IOL Chemicals Correlations

IOLCP Stock

91.80 0.40 0.43%

The current 90-days correlation between IOL Chemicals and Kingfa Science Technology is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IOL Chemicals moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if IOL Chemicals and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IOL Chemicals Correlation With Market

Modest diversification

The correlation between IOL Chemicals and and DJI is 0.28 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding IOL Chemicals and and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with IOL Stock

0.74	SBIN	State Bank	Pair Corr
0.93	LICI	Life Insurance	Pair Corr
0.68	HDFCBANK	HDFC Bank Limited Earnings Call Today	Pair Corr
0.73	RELIANCE	Reliance Industries	Pair Corr
0.81	INFY	Infosys Limited Earnings Call This Week	Pair Corr
0.93	MEGASTAR	Megastar Foods	Pair Corr
0.78	LLOYDSENT	Lloyds Enterprises	Pair Corr
0.93	DLF	DLF Limited Earnings Call This Week	Pair Corr
0.68	KANORICHEM	Kanoria Chemicals	Pair Corr
0.84	CIEINDIA	CIE Automotive India	Pair Corr

Related Correlations Analysis

	GVPTECH	KINGFA	RICOAUTO	GATECHDVR	TBZ	PARAGMILK	HEUBACHIND	CHEMCON	LEMONTREE	BAIDFIN
GVPTECH		0.63	0.35	-0.56	-0.03	0.53	0.2	0.26	0.55	0.48	GVPTECH
KINGFA	0.63		0.44	-0.62	-0.16	0.67	0.12	0.27	0.49	0.27	KINGFA
RICOAUTO	0.35	0.44		-0.08	-0.44	0.7	-0.06	0.24	0.28	0.62	RICOAUTO
GATECHDVR	-0.56	-0.62	-0.08		0.03	-0.61	-0.39	-0.19	-0.51	-0.27	GATECHDVR
TBZ	-0.03	-0.16	-0.44	0.03		-0.31	0.38	0.42	0.27	-0.19	TBZ
PARAGMILK	0.53	0.67	0.7	-0.61	-0.31		0.31	0.43	0.47	0.57	PARAGMILK
HEUBACHIND	0.2	0.12	-0.06	-0.39	0.38	0.31		0.66	0.52	0.31	HEUBACHIND
CHEMCON	0.26	0.27	0.24	-0.19	0.42	0.43	0.66		0.46	0.19	CHEMCON
LEMONTREE	0.55	0.49	0.28	-0.51	0.27	0.47	0.52	0.46		0.49	LEMONTREE
BAIDFIN	0.48	0.27	0.62	-0.27	-0.19	0.57	0.31	0.19	0.49		BAIDFIN
	GVPTECH	KINGFA	RICOAUTO	GATECHDVR	TBZ	PARAGMILK	HEUBACHIND	CHEMCON	LEMONTREE	BAIDFIN

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

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

PARAGMILK	+ 0.7	RICOAUTO
PARAGMILK	+ 0.67	KINGFA
CHEMCON	+ 0.66	HEUBACHIND
KINGFA	+ 0.63	GVPTECH
BAIDFIN	+ 0.62	RICOAUTO
BAIDFIN	+ 0.57	PARAGMILK

High negative correlations

GATECHDVR	- 0.62	KINGFA
PARAGMILK	- 0.61	GATECHDVR
GATECHDVR	- 0.56	GVPTECH
LEMONTREE	- 0.51	GATECHDVR
TBZ	- 0.44	RICOAUTO
HEUBACHIND	- 0.39	GATECHDVR

Risk-Adjusted Indicators

There is a big difference between IOL Stock performing well and IOL Chemicals 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 IOL Chemicals' 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
GVPTECH	2.07	0.09	0.00	0.58	2.52	(2.14)	5.09	(4.68)	15.88
KINGFA	1.64	0.11	(0.01)	3.38	1.86	(1.81)	3.74	(2.80)	11.44
RICOAUTO	1.86	0.29	0.07	37.20	1.89	(2.13)	3.69	(4.52)	16.24
GATECHDVR	3.23	(0.81)	0.00	0.86	0.00	0.00	4.76	(10.00)	19.81
TBZ	1.65	0.04	(0.06)	(0.02)	2.24	(1.72)	3.34	(3.24)	13.15
PARAGMILK	2.02	0.45	0.19	1.13	1.66	(2.42)	5.49	(2.63)	20.90
HEUBACHIND	0.21	0.02	(0.47)	(0.79)	0.14	(0.24)	0.59	(0.50)	1.75
CHEMCON	1.61	0.34	0.10	(1.09)	1.44	(2.01)	5.83	(2.34)	13.50
LEMONTREE	1.30	0.14	0.01	35.50	1.57	(1.45)	3.49	(2.93)	11.28
BAIDFIN	2.63	0.39	0.06	(0.30)	2.28	(4.00)	7.72	(3.57)	25.63

Be your own money manager

Our tools can tell you how much better you can do entering a position in IOL Chemicals 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?

Run Stocks Directory Now

Stocks Directory

Find actively traded stocks across global markets

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC