Container Correlations

CONCOR Stock

613.25 8.70 1.40%

The current 90-days correlation between Container and Sandhar Technologies Limited is 0.35 (i.e., Weak diversification). The correlation of Container 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.

Container Correlation With Market

Significant diversification

The correlation between Container of and DJI is 0.02 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Container of and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Container Stock

0.61	ASTERDM	Aster DM Healthcare	Pair Corr
0.85	MOIL	MOIL Limited	Pair Corr
0.75	DEEPAKFERT	Deepak Fertilizers and	Pair Corr
0.69	UCOBANK	UCO Bank Earnings Call Tomorrow	Pair Corr
0.81	HONAUT	Honeywell Automation	Pair Corr
0.61	SAKAR	Sakar Healthcare	Pair Corr
0.79	AUTOAXLES	Automotive Axles	Pair Corr
0.71	SHARDAMOTR	Sharda Motor Industries Split	Pair Corr
0.87	BANKPSU	BANKPSU	Pair Corr
0.61	LFIC	Lakshmi Finance Indu	Pair Corr
0.79	KELLTONTEC	Kellton Tech Solutions Split	Pair Corr
0.88	GNFC	Gujarat Narmada Valley	Pair Corr
0.77	MEDPLUS	Medplus Health Services	Pair Corr
0.81	DYCL	Dynamic Cables Split	Pair Corr
0.85	STARHEALTH	Star Health	Pair Corr
0.88	DELTAMAGNT	Delta Manufacturing	Pair Corr
0.63	LLOYDSENT	Lloyds Enterprises	Pair Corr
0.69	JINDALSTEL	Jindal Steel Power Earnings Call This Week	Pair Corr
0.84	NETWORK18	Network18 Media Inve	Pair Corr
0.81	NSLNISP	NMDC Steel Limited	Pair Corr
0.76	CIEINDIA	CIE Automotive India	Pair Corr
0.69	FAIRCHEMOR	Fairchem Organics	Pair Corr
0.86	DLF	DLF Limited Earnings Call This Week	Pair Corr
0.75	MEGASTAR	Megastar Foods	Pair Corr

Moving against Container Stock

0.48

BALKRISIND

Balkrishna Industries

Pair Corr

Related Correlations Analysis

	MANAKCOAT	ALKALI	APTECHT	SANDHAR	PNCINFRA	RAJMET
MANAKCOAT		0.63	-0.11	0.87	0.83	-0.09	MANAKCOAT
ALKALI	0.63		0.28	0.84	0.85	0.41	ALKALI
APTECHT	-0.11	0.28		0.15	0.03	0.05	APTECHT
SANDHAR	0.87	0.84	0.15		0.88	0.21	SANDHAR
PNCINFRA	0.83	0.85	0.03	0.88		0.23	PNCINFRA
RAJMET	-0.09	0.41	0.05	0.21	0.23		RAJMET
	MANAKCOAT	ALKALI	APTECHT	SANDHAR	PNCINFRA	RAJMET

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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

PNCINFRA	+ 0.88	SANDHAR
SANDHAR	+ 0.87	MANAKCOAT
PNCINFRA	+ 0.85	ALKALI
SANDHAR	+ 0.84	ALKALI
PNCINFRA	+ 0.83	MANAKCOAT
ALKALI	+ 0.63	MANAKCOAT

High negative correlations

APTECHT	- 0.11	MANAKCOAT
RAJMET	- 0.09	MANAKCOAT

Risk-Adjusted Indicators

There is a big difference between Container Stock performing well and Container 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 Container'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
MANAKCOAT	2.55	0.80	0.27	(9.63)	1.98	(3.22)	5.37	(4.26)	11.92
ALKALI	1.88	0.31	0.08	(3.02)	1.72	(2.21)	4.38	(3.37)	23.81
APTECHT	2.17	0.37	0.07	(0.50)	2.21	(2.60)	4.84	(3.38)	27.75
SANDHAR	1.71	0.47	0.17	(1.02)	1.37	(2.04)	4.27	(2.54)	12.15
PNCINFRA	1.27	0.19	0.06	1.39	1.25	(1.48)	4.75	(2.40)	9.25
RAJMET	2.09	(0.17)	0.00	2.41	0.00	0.00	4.87	(2.21)	10.12

Be your own money manager

Our tools can tell you how much better you can do entering a position in Container 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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