Amines Plasticizers Correlations

AMNPLST Stock

248.30 3.35 1.33%

The current 90-days correlation between Amines Plasticizers and Synergy Green Industries is 0.12 (i.e., Average diversification). The correlation of Amines Plasticizers is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

Amines Plasticizers Correlation With Market

Significant diversification

The correlation between Amines Plasticizers Limited and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amines Plasticizers Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Amines Plasticizers could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amines Plasticizers 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 Amines Plasticizers - 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 Amines Plasticizers Limited to buy it.

Moving together with Amines Stock

0.9	TATACHEM	Tata Chemicals	Pair Corr
0.82	DEEPAKFERT	Deepak Fertilizers and	Pair Corr
0.69	SBIN	State Bank	Pair Corr
0.83	LICI	Life InsuranceOf	Pair Corr
0.61	HDFCBANK	HDFC Bank Limited Earnings Call This Week	Pair Corr
0.7	BANKBARODA	Bank of Baroda	Pair Corr
0.84	GLAXO	GlaxoSmithKline Pharmaceuticals	Pair Corr
0.74	METALIETF	METALIETF	Pair Corr
0.88	BAJFINANCE	Bajaj Finance Limited Split	Pair Corr
0.83	RAMASTEEL	Rama Steel Tubes	Pair Corr
0.86	DLF	DLF Limited	Pair Corr
0.9	ALPHAGEO	Alphageo Limited	Pair Corr
0.87	EDELWEISS	Edelweiss Financial	Pair Corr

Moving against Amines Stock

0.64

FLUOROCHEM

Gujarat Fluorochemicals

Pair Corr

Related Correlations Analysis

	FLUOROCHEM	TATACHEM	DEEPAKFERT	GVPTECH	INDOBORAX	KINGFA	ALKALI	GRAVITA	SGIL	KNRCON
FLUOROCHEM		-0.66	-0.72	-0.37	-0.7	-0.28	-0.41	0.65	-0.6	0.59	FLUOROCHEM
TATACHEM	-0.66		0.93	0.45	0.8	0.49	0.83	-0.11	0.73	-0.29	TATACHEM
DEEPAKFERT	-0.72	0.93		0.53	0.88	0.58	0.78	-0.09	0.77	-0.32	DEEPAKFERT
GVPTECH	-0.37	0.45	0.53		0.63	0.56	0.36	0.05	0.22	0.19	GVPTECH
INDOBORAX	-0.7	0.8	0.88	0.63		0.6	0.59	-0.08	0.72	-0.22	INDOBORAX
KINGFA	-0.28	0.49	0.58	0.56	0.6		0.56	0.32	0.28	0.01	KINGFA
ALKALI	-0.41	0.83	0.78	0.36	0.59	0.56		0.12	0.52	-0.17	ALKALI
GRAVITA	0.65	-0.11	-0.09	0.05	-0.08	0.32	0.12		-0.18	0.61	GRAVITA
SGIL	-0.6	0.73	0.77	0.22	0.72	0.28	0.52	-0.18		-0.45	SGIL
KNRCON	0.59	-0.29	-0.32	0.19	-0.22	0.01	-0.17	0.61	-0.45		KNRCON
	FLUOROCHEM	TATACHEM	DEEPAKFERT	GVPTECH	INDOBORAX	KINGFA	ALKALI	GRAVITA	SGIL	KNRCON

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Correlation Matchups

Over a given time period, the two securities move together 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

DEEPAKFERT	+ 0.93	TATACHEM
INDOBORAX	+ 0.88	DEEPAKFERT
ALKALI	+ 0.83	TATACHEM
INDOBORAX	+ 0.8	TATACHEM
ALKALI	+ 0.78	DEEPAKFERT
SGIL	+ 0.77	DEEPAKFERT

High negative correlations

DEEPAKFERT	- 0.72	FLUOROCHEM
INDOBORAX	- 0.7	FLUOROCHEM
TATACHEM	- 0.66	FLUOROCHEM
SGIL	- 0.6	FLUOROCHEM
KNRCON	- 0.45	SGIL
ALKALI	- 0.41	FLUOROCHEM

Risk-Adjusted Indicators

There is a big difference between Amines Stock performing well and Amines Plasticizers Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Amines Plasticizers' multiple risk-adjusted performance indicators across the competitive landscape. 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	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
FLUOROCHEM	1.19	(0.19)	0.00	(3.71)	0.00	0.00	2.07	(3.72)	10.13
TATACHEM	1.09	0.20	(0.02)	20.19	1.35	(1.14)	2.56	(2.32)	6.91
DEEPAKFERT	1.83	0.42	0.16	1.23	1.47	(2.39)	4.71	(2.50)	12.83
GVPTECH	2.12	0.13	(0.04)	(3.31)	2.64	(2.25)	5.71	(4.72)	15.95
INDOBORAX	1.64	0.39	0.09	7.75	1.46	(1.88)	4.26	(2.83)	9.91
KINGFA	1.76	0.25	0.00	(5.91)	1.83	(2.01)	4.19	(3.28)	11.44
ALKALI	2.04	0.27	0.01	(4.12)	2.00	(2.41)	4.38	(3.81)	23.81
GRAVITA	2.16	0.15	(0.06)	(0.36)	2.24	(2.74)	5.05	(3.49)	20.86
SGIL	2.13	0.45	0.07	(2.71)	2.53	(2.25)	5.31	(3.67)	13.81
KNRCON	1.56	(0.06)	0.00	(0.16)	0.00	0.00	3.53	(4.12)	10.60

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Our tools can tell you how much better you can do entering a position in Amines Plasticizers without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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