Sify Technologies Correlations

SIFY Stock

USD 3.46 0.01 0.29%

The current 90-days correlation between Sify Technologies and ATN International is 0.06 (i.e., Significant diversification). The correlation of Sify Technologies 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.

Sify Technologies Correlation With Market

Good diversification

The correlation between Sify Technologies Limited and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sify Technologies Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sify Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Sify Stock

0.66

IDT

IDT Corporation Earnings Call Tomorrow

Pair Corr

Moving against Sify Stock

0.61	CHT	Chunghwa Telecom	Pair Corr
0.54	VIV	Telefonica Brasil Downward Rally	Pair Corr
0.48	PHI	PLDT Inc ADR	Pair Corr
0.48	RCI	Rogers Communications	Pair Corr
0.46	TKC	Turkcell Iletisim	Pair Corr
0.44	TU	Telus Corp	Pair Corr
0.43	FNGR	FingerMotion	Pair Corr
0.43	KORE	KORE Group Holdings	Pair Corr
0.41	TLK	Telkom Indonesia Tbk	Pair Corr
0.39	BCE	BCE Inc	Pair Corr
0.39	VOD	Vodafone Group PLC	Pair Corr
0.38	SKM	SK Telecom	Pair Corr
0.38	UCL	Ucloudlink Group	Pair Corr
0.65	ATEX	Anterix	Pair Corr
0.63	TIMB	TIM Participacoes Downward Rally	Pair Corr
0.44	TC	TuanChe ADR	Pair Corr
0.42	YY	YY Inc Class	Pair Corr

Related Correlations Analysis

	QTEKW	COMS	CRGE	KORE	CNSL	CCOI	LBRDA	RBBN	KT	LBRDK
QTEKW		0.21	0.15	0.58	-0.34	-0.4	-0.31	-0.44	-0.75	-0.31	QTEKW
COMS	0.21		-0.05	0.52	-0.45	-0.52	-0.51	-0.38	-0.25	-0.51	COMS
CRGE	0.15	-0.05		0.42	-0.29	-0.24	-0.16	-0.25	-0.2	-0.16	CRGE
KORE	0.58	0.52	0.42		-0.64	-0.63	-0.65	-0.63	-0.69	-0.64	KORE
CNSL	-0.34	-0.45	-0.29	-0.64		0.71	0.72	0.53	0.57	0.72	CNSL
CCOI	-0.4	-0.52	-0.24	-0.63	0.71		0.83	0.73	0.56	0.83	CCOI
LBRDA	-0.31	-0.51	-0.16	-0.65	0.72	0.83		0.87	0.4	1.0	LBRDA
RBBN	-0.44	-0.38	-0.25	-0.63	0.53	0.73	0.87		0.47	0.88	RBBN
KT	-0.75	-0.25	-0.2	-0.69	0.57	0.56	0.4	0.47		0.39	KT
LBRDK	-0.31	-0.51	-0.16	-0.64	0.72	0.83	1.0	0.88	0.39		LBRDK
	QTEKW	COMS	CRGE	KORE	CNSL	CCOI	LBRDA	RBBN	KT	LBRDK

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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

LBRDK	+ 1.0	LBRDA
LBRDK	+ 0.88	RBBN
RBBN	+ 0.87	LBRDA
LBRDA	+ 0.83	CCOI
LBRDK	+ 0.83	CCOI
RBBN	+ 0.73	CCOI

High negative correlations

KT	- 0.75	QTEKW
KT	- 0.69	KORE
LBRDA	- 0.65	KORE
LBRDK	- 0.64	KORE
CNSL	- 0.64	KORE
RBBN	- 0.63	KORE

Risk-Adjusted Indicators

There is a big difference between Sify Stock performing well and Sify Technologies 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 Sify Technologies' 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
QTEKW	16.99	0.08	0.00	0.11	0.00	0.00	41.25	(36.17)	151.83
COMS	2.59	(0.22)	0.00	(0.75)	0.00	0.00	3.98	(5.79)	26.52
CRGE	3.89	(0.04)	(0.02)	0.03	5.10	(4.45)	12.09	(8.89)	27.84
KORE	4.05	(0.50)	0.00	3.31	0.00	0.00	8.02	(8.04)	26.66
CNSL	0.20	0.02	(0.24)	0.29	0.12	(0.35)	0.44	(0.43)	1.74
CCOI	1.28	0.16	0.07	0.41	1.31	(1.44)	2.95	(2.59)	7.77
LBRDA	2.16	0.35	0.22	0.39	1.51	(2.84)	4.70	(3.19)	33.07
RBBN	2.20	(0.02)	0.05	0.12	2.44	(2.54)	4.79	(3.78)	11.95
KT	1.30	0.31	0.12	1.05	1.42	(1.52)	4.23	(2.02)	11.99
LBRDK	2.11	0.33	0.21	0.37	1.53	(2.96)	4.96	(3.20)	30.97

Sify Technologies Corporate Management

David Nishball	Chief Strategy Officer	Profile
Ramanujan	Company Secretary	Profile
Arindam Mukherjee	Regional Region	Profile
Praveen Krishna	Investor Officer	Profile

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