Osia Hyper Correlations

Stocks . India . 
Stock . Osia Hyper Retail
OSIAHYPER   16.00  0.76  4.99%   
The current 90-days correlation between Osia Hyper Retail and HDFC Bank Limited is 0.19 (i.e., Average diversification). The correlation of Osia Hyper 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. If the correlation is 0, the equities are not correlated; they are entirely random.

Osia Hyper Correlation With Market

Good diversification

The correlation between Osia Hyper Retail 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 Osia Hyper Retail and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Osia Hyper could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Osia Hyper 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 Osia Hyper - 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 Osia Hyper Retail to buy it.

Moving against Osia Stock

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Related Correlations Analysis

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Risk-Adjusted Indicators

There is a big difference between Osia Stock performing well and Osia Hyper 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 Osia Hyper'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Osia Hyper 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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Osia Hyper Corporate Management

Elected by the shareholders, the Osia Hyper's board of directors comprises two types of representatives: Osia Hyper inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Osia. The board's role is to monitor Osia Hyper's management team and ensure that shareholders' interests are well served. Osia Hyper'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, Osia Hyper's outside directors are responsible for providing unbiased perspectives on the board's policies.
Amit ParmarChief OfficerProfile
Neha SharmaCompany OfficerProfile
Sandeep TailorChief OfficerProfile
Yusuf RupawalaCompany OfficerProfile
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