Tech Mahindra Correlations
| TECHM Stock | 1,549 14.80 0.95% |
The current 90-days correlation between Tech Mahindra Limited and One 97 Communications is 0.11 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tech Mahindra moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tech Mahindra Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Tech Mahindra Correlation With Market
Good diversification
The correlation between Tech Mahindra Limited and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tech Mahindra Limited and DJI in the same portfolio, assuming nothing else is changed.
Tech |
The ability to find closely correlated positions to Tech Mahindra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tech Mahindra 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 Tech Mahindra - 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 Tech Mahindra Limited to buy it.
Moving together with Tech Stock
Related Correlations Analysis
| 0.83 | 0.49 | 0.81 | 0.62 | 0.64 | 0.66 | ALKALI | ||
| 0.83 | 0.35 | 0.82 | 0.59 | 0.68 | 0.65 | NAHARINDUS | ||
| 0.49 | 0.35 | 0.48 | 0.74 | 0.58 | 0.6 | PAYTM | ||
| 0.81 | 0.82 | 0.48 | 0.54 | 0.57 | 0.57 | ONMOBILE | ||
| 0.62 | 0.59 | 0.74 | 0.54 | 0.56 | 0.71 | IMFA | ||
| 0.64 | 0.68 | 0.58 | 0.57 | 0.56 | 0.85 | PNC | ||
| 0.66 | 0.65 | 0.6 | 0.57 | 0.71 | 0.85 | PARACABLES | ||
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Risk-Adjusted Indicators
There is a big difference between Tech Stock performing well and Tech Mahindra 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 Tech Mahindra'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALKALI | 1.88 | 0.31 | 0.08 | (3.02) | 1.72 | 4.38 | 23.81 | |||
| NAHARINDUS | 1.97 | 0.31 | 0.13 | 0.67 | 1.72 | 5.11 | 15.95 | |||
| PAYTM | 1.71 | 0.21 | 0.05 | 1.11 | 2.15 | 3.81 | 13.97 | |||
| ONMOBILE | 2.03 | 0.21 | 0.06 | 0.82 | 1.83 | 5.82 | 15.66 | |||
| IMFA | 1.68 | 0.36 | 0.09 | (3.19) | 1.79 | 4.87 | 11.63 | |||
| PNC | 1.81 | 0.20 | 0.06 | 1.02 | 1.47 | 4.86 | 8.35 | |||
| PARACABLES | 2.07 | 0.19 | 0.04 | 0.71 | 2.39 | 5.26 | 16.24 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tech Mahindra 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?
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Tech Mahindra Corporate Management
Elected by the shareholders, the Tech Mahindra's board of directors comprises two types of representatives: Tech Mahindra inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tech. The board's role is to monitor Tech Mahindra's management team and ensure that shareholders' interests are well served. Tech Mahindra'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, Tech Mahindra's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Anil Khatri | Company Officer | Profile | |
| Vikram Nair | Pres Bus | Profile | |
| Shilpa Dhavale | Vice Business | Profile | |
| Richard Lobo | Chief Officer | Profile | |
| Rohit Anand | Chief Officer | Profile | |
| Ruchie Khanna | Company Officer | Profile |