State Trading Correlations
| STCINDIA | 117.67 0.67 0.57% |
The current 90-days correlation between State Trading and FCS Software Solutions is 0.23 (i.e., Modest diversification). The correlation of State Trading 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.
State Trading Correlation With Market
Modest diversification
The correlation between The State Trading and DJI is 0.27 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The State Trading and DJI in the same portfolio, assuming nothing else is changed.
State |
The ability to find closely correlated positions to State Trading could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace State Trading 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 State Trading - 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 The State Trading to buy it.
Moving together with State Stock
Moving against State Stock
| 0.83 | HCG | Healthcare Global | PairCorr |
| 0.74 | GAYAHWS | Gayatri Highways | PairCorr |
| 0.69 | ZOTA | Zota Health Care | PairCorr |
| 0.68 | ASHAPURMIN | Ashapura Minechem | PairCorr |
| 0.66 | MANGCHEFER | Mangalore Chemicals | PairCorr |
| 0.64 | DMCC | DMCC SPECIALITY CHEMICALS | PairCorr |
| 0.6 | FORCEMOT | FORCE MOTORS LTD | PairCorr |
| 0.57 | HYUNDAI | Hyundai Motor India | PairCorr |
| 0.55 | RADICO | Radico Khaitan | PairCorr |
| 0.48 | HDFCBANK | HDFC Bank Limited | PairCorr |
| 0.42 | INDIGRID-IV | India Grid Trust | PairCorr |
| 0.41 | MOTILALOFS | Motilal Oswal Financial | PairCorr |
| 0.41 | CREDITACC | CREDITACCESS GRAMEEN | PairCorr |
| 0.39 | BIOCON | Biocon Limited | PairCorr |
| 0.38 | ICICIBANK | ICICI Bank Limited | PairCorr |
| 0.8 | SUMICHEM | Sumitomo Chemical India | PairCorr |
| 0.65 | ACUTAAS | ACUTAAS CHEMICALS LTD | PairCorr |
| 0.64 | FORTIS | Fortis Healthcare | PairCorr |
| 0.63 | DALBHARAT | Dalmia Bharat Limited | PairCorr |
| 0.62 | ARVINDFASN | Arvind Fashions | PairCorr |
| 0.57 | SUDARSCHEM | Sudarshan Chemical | PairCorr |
| 0.53 | SHREEPUSHK | Shree Pushkar Chemicals | PairCorr |
| 0.51 | NETWEB | Netweb Technologies India | PairCorr |
| 0.47 | HEALTHADD | HEALTHADD | PairCorr |
| 0.46 | TNTELE | Tamilnadu Telecommunicatio | PairCorr |
| 0.42 | SBISILVER | SBISILVER | PairCorr |
| 0.42 | TAINWALCHM | Tainwala Chemical | 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 State Stock performing well and State Trading 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 State Trading'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HISARMETAL | 1.42 | (0.09) | 0.00 | 0.44 | 0.00 | 2.72 | 10.74 | |||
| IMFA | 1.65 | 0.38 | 0.17 | 1.45 | 1.50 | 4.87 | 11.63 | |||
| CAMS | 1.36 | 0.07 | (0.01) | 1.19 | 1.65 | 3.80 | 8.44 | |||
| FCSSOFT | 1.15 | (0.23) | 0.00 | (0.39) | 0.00 | 3.66 | 8.33 | |||
| RSSOFTWARE | 2.23 | 0.46 | 0.16 | 0.71 | 2.28 | 4.99 | 10.00 | |||
| RAJMET | 1.85 | (0.10) | 0.00 | (2.44) | 0.00 | 4.87 | 10.12 | |||
| KAYNES | 1.52 | 0.02 | 0.00 | 0.06 | 0.00 | 3.88 | 14.12 | |||
| TCI | 0.84 | 0.01 | (0.09) | (0.04) | 0.96 | 1.69 | 9.25 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in State Trading 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 Theme Ratings Now
Theme RatingsDetermine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance |
| All Next | Launch Module |
State Trading Corporate Management
Elected by the shareholders, the State Trading's board of directors comprises two types of representatives: State Trading inside directors who are chosen from within the company, and outside directors, selected externally and held independent of State. The board's role is to monitor State Trading's management team and ensure that shareholders' interests are well served. State Trading'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, State Trading's outside directors are responsible for providing unbiased perspectives on the board's policies.
| B Dhawan | Chief Fin | Profile | |
| Suresh Meena | Joint Manager | Profile | |
| Bura Rao | Chief Accounts | Profile | |
| H Girish | Managing Limited | Profile | |
| Vipin Tripathi | Company Officer | Profile |