Cantabil Retail Correlations
| CANTABIL | 274.65 1.45 0.53% |
The current 90-days correlation between Cantabil Retail India and Kingfa Science Technology is 0.19 (i.e., Average diversification). The correlation of Cantabil Retail 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.
Cantabil Retail Correlation With Market
Good diversification
The correlation between Cantabil Retail India and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cantabil Retail India and DJI in the same portfolio, assuming nothing else is changed.
Cantabil |
The ability to find closely correlated positions to Cantabil Retail could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cantabil Retail 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 Cantabil Retail - 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 Cantabil Retail India to buy it.
Moving together with Cantabil Stock
| 0.79 | SBIN | State Bank | PairCorr |
| 0.81 | HDFCBANK | HDFC Bank Limited | PairCorr |
| 0.8 | PILANIINVS | Pilani Investment | PairCorr |
| 0.88 | SUNDARMHLD | Sundaram Finance Holdings Earnings Call This Week | PairCorr |
| 0.83 | SBISILVER | SBISILVER | PairCorr |
| 0.89 | QUICKHEAL | Quick Heal Technologies Earnings Call Today | PairCorr |
| 0.87 | LLOYDSENT | Lloyds Enterprises | PairCorr |
| 0.68 | IDBI | IDBI Bank Limited | PairCorr |
| 0.77 | BANKPSU | BANKPSU | PairCorr |
| 0.84 | HEALTHADD | HEALTHADD | PairCorr |
| 0.62 | DLF | DLF Limited Earnings Call Tomorrow | PairCorr |
Moving against Cantabil Stock
| 0.35 | COALINDIA | Coal India Limited Earnings Call This Week | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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
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Risk-Adjusted Indicators
There is a big difference between Cantabil Stock performing well and Cantabil Retail 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 Cantabil Retail'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BHARTIARTL | 0.88 | 0.09 | (0.11) | (2.46) | 1.09 | 1.94 | 5.91 | |||
| SBIN | 0.78 | 0.00 | (0.18) | 0.20 | 0.93 | 1.87 | 5.26 | |||
| ICICIBANK | 0.73 | 0.05 | (0.14) | 0.63 | 0.83 | 1.71 | 6.00 | |||
| GVPTECH | 2.04 | 0.02 | (0.06) | 0.30 | 2.55 | 5.09 | 15.88 | |||
| MANXT50 | 0.70 | 0.08 | (0.14) | (0.74) | 0.93 | 1.40 | 5.60 | |||
| INDIAGLYCO | 1.84 | 0.22 | 0.08 | 0.56 | 1.56 | 5.90 | 15.29 | |||
| INDOBORAX | 1.58 | 0.33 | 0.09 | 2.75 | 1.50 | 4.09 | 8.94 | |||
| KINGFA | 1.73 | 0.24 | 0.02 | 3.67 | 1.78 | 3.79 | 11.44 | |||
| ALKALI | 1.79 | 0.12 | (0.04) | 2.06 | 1.78 | 4.38 | 23.81 | |||
| MOTOGENFIN | 1.72 | (0.19) | (0.08) | 0.02 | 2.16 | 3.90 | 24.76 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cantabil Retail 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.Did you try this?
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Money Flow IndexDetermine momentum by analyzing Money Flow Index and other technical indicators |
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Cantabil Retail Corporate Management
Elected by the shareholders, the Cantabil Retail's board of directors comprises two types of representatives: Cantabil Retail inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cantabil. The board's role is to monitor Cantabil Retail's management team and ensure that shareholders' interests are well served. Cantabil Retail'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, Cantabil Retail's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shivendra FCA | Chief Officer | Profile | |
| Deependra Singh | Head Retail | Profile | |
| Sachin Mohan | Head Sourcing | Profile | |
| Philip Joseph | Head Plant | Profile |