Astral Correlations

ASTRAL Stock   1,507  1.80  0.12%   
The current 90-days correlation between Astral Limited and LT Foods Limited is 0.1 (i.e., Average diversification). The correlation of Astral 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.

Astral Correlation With Market

Good diversification

The correlation between Astral Limited and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Astral Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Astral could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Astral 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 Astral - 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 Astral Limited to buy it.

Moving together with Astral Stock

  0.62SBIN State BankPairCorr
  0.87LICI Life InsurancePairCorr
  0.68KANORICHEM Kanoria ChemicalsPairCorr
  0.62AMRUTANJAN Amrutanjan Health CarePairCorr
  0.63LLOYDSENT Lloyds EnterprisesPairCorr
  0.72ELECTCAST Electrosteel CastingsPairCorr
  0.7HONAUT Honeywell AutomationPairCorr
  0.74MEGASTAR Megastar FoodsPairCorr
  0.8DYCL Dynamic Cables SplitPairCorr
  0.72FAIRCHEMOR Fairchem OrganicsPairCorr
  0.65EMBASSY-RR Embassy Office ParksPairCorr
  0.7MEDPLUS Medplus Health ServicesPairCorr
  0.78BANKPSU BANKPSUPairCorr
  0.81DEEPAKFERT Deepak Fertilizers andPairCorr
  0.62ICICIGI ICICI Lombard GeneralPairCorr
  0.69SHARDAMOTR Sharda Motor Industries SplitPairCorr
  0.79CIEINDIA CIE Automotive IndiaPairCorr
  0.93DELTAMAGNT Delta ManufacturingPairCorr
  0.86AUTOAXLES Automotive AxlesPairCorr
  0.83SAIL Steel AuthorityPairCorr
  0.79KELLTONTEC Kellton Tech Solutions SplitPairCorr
  0.69INFY Infosys Limited Earnings Call This WeekPairCorr
  0.75NSLNISP NMDC Steel LimitedPairCorr
  0.78STARHEALTH Star HealthPairCorr
  0.88DLF DLF Limited Earnings Call This WeekPairCorr

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   
MOLLTFOODS
FINEORGMOL
FINEORGLTFOODS
RATNAMANILTFOODS
RATNAMANIFINEORG
RATNAMANIMOL
  
High negative correlations   
ANKITMETALSAPPHIRE
ANKITMETALMOL
ANKITMETALLTFOODS
ANKITMETALFINEORG
ANKITMETALTCI

Risk-Adjusted Indicators

There is a big difference between Astral Stock performing well and Astral 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 Astral'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Astral 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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Astral Corporate Management

Elected by the shareholders, the Astral's board of directors comprises two types of representatives: Astral inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Astral. The board's role is to monitor Astral's management team and ensure that shareholders' interests are well served. Astral'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, Astral's outside directors are responsible for providing unbiased perspectives on the board's policies.
Manan BhavsarCompany OfficerProfile
Siddharth JoshiGeneral MarketingProfile
Girish JoshiWhole DirectorProfile
Sandeep EngineerMD ChairmanProfile
Hiranand SavlaniChief OfficerProfile
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