Tata Steel Correlations

TTST Stock

USD 18.95 0.50 2.71%

The current 90-days correlation between Tata Steel Limited and Givaudan SA is 0.12 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Tata Steel moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Tata Steel Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Tata Steel Correlation With Market

Modest diversification

The correlation between Tata Steel Limited and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tata Steel Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Tata Stock

0.84	ANTO	Antofagasta PLC	Pair Corr
0.79	ATYM	Atalaya Mining	Pair Corr
0.69	MTL	Metals Exploration Plc	Pair Corr
0.61	THX	Thor Explorations	Pair Corr
0.76	BC94	Samsung Electronics	Pair Corr
0.75	SMSD	Samsung Electronics	Pair Corr
0.76	SMSN	Samsung Electronics	Pair Corr
0.8	KAP	National Atomic	Pair Corr
0.9	HHPD	Hon Hai Precision	Pair Corr
0.82	RIGD	Reliance Industries	Pair Corr
0.72	S247	Smarttech247 Group PLC	Pair Corr
0.72	0O2B	Gruppo MutuiOnline SpA	Pair Corr
0.72	0I9F	Digital Realty Trust Earnings Call This Week	Pair Corr
0.75	0IKZ	Freddie Mac	Pair Corr
0.64	IHG	InterContinental Hotels	Pair Corr
0.74	SMSD	Samsung Electronics	Pair Corr

Moving against Tata Stock

0.52	RICO	Ricoh	Pair Corr
0.41	AMRQ	Amaroq Minerals	Pair Corr
0.41	TYT	Toyota Motor Corp	Pair Corr
0.36	FXPO	Ferrexpo PLC	Pair Corr

Related Correlations Analysis

	0QPS	ANTO	EVR	ATYM	MTL	AMRQ	FXPO	CAML	THX
0QPS		0.26	0.0	0.12	-0.39	0.46	0.23	0.62	-0.01	0QPS
ANTO	0.26		0.0	0.76	0.58	-0.32	-0.18	0.31	0.42	ANTO
EVR	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	EVR
ATYM	0.12	0.76	0.0		0.78	-0.44	-0.56	0.21	0.84	ATYM
MTL	-0.39	0.58	0.0	0.78		-0.65	-0.59	-0.15	0.73	MTL
AMRQ	0.46	-0.32	0.0	-0.44	-0.65		0.2	0.37	-0.35	AMRQ
FXPO	0.23	-0.18	0.0	-0.56	-0.59	0.2		-0.15	-0.81	FXPO
CAML	0.62	0.31	0.0	0.21	-0.15	0.37	-0.15		0.2	CAML
THX	-0.01	0.42	0.0	0.84	0.73	-0.35	-0.81	0.2		THX
	0QPS	ANTO	EVR	ATYM	MTL	AMRQ	FXPO	CAML	THX

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

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

THX	+ 0.84	ATYM
MTL	+ 0.78	ATYM
ATYM	+ 0.76	ANTO
THX	+ 0.73	MTL
CAML	+ 0.62	0QPS
MTL	+ 0.58	ANTO

High negative correlations

THX	- 0.81	FXPO
AMRQ	- 0.65	MTL
FXPO	- 0.59	MTL
FXPO	- 0.56	ATYM
AMRQ	- 0.44	ATYM
MTL	- 0.39	0QPS

Risk-Adjusted Indicators

There is a big difference between Tata Stock performing well and Tata Steel 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 Tata Steel'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
0QPS	0.64	0.00	(0.16)	0.11	0.70	(0.83)	1.47	(1.50)	3.86
ANTO	1.58	0.26	0.13	0.68	1.33	(1.95)	5.27	(2.67)	10.63
EVR	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ATYM	1.93	0.49	0.20	3.92	1.57	(2.55)	4.77	(2.79)	16.38
MTL	2.74	1.12	0.21	(2.31)	3.23	(3.39)	7.27	(5.19)	21.50
AMRQ	1.79	0.07	0.00	0.04	0.00	0.00	5.99	(3.45)	23.55
FXPO	3.04	(0.13)	0.00	(0.03)	0.00	0.00	7.92	(4.95)	38.97
CAML	1.24	(0.04)	0.00	0.54	0.00	0.00	2.45	(2.03)	11.97
THX	2.25	0.47	0.09	(0.44)	2.45	(2.63)	5.97	(3.19)	13.15

Be your own money manager

Our tools can tell you how much better you can do entering a position in Tata Steel 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 Sync Your Broker Now

Sync Your Broker

Sync your existing holdings, watchlists, positions or portfolios from thousands of online brokerage services, banks, investment account aggregators and robo-advisors.

All Next

Launch Module

Tata Steel Corporate Management

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

Jayanta Banerjee	Chief Officer	Profile
Thachat Narendran	MD CEO	Profile
Siddharth Mishra	Chief Sales	Profile
Sarvesh Kumar	Chief Communication	Profile
Hriday Nair	Chief Relations	Profile
Parvatheesam Kanchinadham	Compliance Sec	Profile
Sudhakar Marur	Chief Officer	Profile

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