Akme Fintrade Correlations
| AFIL Stock | 81.74 0.10 0.12% |
The current 90-days correlation between Akme Fintrade India and Bajaj Finance Limited is 0.24 (i.e., Modest diversification). The correlation of Akme Fintrade 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.
Akme Fintrade Correlation With Market
Weak diversification
The correlation between Akme Fintrade India and DJI is 0.3 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Akme Fintrade India and DJI in the same portfolio, assuming nothing else is changed.
Akme |
The ability to find closely correlated positions to Akme Fintrade could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Akme Fintrade 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 Akme Fintrade - 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 Akme Fintrade India to buy it.
Moving together with Akme Stock
| 0.85 | BAJFINANCE | Bajaj Finance Limited | PairCorr |
| 0.77 | IRFC | Indian Railway Finance | PairCorr |
| 0.69 | RECLTD | REC Limited | PairCorr |
| 0.72 | SHRIRAMFIN | Shriram Finance | PairCorr |
| 0.83 | CHOLAFIN | Cholamandalam Investment | PairCorr |
| 0.67 | MUTHOOTFIN | Muthoot Finance | PairCorr |
| 0.84 | SBICARD | SBI Cards | PairCorr |
| 0.89 | IREDA | Indian Renewable Energy | PairCorr |
Moving against Akme Stock
| 0.89 | IITL | Industrial Investment | PairCorr |
| 0.79 | QUINTEGRA | Quintegra Solutions | PairCorr |
| 0.79 | TECHM | Tech Mahindra Limited | PairCorr |
| 0.74 | WIPRO | Wipro Limited Split | PairCorr |
| 0.66 | ORIENTTECH | Orient Technologies | PairCorr |
| 0.66 | MCX | Multi Commodity Exchange | PairCorr |
| 0.65 | PAGEIND | Page Industries | PairCorr |
| 0.52 | BFUTILITIE | BF Utilities Limited | PairCorr |
| 0.4 | MAXHEALTH | Max Healthcare Institute | PairCorr |
| 0.35 | WELCORP | Welspun Corp Limited | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Akme Stock performing well and Akme Fintrade 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 Akme Fintrade'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BAJFINANCE | 1.26 | (0.13) | 0.00 | (0.15) | 0.00 | 3.33 | 7.68 | |||
| IRFC | 1.60 | (0.33) | 0.00 | (0.48) | 0.00 | 4.98 | 11.19 | |||
| PFC | 1.95 | (0.07) | 0.00 | 1.34 | 0.00 | 4.77 | 11.05 | |||
| RECLTD | 1.83 | (0.22) | 0.00 | (1.06) | 0.00 | 3.11 | 9.78 | |||
| SHRIRAMFIN | 1.45 | (0.08) | 0.00 | (9.91) | 0.00 | 3.43 | 9.08 | |||
| CHOLAFIN | 1.45 | (0.28) | 0.00 | (0.51) | 0.00 | 2.88 | 11.05 | |||
| MUTHOOTFIN | 1.07 | (0.06) | 0.00 | (0.64) | 0.00 | 1.94 | 7.65 | |||
| SBICARD | 1.09 | (0.06) | 0.00 | 0.62 | 0.00 | 2.64 | 7.75 | |||
| IREDA | 1.86 | (0.37) | 0.00 | (0.60) | 0.00 | 4.03 | 11.28 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Akme Fintrade 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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Akme Fintrade Corporate Management
Elected by the shareholders, the Akme Fintrade's board of directors comprises two types of representatives: Akme Fintrade inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Akme. The board's role is to monitor Akme Fintrade's management team and ensure that shareholders' interests are well served. Akme Fintrade'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, Akme Fintrade's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Shiv Shrimali | Chief Officer | Profile | |
| Suresh Gupta | Chief Officer | Profile | |
| Manoj Choubisa | Company Officer | Profile | |
| Rajni Gehlot | Chief Officer | Profile |