Borosil Scientific Correlations
| BOROSCI Stock | 135.52 1.54 1.12% |
The current 90-days correlation between Borosil Scientific and Manaksia Coated Metals is 0.21 (i.e., Modest diversification). The correlation of Borosil Scientific 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.
Borosil Scientific Correlation With Market
Good diversification
The correlation between Borosil Scientific and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Borosil Scientific and DJI in the same portfolio, assuming nothing else is changed.
Borosil |
The ability to find closely correlated positions to Borosil Scientific could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Borosil Scientific 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 Borosil Scientific - 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 Borosil Scientific to buy it.
Moving together with Borosil Stock
| 0.82 | UFLEX | UFLEX Limited | PairCorr |
| 0.87 | TCPLPACK | TCPL Packaging | PairCorr |
| 0.75 | COSMOFIRST | COSMO FIRST LIMITED | PairCorr |
| 0.7 | ICICIBANK | ICICI Bank Limited Earnings Call Tomorrow | PairCorr |
Moving against Borosil Stock
| 0.8 | UNOMINDA | UNO Minda Limited | PairCorr |
| 0.7 | KAYNES | Kaynes Technology India | PairCorr |
| 0.7 | KIOCL | KIOCL Limited | PairCorr |
| 0.64 | BAJAJ-AUTO | Bajaj Auto Limited | PairCorr |
| 0.55 | SIGMA | Sigma Solve Limited Split | PairCorr |
| 0.47 | SBIN | State Bank | PairCorr |
| 0.42 | ONMOBILE | OnMobile Global | PairCorr |
| 0.42 | SUMMITSEC | Summit Securities Earnings Call This Week | PairCorr |
| 0.4 | GRANULES | Granules India | PairCorr |
| 0.39 | MOLDTKPAC | Mold Tek Packaging | PairCorr |
| 0.38 | HITECH | Hi Tech Pipes | PairCorr |
| 0.32 | HUHTAMAKI | Huhtamaki India Earnings Call This Week | PairCorr |
| 0.87 | CARTRADE | Cartrade Tech Limited | PairCorr |
| 0.82 | MARUTI | Maruti Suzuki India | PairCorr |
| 0.81 | PVRINOX | PVR INOX | PairCorr |
| 0.8 | RMDRIP | RMDRIP Split | PairCorr |
| 0.73 | APOLLO | Apollo Micro Systems Earnings Call This Week | PairCorr |
| 0.72 | DIGISPICE | DiGiSPICE Technologies | PairCorr |
| 0.67 | ASIANENE | Asian Energy Services | PairCorr |
| 0.66 | TIINDIA | Tube Investments | PairCorr |
Related Correlations Analysis
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
|
Risk-Adjusted Indicators
There is a big difference between Borosil Stock performing well and Borosil Scientific 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 Borosil Scientific'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ALKALI | 1.58 | (0.13) | 0.00 | (0.51) | 0.00 | 4.64 | 19.41 | |||
| MANAKCOAT | 2.35 | 0.17 | 0.05 | 0.69 | 2.29 | 5.62 | 15.90 | |||
| MAHASTEEL | 1.99 | 0.66 | 0.27 | 2.49 | 1.59 | 5.67 | 14.48 | |||
| VSSL | 1.50 | 0.10 | 0.02 | 1.68 | 1.88 | 3.08 | 9.96 | |||
| TCI | 0.85 | (0.04) | 0.00 | 0.60 | 0.00 | 1.69 | 4.87 | |||
| SUNFLAG | 1.54 | (0.22) | 0.00 | (1.11) | 0.00 | 2.69 | 9.40 | |||
| IMFA | 1.86 | 0.62 | 0.31 | (86.18) | 1.39 | 5.87 | 11.56 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Borosil Scientific 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?
Run My Watchlist Analysis Now
My Watchlist AnalysisAnalyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
| All Next | Launch Module |
Borosil Scientific Corporate Management
Elected by the shareholders, the Borosil Scientific's board of directors comprises two types of representatives: Borosil Scientific inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Borosil. The board's role is to monitor Borosil Scientific's management team and ensure that shareholders' interests are well served. Borosil Scientific'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, Borosil Scientific's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jeevan Dogra | Associate Consumables | Profile | |
| Sanjay Gupta | Company Officer | Profile | |
| Paresh Thaker | Associate Nashik | Profile | |
| Kailash Motwani | Pune Operations | Profile | |
| Prashant Amin | Business Packaging | Profile | |
| Somnath Billur | Chief Officer | Profile |