Nazara Technologies Correlations

Stocks India . 
Stock . Nazara Technologies Limited
NAZARA Stock   1,300  21.00  1.59%   
The current 90-days correlation between Nazara Technologies and Allied Blenders Distillers is 0.41 (i.e., Very weak diversification). The correlation of Nazara Technologies 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.

Nazara Technologies Correlation With Market

Significant diversification

The correlation between Nazara Technologies Limited and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Nazara Technologies Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Nazara Technologies could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Nazara Technologies 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 Nazara Technologies - 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 Nazara Technologies Limited to buy it.

Moving together with Nazara Stock

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  0.82KANORICHEM Kanoria ChemicalsPairCorr
  0.69CHEMCON Chemcon SpecialityPairCorr
  0.77NAUKRI Info Edge Limited SplitPairCorr
  0.97AARTIDRUGS Aarti Drugs LimitedPairCorr
  0.92BAJAJELEC Bajaj ElectricalsPairCorr
  0.96INTELLECT Intellect Design ArenaPairCorr
  0.84UTIAMC UTI Asset ManagementPairCorr
  0.84AFFLE Affle LimitedPairCorr
  0.9KEI KEI IndustriesPairCorr
  0.76JSL Jindal StainlessPairCorr
  0.76KEC KEC InternationalPairCorr
  0.82SIGACHI Sigachi IndustriesPairCorr
  0.77SONATSOFTW Sonata SoftwarePairCorr
  0.83WAAREEENER Waaree EnergiesPairCorr
  0.74GPPL Gujarat Pipavav PortPairCorr
  0.94APLAPOLLO APL Apollo TubesPairCorr
  0.84BHARATFORG Bharat Forge LimitedPairCorr
  0.81YATRA Yatra Online LimitedPairCorr
  0.74AXISBANK Axis Bank LimitedPairCorr
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  0.75YATHARTH Yatharth Hospital TraumaPairCorr
  0.89BBOX Black Box LimitedPairCorr
  0.7PRAXIS Praxis Home RetailPairCorr
  0.79AUTOIND Autoline IndustriesPairCorr
  0.81SANOFICONR SANOFI S HEALTHCPairCorr
  0.93ZOTA Zota Health CarePairCorr
  0.66RHFL Reliance Home FinancePairCorr
  0.86DBOL Dhampur Bio OrganicsPairCorr
  0.72JPOLYINVST Jindal Poly InvestmentPairCorr
  0.87SUPREMEIND Supreme IndustriesPairCorr
  0.78FLAIR FLAIRPairCorr
  0.83INFIBEAM Infibeam AvenuesPairCorr

Moving against Nazara Stock

  0.38GLFL Gujarat Lease FinancingPairCorr

Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Nazara Stock performing well and Nazara Technologies 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 Nazara Technologies' 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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Nazara Technologies 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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Nazara Technologies Corporate Management

Elected by the shareholders, the Nazara Technologies' board of directors comprises two types of representatives: Nazara Technologies inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Nazara. The board's role is to monitor Nazara Technologies' management team and ensure that shareholders' interests are well served. Nazara Technologies' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Nazara Technologies' outside directors are responsible for providing unbiased perspectives on the board's policies.
Dhaval ShethHead InitiativesProfile
Rashmi MishraB HeadProfile
Anirudh KumarChief LimitedProfile
Arun BhandariCompany OfficerProfile
Rakesh ShahChief OfficerProfile
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