India Glycols Correlations

INDIAGLYCO

1,830 14.70 0.81%

The current 90-days correlation between India Glycols Limited and Parag Milk Foods is 0.37 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as India Glycols moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if India Glycols Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

India Glycols Correlation With Market

Good diversification

The correlation between India Glycols Limited and DJI is -0.01 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding India Glycols Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with India Stock

0.65	NMDC	NMDC Limited	Pair Corr
0.88	SAIL	Steel Authority	Pair Corr
0.89	EMBASSY-RR	Embassy Office Parks	Pair Corr
0.81	GNFC	Gujarat Narmada Valley	Pair Corr
0.87	MAITHANALL	Maithan Alloys	Pair Corr
0.83	SBIN	State Bank	Pair Corr
0.89	LICI	Life Insurance	Pair Corr
0.81	HDFCBANK	HDFC Bank Limited	Pair Corr
0.82	ICICIBANK	ICICI Bank Limited	Pair Corr
0.83	RELIANCE	Reliance Industries	Pair Corr
0.68	BANKBARODA	Bank of Baroda	Pair Corr
0.71	JSL	Jindal Stainless	Pair Corr
0.86	RATNAMANI	Ratnamani Metals Tubes	Pair Corr
0.82	LATENTVIEW	Latent View Analytics	Pair Corr
0.91	VMM	Vishal Mega Mart	Pair Corr
0.86	POLICYBZR	PB Fintech Limited	Pair Corr
0.86	SUDARSCHEM	Sudarshan Chemical	Pair Corr
0.89	AUBANK	AU Small Finance	Pair Corr
0.88	IMPAL	India Motor Parts	Pair Corr
0.91	FOODSIN	Foods Inns Limited	Pair Corr
0.81	JINDALPHOT	Jindal Photo Limited	Pair Corr
0.69	HTMEDIA	HT Media Limited	Pair Corr
0.96	JKTYRE	JK Tyre Industries	Pair Corr
0.74	NIVABUPA	Niva Bupa Health	Pair Corr
0.93	ELECON	Elecon Engineering	Pair Corr
0.76	CYIENTDLM	Cyient DLM Limited	Pair Corr
0.93	MEDPLUS	Medplus Health Services	Pair Corr
0.75	ABAN	Aban Offshore Limited	Pair Corr
0.96	HEROMOTOCO	Hero MotoCorp Limited	Pair Corr

Moving against India Stock

0.92

JAIBALAJI

Jai Balaji Industries

Pair Corr

Related Correlations Analysis

	PARAGMILK	ROUTE	FOODSIN	SAPPHIRE	UNIVAFOODS	JUBLFOOD	TNTELE
PARAGMILK		0.36	0.89	0.66	0.8	0.43	0.7	PARAGMILK
ROUTE	0.36		0.37	0.52	0.53	0.26	0.42	ROUTE
FOODSIN	0.89	0.37		0.69	0.82	0.26	0.67	FOODSIN
SAPPHIRE	0.66	0.52	0.69		0.51	0.41	0.74	SAPPHIRE
UNIVAFOODS	0.8	0.53	0.82	0.51		0.15	0.58	UNIVAFOODS
JUBLFOOD	0.43	0.26	0.26	0.41	0.15		0.43	JUBLFOOD
TNTELE	0.7	0.42	0.67	0.74	0.58	0.43		TNTELE
	PARAGMILK	ROUTE	FOODSIN	SAPPHIRE	UNIVAFOODS	JUBLFOOD	TNTELE

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Risk-Adjusted Indicators

There is a big difference between India Stock performing well and India Glycols 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 India Glycols' 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
PARAGMILK	2.37	0.55	0.21	(3.02)	2.07	(2.72)	6.15	(3.33)	20.90
ROUTE	1.64	0.05	0.01	(2.07)	1.84	(1.93)	4.71	(3.26)	10.41
FOODSIN	2.41	0.33	0.10	2.84	2.64	(2.58)	7.19	(4.55)	24.75
SAPPHIRE	1.70	0.12	0.05	(2.94)	1.80	(1.88)	4.20	(3.01)	10.08
UNIVAFOODS	0.43	0.21	0.00	(17.72)	0.00	0.00	0.00	0.00	4.97
JUBLFOOD	1.48	0.24	0.12	(109.86)	1.55	(1.64)	3.74	(2.21)	9.59
TNTELE	2.42	0.21	0.07	1.38	2.51	(2.72)	5.81	(4.31)	15.88

Be your own money manager

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

Elected by the shareholders, the India Glycols' board of directors comprises two types of representatives: India Glycols inside directors who are chosen from within the company, and outside directors, selected externally and held independent of India. The board's role is to monitor India Glycols' management team and ensure that shareholders' interests are well served. India Glycols' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, India Glycols' outside directors are responsible for providing unbiased perspectives on the board's policies.

Rupark Sarswat	Chief Officer	Profile
Sanjeev Gurwara	Pres Marketing	Profile
Rajesh Marwaha	Head Marketing	Profile
Anand Singhal	Chief Officer	Profile

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