SBI Cards Correlations

SBICARD Stock

878.65 7.10 0.80%

The current 90-days correlation between SBI Cards and Zee Entertainment Enterprises is -0.06 (i.e., Good diversification). The correlation of SBI Cards 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.

SBI Cards Correlation With Market

Good diversification

The correlation between SBI Cards and 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 SBI Cards and and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with SBI Stock

0.71	TAKE	Take Solutions	Pair Corr
0.92	CUPID	Cupid Limited	Pair Corr
0.76	CENTRALBK	Central Bank	Pair Corr
0.78	CCCL	Consolidated Construction	Pair Corr

Related Correlations Analysis

	ZEEL	SHEMAROO	SAMBHAAV	BGLOBAL	ASTERDM	BTML	ZFCVINDIA	PVSL
ZEEL		0.08	-0.85	-0.71	-0.71	0.23	0.56	-0.45	ZEEL
SHEMAROO	0.08		-0.07	-0.47	-0.47	-0.46	0.07	-0.4	SHEMAROO
SAMBHAAV	-0.85	-0.07		0.69	0.7	-0.32	-0.36	0.36	SAMBHAAV
BGLOBAL	-0.71	-0.47	0.69		0.93	0.29	-0.54	0.81	BGLOBAL
ASTERDM	-0.71	-0.47	0.7	0.93		0.19	-0.52	0.78	ASTERDM
BTML	0.23	-0.46	-0.32	0.29	0.19		-0.23	0.55	BTML
ZFCVINDIA	0.56	0.07	-0.36	-0.54	-0.52	-0.23		-0.72	ZFCVINDIA
PVSL	-0.45	-0.4	0.36	0.81	0.78	0.55	-0.72		PVSL
	ZEEL	SHEMAROO	SAMBHAAV	BGLOBAL	ASTERDM	BTML	ZFCVINDIA	PVSL

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

ASTERDM	+ 0.93	BGLOBAL
PVSL	+ 0.81	BGLOBAL
PVSL	+ 0.78	ASTERDM
ASTERDM	+ 0.7	SAMBHAAV
BGLOBAL	+ 0.69	SAMBHAAV
ZFCVINDIA	+ 0.56	ZEEL

High negative correlations

SAMBHAAV	- 0.85	ZEEL
PVSL	- 0.72	ZFCVINDIA
ASTERDM	- 0.71	ZEEL
BGLOBAL	- 0.71	ZEEL
ZFCVINDIA	- 0.54	BGLOBAL
ZFCVINDIA	- 0.52	ASTERDM

Risk-Adjusted Indicators

There is a big difference between SBI Stock performing well and SBI Cards 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 SBI Cards' 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
ZEEL	1.19	(0.23)	0.00	(0.55)	0.00	0.00	2.48	(2.60)	9.13
SHEMAROO	1.11	0.00	(0.06)	0.08	1.34	(1.21)	2.04	(2.21)	7.11
SAMBHAAV	2.35	0.50	0.16	(2.99)	2.04	(3.83)	7.32	(2.77)	29.84
BGLOBAL	1.01	0.55	0.00	(3.31)	0.00	0.00	4.76	0.00	8.29
ASTERDM	1.39	0.26	0.08	(0.50)	1.17	(1.74)	4.17	(2.25)	8.69
BTML	1.55	0.01	(0.04)	0.15	1.70	(1.93)	4.40	(3.15)	14.04
ZFCVINDIA	1.16	(0.09)	0.00	0.47	0.00	0.00	3.44	(2.73)	7.13
PVSL	1.74	0.24	0.08	1.12	1.66	(1.99)	5.12	(2.28)	11.84

Be your own money manager

Our tools can tell you how much better you can do entering a position in SBI Cards 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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SBI Cards Corporate Management

Elected by the shareholders, the SBI Cards' board of directors comprises two types of representatives: SBI Cards inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SBI. The board's role is to monitor SBI Cards' management team and ensure that shareholders' interests are well served. SBI Cards' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SBI Cards' outside directors are responsible for providing unbiased perspectives on the board's policies.

Monish Vohra	Executive Operations	Profile
Anu Gupta	Executive Collections	Profile
Tarun Sharma	Executive Collections	Profile
Dhananjay Khanna	Senior Officer	Profile
Nandini Malhotra	Executive Officer	Profile

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