Valiant Organics Correlations

VALIANTORG

326.50 4.40 1.33%

The current 90-days correlation between Valiant Organics and NMDC Limited is 0.33 (i.e., Weak diversification). The correlation of Valiant Organics 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.

Valiant Organics Correlation With Market

Modest diversification

The correlation between Valiant Organics Limited and DJI is 0.24 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Valiant Organics Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Valiant Stock

0.82	EMBASSY-RR	Embassy Office Parks	Pair Corr
0.62	GNFC	Gujarat Narmada Valley	Pair Corr
0.65	GUJALKALI	Gujarat Alkalies	Pair Corr
0.89	JTLIND	JTL Industries Split	Pair Corr

Moving against Valiant Stock

0.85	IMFA	Indian Metals Ferro	Pair Corr
0.56	SBIN	State Bank	Pair Corr
0.32	NMDC	NMDC Limited	Pair Corr
0.32	ZOMATO	Zomato Limited	Pair Corr

Related Correlations Analysis

	NMDC	SAIL	EMBASSY-RR	GNFC	GUJALKALI	IMFA	JTLIND	INDIAGLYCO	MAITHANALL
NMDC		0.26	-0.17	0.13	0.04	0.54	-0.28	0.48	0.24	NMDC
SAIL	0.26		0.35	0.85	0.34	-0.25	0.64	0.54	0.52	SAIL
EMBASSY-RR	-0.17	0.35		0.42	0.68	-0.81	0.79	-0.02	-0.23	EMBASSY-RR
GNFC	0.13	0.85	0.42		0.46	-0.33	0.69	0.46	0.36	GNFC
GUJALKALI	0.04	0.34	0.68	0.46		-0.54	0.7	0.31	-0.17	GUJALKALI
IMFA	0.54	-0.25	-0.81	-0.33	-0.54		-0.83	0.28	0.29	IMFA
JTLIND	-0.28	0.64	0.79	0.69	0.7	-0.83		0.16	0.04	JTLIND
INDIAGLYCO	0.48	0.54	-0.02	0.46	0.31	0.28	0.16		0.32	INDIAGLYCO
MAITHANALL	0.24	0.52	-0.23	0.36	-0.17	0.29	0.04	0.32		MAITHANALL
	NMDC	SAIL	EMBASSY-RR	GNFC	GUJALKALI	IMFA	JTLIND	INDIAGLYCO	MAITHANALL

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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

GNFC	+ 0.85	SAIL
JTLIND	+ 0.79	EMBASSY-RR
JTLIND	+ 0.7	GUJALKALI
JTLIND	+ 0.69	GNFC
GUJALKALI	+ 0.68	EMBASSY-RR
JTLIND	+ 0.64	SAIL

High negative correlations

JTLIND	- 0.83	IMFA
IMFA	- 0.81	EMBASSY-RR
IMFA	- 0.54	GUJALKALI
IMFA	- 0.33	GNFC
JTLIND	- 0.28	NMDC
IMFA	- 0.25	SAIL

Risk-Adjusted Indicators

There is a big difference between Valiant Stock performing well and Valiant Organics 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 Valiant Organics' 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
NMDC	1.69	0.15	0.04	0.50	1.84	(1.82)	3.96	(3.31)	8.71
SAIL	1.65	(0.05)	0.00	(0.51)	0.00	0.00	3.24	(3.68)	8.70
EMBASSY-RR	0.89	(0.07)	0.00	1.18	0.00	0.00	1.84	(1.96)	4.80
GNFC	1.43	(0.14)	0.00	(1.33)	0.00	0.00	2.51	(3.55)	11.02
GUJALKALI	1.27	(0.06)	0.00	(0.07)	0.00	0.00	3.28	(2.88)	10.86
IMFA	2.04	0.62	0.27	2.41	1.60	(2.35)	4.97	(2.75)	11.39
JTLIND	2.81	(0.93)	0.00	(14.58)	0.00	0.00	3.60	(4.83)	60.24
INDIAGLYCO	2.42	0.19	0.06	0.32	2.50	(2.75)	5.48	(4.42)	23.17
MAITHANALL	1.47	0.03	(0.01)	0.17	1.75	(1.64)	4.95	(3.32)	11.35

Be your own money manager

Our tools can tell you how much better you can do entering a position in Valiant Organics 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.

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