Voltas Correlations
| VOLTAS Stock | 1,377 13.70 0.99% |
The current 90-days correlation between Voltas Limited and LT Foods Limited is 0.29 (i.e., Modest diversification). The correlation of Voltas 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.
Voltas Correlation With Market
Significant diversification
The correlation between Voltas Limited and DJI is 0.08 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Voltas Limited and DJI in the same portfolio, assuming nothing else is changed.
Voltas |
The ability to find closely correlated positions to Voltas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Voltas 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 Voltas - 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 Voltas Limited to buy it.
Moving together with Voltas Stock
| 0.61 | VERANDA | Veranda Learning Sol | PairCorr |
| 0.84 | HEALTHADD | HEALTHADD | PairCorr |
| 0.62 | HATHWAY | Hathway Cable Datacom | PairCorr |
| 0.78 | MOTILALOFS | Motilal Oswal Financial Earnings Call This Week | PairCorr |
| 0.62 | COFORGE | Coforge Limited Earnings Call This Week | PairCorr |
| 0.71 | SHREEPUSHK | Shree Pushkar Chemicals | PairCorr |
| 0.8 | ITCHOTELS | ITCHOTELS | PairCorr |
| 0.79 | TFCILTD | Tourism Finance | PairCorr |
| 0.83 | LLOYDSENT | Lloyds Enterprises | PairCorr |
| 0.74 | MANAKCOAT | Manaksia Coated Metals | PairCorr |
| 0.65 | WEALTH | Wealth First Portfolio | PairCorr |
| 0.63 | TVSMOTOR | TVS Motor | PairCorr |
| 0.73 | HSCL | Himadri Speciality | PairCorr |
| 0.9 | YATHARTH | Yatharth Hospital Trauma | PairCorr |
| 0.78 | SUNFLAG | Sunflag Iron And | PairCorr |
| 0.61 | INDIAGLYCO | India Glycols Limited Earnings Call This Week | PairCorr |
| 0.76 | INDOAMIN | Indo Amines Limited | PairCorr |
| 0.8 | HDFCBANK | HDFC Bank Limited | PairCorr |
| 0.76 | BAJAJHIND | Bajaj Hindusthan Sugar | PairCorr |
| 0.84 | SARVESHWAR | Sarveshwar Foods | PairCorr |
| 0.61 | CDSL | Central Depository | PairCorr |
Related Correlations Analysis
| 0.41 | 0.83 | 0.01 | 0.36 | 0.73 | 0.7 | 0.65 | NUCLEUS | ||
| 0.41 | 0.43 | 0.45 | 0.13 | 0.64 | 0.79 | 0.84 | SYRMA | ||
| 0.83 | 0.43 | 0.05 | 0.33 | 0.71 | 0.78 | 0.61 | COMPUSOFT | ||
| 0.01 | 0.45 | 0.05 | 0.22 | 0.14 | 0.22 | 0.19 | HNDFDS | ||
| 0.36 | 0.13 | 0.33 | 0.22 | 0.14 | 0.09 | 0.06 | KOHINOOR | ||
| 0.73 | 0.64 | 0.71 | 0.14 | 0.14 | 0.77 | 0.82 | IXIGO | ||
| 0.7 | 0.79 | 0.78 | 0.22 | 0.09 | 0.77 | 0.86 | LTFOODS | ||
| 0.65 | 0.84 | 0.61 | 0.19 | 0.06 | 0.82 | 0.86 | PARAGMILK | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Voltas Stock performing well and Voltas 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 Voltas' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NUCLEUS | 2.19 | 0.43 | 0.14 | (4.51) | 1.73 | 7.60 | 27.02 | |||
| SYRMA | 1.94 | 0.53 | 0.20 | 2.15 | 1.75 | 4.87 | 20.02 | |||
| COMPUSOFT | 1.89 | 0.20 | 0.05 | 1.19 | 1.70 | 5.91 | 15.68 | |||
| HNDFDS | 1.15 | (0.05) | 0.00 | 0.37 | 0.00 | 2.16 | 10.51 | |||
| KOHINOOR | 1.64 | 0.16 | (0.01) | (0.24) | 2.07 | 4.09 | 21.08 | |||
| IXIGO | 2.07 | 0.51 | 0.24 | 0.99 | 1.40 | 5.63 | 10.10 | |||
| LTFOODS | 2.02 | 0.56 | 0.22 | 6.92 | 1.62 | 4.82 | 11.92 | |||
| PARAGMILK | 2.02 | 0.45 | 0.19 | 1.13 | 1.66 | 5.49 | 20.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Voltas 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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Voltas Corporate Management
Elected by the shareholders, the Voltas' board of directors comprises two types of representatives: Voltas inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Voltas. The board's role is to monitor Voltas' management team and ensure that shareholders' interests are well served. Voltas' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Voltas' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ratnesh Rukhariyar | Company Officer | Profile | |
| Juhi Chaudhary | Head Legal | Profile | |
| Narendren Nair | Chief VP | Profile | |
| Manish Desai | Head Finance | Profile | |
| Varun Malhotra | Compliance Legal | Profile |