GTL Infrastructure Correlations
| GTLINFRA | 1.29 0.01 0.77% |
The current 90-days correlation between GTL Infrastructure and KIOCL Limited is 0.21 (i.e., Modest diversification). The correlation of GTL Infrastructure 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.
GTL Infrastructure Correlation With Market
Good diversification
The correlation between GTL Infrastructure Limited and DJI is -0.11 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding GTL Infrastructure Limited and DJI in the same portfolio, assuming nothing else is changed.
GTL |
The ability to find closely correlated positions to GTL Infrastructure could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace GTL Infrastructure 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 GTL Infrastructure - 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 GTL Infrastructure Limited to buy it.
Moving together with GTL Stock
Moving against GTL Stock
| 0.89 | LTF | LT Finance Limited | PairCorr |
| 0.88 | LTIM | LTIMindtree Limited | PairCorr |
| 0.87 | DCBBANK | DCB Bank Limited | PairCorr |
| 0.83 | GLOBAL | Global Education | PairCorr |
| 0.82 | PSUBANKADD | PSUBANKADD | PairCorr |
| 0.74 | ZOTA | Zota Health Care | PairCorr |
| 0.71 | NUVAMA | Nuvama Wealth | PairCorr |
| 0.69 | COFORGE | Coforge Limited | PairCorr |
| 0.68 | PARAGMILK | Parag Milk Foods | PairCorr |
| 0.64 | SALONA | Salona Cotspin | PairCorr |
| 0.64 | NEULANDLAB | Neuland Laboratories | PairCorr |
| 0.53 | MEP | MEP Infrastructure | PairCorr |
| 0.51 | TCS | Tata Consultancy Services | PairCorr |
| 0.45 | MCLEODRUSS | Mcleod Russel India | PairCorr |
| 0.45 | INFY | Infosys Limited | PairCorr |
| 0.41 | VSTTILLERS | VST Tillers Tractors | PairCorr |
| 0.39 | JSWHL | JSW Holdings Limited | PairCorr |
| 0.38 | HINDCOPPER | Hindustan Copper | PairCorr |
| 0.92 | SBC | SBC Exports Limited | PairCorr |
| 0.89 | MAHASTEEL | Mahamaya Steel Industries | PairCorr |
| 0.87 | ASAHIINDIA | Asahi India Glass | PairCorr |
| 0.87 | TMB | Tamilnad Mercantile Bank | PairCorr |
| 0.82 | LT | Larsen Toubro Limited | PairCorr |
| 0.79 | CARTRADE | Cartrade Tech Limited | PairCorr |
| 0.77 | UPL | UPL Limited | PairCorr |
| 0.75 | CHENNPETRO | Chennai Petroleum | PairCorr |
| 0.75 | INDOTHAI | Indo Thai Securities | PairCorr |
| 0.71 | GOKEX | Gokaldas Exports | PairCorr |
| 0.69 | IDFCFIRSTB | IDFC First Bank | PairCorr |
| 0.68 | EMBASSY | EMBASSY OFFICE PARKS | PairCorr |
| 0.65 | TARAPUR | Tarapur Transformers | PairCorr |
Related Correlations Analysis
| -0.04 | -0.02 | -0.11 | 0.04 | UEL | ||
| -0.04 | 0.58 | 0.26 | 0.81 | HMT | ||
| -0.02 | 0.58 | 0.46 | 0.59 | KIOCL | ||
| -0.11 | 0.26 | 0.46 | 0.05 | ITI | ||
| 0.04 | 0.81 | 0.59 | 0.05 | RAJRILTD | ||
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 GTL Stock performing well and GTL Infrastructure 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 GTL Infrastructure'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| UEL | 24.64 | 11.55 | 0.34 | 22.81 | 11.01 | 5.00 | 888.33 | |||
| HMT | 1.56 | (0.30) | 0.00 | (0.75) | 0.00 | 3.69 | 9.80 | |||
| KIOCL | 2.91 | (0.29) | 0.00 | 2.89 | 0.00 | 5.00 | 29.88 | |||
| ITI | 1.47 | (0.07) | 0.00 | (0.05) | 0.00 | 3.52 | 15.34 | |||
| RAJRILTD | 1.20 | (0.26) | 0.00 | (9.71) | 0.00 | 1.98 | 4.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in GTL Infrastructure 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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GTL Infrastructure Corporate Management
Elected by the shareholders, the GTL Infrastructure's board of directors comprises two types of representatives: GTL Infrastructure inside directors who are chosen from within the company, and outside directors, selected externally and held independent of GTL. The board's role is to monitor GTL Infrastructure's management team and ensure that shareholders' interests are well served. GTL Infrastructure'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, GTL Infrastructure's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bhupendra Kiny | Head Costing | Profile | |
| Milind Bengali | Chief Officer | Profile | |
| Eugene Valles | Vice Resources | Profile | |
| Ajit Shanbhag | Chief Officer | Profile |