21st Century Correlations
| 21STCENMGM | 85.50 0.15 0.18% |
The current 90-days correlation between 21st Century Management and Hindcon Chemicals Limited is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as 21st Century moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if 21st Century Management moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
21st Century Correlation With Market
Significant diversification
The correlation between 21st Century Management and DJI is 0.09 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding 21st Century Management and DJI in the same portfolio, assuming nothing else is changed.
21st |
The ability to find closely correlated positions to 21st Century could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace 21st Century 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 21st Century - 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 21st Century Management to buy it.
Moving together with 21st Stock
Moving against 21st Stock
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| 0.83 | V2RETAIL | V2 Retail Limited | PairCorr |
| 0.82 | MANINFRA | Man Infraconstruction | PairCorr |
| 0.8 | ABDL | Allied Blenders Dist | PairCorr |
| 0.8 | CANTABIL | Cantabil Retail India | PairCorr |
| 0.7 | ASIANHOTNR | Asian Hotels Limited | PairCorr |
| 0.68 | DATAMATICS | Datamatics Global Earnings Call This Week | PairCorr |
| 0.66 | DIXON | Dixon Technologies | PairCorr |
| 0.64 | ITI | ITI Limited | PairCorr |
| 0.58 | AMIORG | Ami Organics Limited | PairCorr |
| 0.56 | UNIDT | United Drilling Tools | PairCorr |
| 0.51 | MASKINVEST | Mask Investments | PairCorr |
Related Correlations Analysis
| 0.54 | 0.69 | 0.69 | 0.61 | 0.64 | 0.35 | 0.42 | BRNL | ||
| 0.54 | 0.42 | 0.65 | 0.23 | 0.73 | 0.71 | 0.06 | SAMHI | ||
| 0.69 | 0.42 | 0.77 | 0.7 | 0.66 | 0.39 | 0.73 | ADVANIHOTR | ||
| 0.69 | 0.65 | 0.77 | 0.7 | 0.9 | 0.64 | 0.49 | CHAMBLFERT | ||
| 0.61 | 0.23 | 0.7 | 0.7 | 0.64 | 0.11 | 0.65 | HINDCON | ||
| 0.64 | 0.73 | 0.66 | 0.9 | 0.64 | 0.76 | 0.33 | FACT | ||
| 0.35 | 0.71 | 0.39 | 0.64 | 0.11 | 0.76 | -0.01 | INDHOTEL | ||
| 0.42 | 0.06 | 0.73 | 0.49 | 0.65 | 0.33 | -0.01 | APOLSINHOT | ||
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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 21st Stock performing well and 21st Century 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 21st Century'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| BRNL | 1.99 | 0.07 | 0.02 | 0.10 | 2.50 | 4.45 | 20.71 | |||
| SAMHI | 1.70 | (0.09) | 0.00 | (0.78) | 0.00 | 4.36 | 11.56 | |||
| ADVANIHOTR | 1.66 | (0.08) | 0.00 | (0.24) | 0.00 | 3.46 | 12.30 | |||
| CHAMBLFERT | 1.86 | 0.08 | 0.03 | 0.47 | 2.37 | 3.59 | 10.28 | |||
| HINDCON | 2.30 | (0.13) | 0.00 | (0.18) | 0.00 | 4.94 | 27.88 | |||
| FACT | 2.25 | 0.14 | 0.05 | 0.20 | 2.89 | 4.43 | 19.27 | |||
| INDHOTEL | 1.52 | 0.30 | 0.13 | 1.56 | 1.76 | 3.81 | 13.36 | |||
| APOLSINHOT | 1.73 | 0.03 | 0.01 | 8.77 | 2.13 | 2.90 | 13.31 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in 21st Century 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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21st Century Corporate Management
Elected by the shareholders, the 21st Century's board of directors comprises two types of representatives: 21st Century inside directors who are chosen from within the company, and outside directors, selected externally and held independent of 21st. The board's role is to monitor 21st Century's management team and ensure that shareholders' interests are well served. 21st Century'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, 21st Century's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Bhaskar FCA | Chief Officer | Profile | |
| Jaylaxmi MBA | Accounts Manager | Profile | |
| K Vasulu | Investor Manager | Profile | |
| AICWA CS | Compliance Sec | Profile |