Anjani Portland Correlations
| APCL Stock | 152.30 0.52 0.34% |
The current 90-days correlation between Anjani Portland Cement and NMDC Limited is 0.01 (i.e., Significant diversification). The correlation of Anjani Portland 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.
Anjani Portland Correlation With Market
Very good diversification
The correlation between Anjani Portland Cement and DJI is -0.23 (i.e., Very good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Anjani Portland Cement and DJI in the same portfolio, assuming nothing else is changed.
Anjani |
The ability to find closely correlated positions to Anjani Portland could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Anjani Portland 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 Anjani Portland - 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 Anjani Portland Cement to buy it.
Moving together with Anjani Stock
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Moving against Anjani Stock
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Anjani Stock performing well and Anjani Portland 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 Anjani Portland's 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NMDC | 1.29 | 0.07 | (0.02) | 0.68 | 1.63 | 2.39 | 8.82 | |||
| SAIL | 1.33 | 0.25 | 0.09 | 3.07 | 1.19 | 3.27 | 10.86 | |||
| EMBASSY-RR | 0.69 | 0.09 | (0.04) | 2.10 | 0.80 | 1.81 | 4.68 | |||
| JAIBALAJI | 2.15 | (0.17) | 0.00 | (0.30) | 0.00 | 5.05 | 19.54 | |||
| GNFC | 1.28 | 0.12 | (0.01) | (9.26) | 1.36 | 2.89 | 8.69 | |||
| INDIAGLYCO | 1.78 | 0.41 | 0.23 | 0.83 | 1.26 | 5.90 | 14.45 | |||
| GUJALKALI | 1.44 | (0.17) | 0.00 | (0.47) | 0.00 | 3.05 | 9.53 | |||
| IMFA | 1.68 | 0.36 | 0.09 | (3.19) | 1.79 | 4.87 | 11.63 | |||
| MAITHANALL | 1.76 | 0.42 | 0.13 | (1.06) | 1.47 | 4.85 | 14.38 |
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Anjani Portland Corporate Management
Elected by the shareholders, the Anjani Portland's board of directors comprises two types of representatives: Anjani Portland inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Anjani. The board's role is to monitor Anjani Portland's management team and ensure that shareholders' interests are well served. Anjani Portland's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Anjani Portland's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Subhanarayan Muduli | Company Officer | Profile | |
| R Ramanjaneyulu | Chief Officer | Profile | |
| Narayana Rao | Senior Marketing | Profile | |
| Satyanarayana Raju | Senior Resources | Profile | |
| Rajesh Dhoot | Chief Officer | Profile |