate Big Caps stocks of JCI into 3 categories : Big Bank (BBCA, BBRI, BMRI and BBNI), Others (ASII and TLKM) and Consumer (INDF, ICBP and UNVR).
During 2022, the graphs is showing that Consumer stocks behave as Defensive Stocks that holds JCI during the bad time while Big Bank and Others lead JCI.
Recent rally of JCI shows that Big Bank and Others (once again) become leading stocks while Consumer become balancing stocks.
During 2022, the graphs is showing that Consumer stocks behave as Defensive Stocks that holds JCI during the bad time while Big Bank and Others lead JCI.
Recent rally of JCI shows that Big Bank and Others (once again) become leading stocks while Consumer become balancing stocks.