Indian Railway Correlations
| IRFC Stock | 169.00 11.35 7.20% |
The correlation of Indian Railway 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 perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Indian Railway moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Indian Railway Finance moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Good diversification
The correlation between Indian Railway Finance and NYA is -0.04 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Indian Railway Finance and NYA in the same portfolio, assuming nothing else is changed.
Indian |
The ability to find closely correlated positions to Indian Railway could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Indian Railway 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 Indian Railway - 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 Indian Railway Finance to buy it.
Related Correlations Analysis
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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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Indian Stock performing well and Indian Railway 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 Indian Railway'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.55 | (0.12) | (0.03) | 0.01 | 2.47 | 3.21 | 14.43 | |||
| MSFT | 0.95 | (0.06) | (0.04) | 0.04 | 1.14 | 2.22 | 5.87 | |||
| UBER | 1.47 | (0.42) | 0.00 | (0.17) | 0.00 | 2.64 | 9.02 | |||
| F | 1.36 | (0.14) | (0.03) | 0.02 | 1.81 | 2.84 | 10.93 | |||
| T | 0.75 | 0.03 | (0.03) | 0.19 | 0.88 | 1.61 | 4.04 | |||
| A | 1.20 | 0.11 | 0.11 | 0.16 | 1.14 | 2.74 | 6.31 | |||
| CRM | 1.16 | (0.15) | 0.00 | (0.01) | 0.00 | 2.64 | 10.84 | |||
| JPM | 0.79 | 0.12 | 0.09 | 0.18 | 1.21 | 1.94 | 8.65 | |||
| MRK | 0.68 | 0.01 | (0.03) | 0.10 | 0.66 | 2.20 | 6.69 | |||
| XOM | 0.76 | 0.22 | 0.19 | 0.53 | 0.61 | 1.96 | 5.63 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Indian Railway 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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Indian Railway Corporate Management
Elected by the shareholders, the Indian Railway's board of directors comprises two types of representatives: Indian Railway inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Indian. The board's role is to monitor Indian Railway's management team and ensure that shareholders' interests are well served. Indian Railway'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, Indian Railway's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sanjay Jain | Chief Officer | Profile | |
| Sanjeev Jain | Chief Officer | Profile | |
| Swachhand | Deputy Officer | Profile | |
| Pranav Mallick | PartTime Officer | Profile |
Already Invested in Indian Railway Finance?
The danger of trading Indian Railway Finance is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Indian Railway is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Indian Railway. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Indian Railway Finance is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Indian Railway Finance. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.
Complementary Tools for Indian Stock analysis
When running Indian Railway's price analysis, check to measure Indian Railway's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Indian Railway is operating at the current time. Most of Indian Railway's value examination focuses on studying past and present price action to predict the probability of Indian Railway's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Indian Railway's price. Additionally, you may evaluate how the addition of Indian Railway to your portfolios can decrease your overall portfolio volatility.
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