Indiamart Intermesh Correlations

INDIAMART

2,400 22.00 0.93%

The current 90-days correlation between Indiamart Intermesh and Credo Brands Marketing is 0.08 (i.e., Significant diversification). The correlation of Indiamart Intermesh 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.

Indiamart Intermesh Correlation With Market

Significant diversification

The correlation between Indiamart Intermesh Limited and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Indiamart Intermesh Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Indiamart Stock

0.76	HINDCOPPER	Hindustan Copper	Pair Corr
0.74	SHREEPUSHK	Shree Pushkar Chemicals	Pair Corr
0.73	SIGMA	Sigma Solve Limited Split	Pair Corr
0.71	NMDC	NMDC Limited	Pair Corr
0.69	GENCON	Generic Engineering	Pair Corr
0.66	V2RETAIL	V2 Retail Limited	Pair Corr
0.62	ORIENTTECH	Orient Technologies	Pair Corr
0.58	PVP	PVP Ventures Limited	Pair Corr
0.55	THEMISMED	Themis Medicare	Pair Corr
0.54	TAKE	Take Solutions	Pair Corr
0.53	ARSSINFRA	ARSS Infrastructure	Pair Corr
0.5	SPECIALITY	Speciality Restaurants	Pair Corr
0.5	CARTRADE	Cartrade Tech Limited	Pair Corr
0.48	IOC	Indian OilLimited	Pair Corr
0.45	NAVNETEDUL	Navneet Education	Pair Corr
0.45	NAM-INDIA	Nippon Life India Earnings Call This Week	Pair Corr
0.44	CREDITACC	CREDITACCESS GRAMEEN	Pair Corr
0.42	RMDRIP	RMDRIP Split	Pair Corr
0.35	DOMS	DOMS INDUSTRIES	Pair Corr
0.31	ONGC	Oil Natural Gas	Pair Corr
0.86	PANACHE	Panache Digilife	Pair Corr
0.78	SUBROS	Subros Limited	Pair Corr
0.77	INDORAMA	Indo Rama Synthetics	Pair Corr
0.74	SBIN	State Bank	Pair Corr
0.72	HITECH	Hi Tech Pipes	Pair Corr
0.63	AXISCADES	AXISCADES Technologies	Pair Corr
0.63	MARUTI	Maruti Suzuki India	Pair Corr
0.63	KAYNES	Kaynes Technology India	Pair Corr
0.6	KIOCL	KIOCL Limited	Pair Corr
0.59	SCI	ShippingOf India	Pair Corr
0.59	AMDIND	AMD Industries	Pair Corr
0.59	CCCL	Consolidated Construction	Pair Corr
0.57	SILINV	SIL Investments	Pair Corr

Related Correlations Analysis

	MUFTI	HCG	ZOTA	CARTRADE	SPENCERS	HEALTHADD	V2RETAIL
MUFTI		-0.81	-0.64	-0.84	0.8	0.47	-0.07	MUFTI
HCG	-0.81		0.6	0.89	-0.51	-0.15	-0.13	HCG
ZOTA	-0.64	0.6		0.7	-0.42	-0.06	0.35	ZOTA
CARTRADE	-0.84	0.89	0.7		-0.55	-0.27	0.04	CARTRADE
SPENCERS	0.8	-0.51	-0.42	-0.55		0.49	-0.14	SPENCERS
HEALTHADD	0.47	-0.15	-0.06	-0.27	0.49		-0.03	HEALTHADD
V2RETAIL	-0.07	-0.13	0.35	0.04	-0.14	-0.03		V2RETAIL
	MUFTI	HCG	ZOTA	CARTRADE	SPENCERS	HEALTHADD	V2RETAIL

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

CARTRADE	+ 0.89	HCG
SPENCERS	+ 0.8	MUFTI
CARTRADE	+ 0.7	ZOTA
ZOTA	+ 0.6	HCG
HEALTHADD	+ 0.49	SPENCERS
HEALTHADD	+ 0.47	MUFTI

High negative correlations

CARTRADE	- 0.84	MUFTI
HCG	- 0.81	MUFTI
ZOTA	- 0.64	MUFTI
SPENCERS	- 0.55	CARTRADE
SPENCERS	- 0.51	HCG
SPENCERS	- 0.42	ZOTA

Risk-Adjusted Indicators

There is a big difference between Indiamart Stock performing well and Indiamart Intermesh 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 Indiamart Intermesh'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
MUFTI	1.88	(0.55)	0.00	(1.06)	0.00	0.00	3.86	(3.65)	24.19
HCG	1.31	0.35	0.21	(1.04)	1.07	(1.56)	3.69	(2.20)	8.55
ZOTA	1.89	0.29	0.15	0.49	1.59	(2.54)	4.80	(2.67)	17.32
CARTRADE	2.37	0.42	0.13	0.53	2.76	(2.82)	5.59	(4.67)	19.45
SPENCERS	1.33	(0.21)	0.00	(0.25)	0.00	0.00	3.01	(2.90)	10.80
HEALTHADD	0.60	0.02	(0.03)	0.21	0.83	(0.63)	1.14	(1.52)	4.26
V2RETAIL	1.96	0.32	0.13	0.74	1.97	(2.28)	5.99	(4.66)	12.80

Be your own money manager

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

Elected by the shareholders, the Indiamart Intermesh's board of directors comprises two types of representatives: Indiamart Intermesh inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Indiamart. The board's role is to monitor Indiamart Intermesh's management team and ensure that shareholders' interests are well served. Indiamart Intermesh'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, Indiamart Intermesh's outside directors are responsible for providing unbiased perspectives on the board's policies.

Mudit Khosla	VP Group	Profile
Manoj Bhargava	Company Secretarial	Profile
Prateek Chandra	Chief Officer	Profile
Amarinder Dhaliwal	Chief Officer	Profile
Vivek Agrawal	Chief Officer	Profile
Jitin Diwan	Chief Officer	Profile

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