General Insurance Correlations
| GICRE Stock | 382.50 4.35 1.12% |
The current 90-days correlation between General Insurance and California Software is -0.06 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as General Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if General Insurance moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
General Insurance Correlation With Market
Average diversification
The correlation between General Insurance and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding General Insurance and DJI in the same portfolio, assuming nothing else is changed.
General |
The ability to find closely correlated positions to General Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace General Insurance 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 General Insurance - 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 General Insurance to buy it.
Moving against General Stock
| 0.8 | WIPRO | Wipro Limited | PairCorr |
| 0.79 | IMFA | Indian Metals Ferro | PairCorr |
| 0.78 | AUTOAXLES | Automotive Axles | PairCorr |
| 0.73 | FAIRCHEMOR | Fairchem Organics | PairCorr |
| 0.69 | INFOMEDIA | Infomedia Press | PairCorr |
| 0.69 | ASTERDM | Aster DM Healthcare | PairCorr |
| 0.67 | MANGCHEFER | Mangalore Chemicals | PairCorr |
| 0.66 | DYCL | Dynamic Cables Split | PairCorr |
| 0.65 | CUB | City Union Bank Earnings Call This Week | PairCorr |
| 0.64 | SAIL | Steel Authority | PairCorr |
| 0.62 | GNFC | Gujarat Narmada Valley | PairCorr |
| 0.62 | EMBASSY-RR | Embassy Office Parks | PairCorr |
| 0.6 | BANKPSU | BANKPSU | PairCorr |
| 0.58 | SONATSOFTW | Sonata Software | PairCorr |
| 0.56 | BAIDFIN | Baid Finserv Limited | PairCorr |
| 0.54 | GMBREW | GM Breweries Limited | PairCorr |
| 0.48 | JAICORPLTD | Jai Corp Limited | PairCorr |
| 0.47 | MRF | MRF Limited | PairCorr |
| 0.35 | CEATLTD | CEAT Limited | PairCorr |
| 0.33 | UFO | UFO Moviez India | PairCorr |
| 0.81 | DEEPAKFERT | Deepak Fertilizers and | PairCorr |
| 0.81 | RIIL | Reliance Industrial | PairCorr |
| 0.77 | SGIL | Synergy Green Industries | PairCorr |
| 0.76 | SAKAR | Sakar Healthcare | PairCorr |
| 0.76 | FINOPB | Fino Payments Bank | PairCorr |
| 0.74 | ICICIGI | ICICI Lombard General | PairCorr |
| 0.73 | AAKASH | Aakash Exploration | PairCorr |
| 0.72 | DLF | DLF Limited Earnings Call This Week | PairCorr |
| 0.72 | DELTAMAGNT | Delta Manufacturing | PairCorr |
| 0.72 | NETWORK18 | Network18 Media Inve | PairCorr |
| 0.69 | INDIAGLYCO | India Glycols Limited | PairCorr |
| 0.67 | HONAUT | Honeywell Automation | PairCorr |
| 0.66 | SHARDAMOTR | Sharda Motor Industries Split | PairCorr |
| 0.58 | UNIONBANK | Union Bank | PairCorr |
| 0.52 | AMRUTANJAN | Amrutanjan Health Care | 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between General Stock performing well and General Insurance 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 General Insurance'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| CALSOFT | 2.72 | 0.53 | 0.17 | 2.31 | 2.30 | 4.99 | 10.06 | |||
| PNC | 1.81 | 0.20 | 0.06 | 1.02 | 1.47 | 4.86 | 8.35 | |||
| MICEL | 1.66 | (0.09) | 0.00 | 8.59 | 0.00 | 4.02 | 23.76 | |||
| SYRMA | 1.94 | 0.53 | 0.20 | 2.15 | 1.75 | 4.87 | 20.02 | |||
| ORTEL | 1.91 | 0.30 | 0.04 | 11.50 | 2.15 | 4.88 | 10.58 | |||
| DEVIT | 1.60 | 0.00 | (0.05) | 0.10 | 2.01 | 4.17 | 13.25 | |||
| RCOM | 1.86 | (0.03) | 0.00 | 0.21 | 0.00 | 4.73 | 10.39 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in General Insurance 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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General Insurance Corporate Management
Elected by the shareholders, the General Insurance's board of directors comprises two types of representatives: General Insurance inside directors who are chosen from within the company, and outside directors, selected externally and held independent of General. The board's role is to monitor General Insurance's management team and ensure that shareholders' interests are well served. General Insurance'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, General Insurance's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rajesh Laheri | Deputy Taxation | Profile | |
| Satheesh S | Company Officer | Profile | |
| Alagarsamy | Chief Officer | Profile | |
| Saroj Rath | General Manager | Profile | |
| Suresh Savaliya | Company Officer | Profile |