Jagsonpal Pharmaceuticals Correlations
| JAGSNPHARM | 616.40 20.25 3.18% |
The current 90-days correlation between Jagsonpal Pharmaceuticals and ADF Foods Limited is 0.51 (i.e., Very weak diversification). The correlation of Jagsonpal Pharmaceuticals 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.
Jagsonpal Pharmaceuticals Correlation With Market
Average diversification
The correlation between Jagsonpal Pharmaceuticals Limi and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jagsonpal Pharmaceuticals Limi and DJI in the same portfolio, assuming nothing else is changed.
Jagsonpal |
The ability to find closely correlated positions to Jagsonpal Pharmaceuticals could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jagsonpal Pharmaceuticals 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 Jagsonpal Pharmaceuticals - 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 Jagsonpal Pharmaceuticals Limited to buy it.
Moving together with Jagsonpal Stock
| 0.76 | HDFCBANK | HDFC Bank Limited | PairCorr |
| 0.83 | INDHOTEL | Indian Hotels | PairCorr |
| 0.63 | COSMOFIRST | COSMO FIRST LIMITED | PairCorr |
| 0.65 | LLOYDSME | LLOYDS METALS AND | PairCorr |
| 0.85 | RAINBOW | Rainbow Childrens | PairCorr |
| 0.81 | GILLETTE | Gillette India | PairCorr |
| 0.68 | DELTAMAGNT | Delta Manufacturing | PairCorr |
| 0.61 | ASALCBR | Associated Alcohols | PairCorr |
| 0.92 | GRWRHITECH | Garware Hi Tech | PairCorr |
| 0.7 | 360ONE | 360 ONE WAM | PairCorr |
| 0.74 | SUMMITSEC | Summit Securities | PairCorr |
| 0.74 | JSWHL | JSW Holdings Limited | PairCorr |
| 0.91 | IITL | Industrial Investment | PairCorr |
| 0.68 | WELCORP | Welspun Corp Limited | PairCorr |
| 0.88 | FORTIS | Fortis Healthcare | PairCorr |
| 0.93 | MANGCHEFER | Mangalore Chemicals | PairCorr |
Moving against Jagsonpal Stock
| 0.82 | IOC | Indian Oil | PairCorr |
| 0.74 | RELIANCE | Reliance Industries Split | PairCorr |
| 0.74 | ONGC | Oil Natural Gas | PairCorr |
| 0.63 | SBCL | Shivalik Bimetal Controls | PairCorr |
Related Correlations Analysis
| 0.76 | -0.48 | 0.25 | 0.91 | -0.71 | 0.76 | HERITGFOOD | ||
| 0.76 | -0.7 | 0.2 | 0.84 | -0.83 | 0.77 | COFFEEDAY | ||
| -0.48 | -0.7 | 0.11 | -0.49 | 0.62 | -0.62 | ADFFOODS | ||
| 0.25 | 0.2 | 0.11 | 0.22 | -0.44 | 0.01 | TATACHEM | ||
| 0.91 | 0.84 | -0.49 | 0.22 | -0.77 | 0.86 | HNDFDS | ||
| -0.71 | -0.83 | 0.62 | -0.44 | -0.77 | -0.64 | UNIVAFOODS | ||
| 0.76 | 0.77 | -0.62 | 0.01 | 0.86 | -0.64 | MEGASTAR | ||
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Jagsonpal Stock performing well and Jagsonpal Pharmaceuticals 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 Jagsonpal Pharmaceuticals' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HERITGFOOD | 1.65 | (0.39) | 0.00 | (2.82) | 0.00 | 3.40 | 9.86 | |||
| COFFEEDAY | 1.83 | (0.61) | 0.00 | (1.20) | 0.00 | 4.99 | 10.03 | |||
| ADFFOODS | 2.52 | 0.20 | 0.05 | (1.33) | 2.71 | 5.74 | 19.18 | |||
| TATACHEM | 1.70 | 0.04 | 0.00 | 0.18 | 2.28 | 3.24 | 13.12 | |||
| HNDFDS | 1.44 | (0.37) | 0.00 | (4.40) | 0.00 | 2.82 | 10.78 | |||
| UNIVAFOODS | 0.29 | 0.15 | 0.00 | (0.44) | 0.00 | 0.00 | 4.99 | |||
| MEGASTAR | 1.72 | (0.24) | 0.00 | (3.14) | 0.00 | 3.74 | 17.89 |
Be your own money manager
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Jagsonpal Pharmaceuticals Corporate Management
Elected by the shareholders, the Jagsonpal Pharmaceuticals' board of directors comprises two types of representatives: Jagsonpal Pharmaceuticals inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jagsonpal. The board's role is to monitor Jagsonpal Pharmaceuticals' management team and ensure that shareholders' interests are well served. Jagsonpal Pharmaceuticals' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jagsonpal Pharmaceuticals' outside directors are responsible for providing unbiased perspectives on the board's policies.
| S Rao | Chief Officer | Profile | |
| Nandita Singh | Company Officer | Profile | |
| Abhishek Joshi | Company Officer | Profile | |
| Bharat Chugh | Assistant Resources | Profile | |
| Ashish Lakhotia | Chief Officer | Profile | |
| Sudeep Paul | Vice Marketing | Profile |