AGI Greenpac Correlations

AGI Stock

1,052 93.00 9.69%

The current 90-days correlation between AGI Greenpac Limited and ROUTE MOBILE LIMITED is 0.18 (i.e., Average diversification). The correlation of AGI Greenpac 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.

AGI Greenpac Correlation With Market

Average diversification

The correlation between AGI Greenpac Limited and DJI is 0.15 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding AGI Greenpac Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Related Correlations Analysis

	SILINV	JPOLYINVST	IITL	PAYTM	THEINVEST	IVC	ROUTE	DHUNINV
SILINV		0.37	0.69	0.62	0.62	-0.55	-0.67	0.25	SILINV
JPOLYINVST	0.37		0.41	0.46	-0.04	-0.27	-0.41	0.21	JPOLYINVST
IITL	0.69	0.41		0.88	0.63	-0.51	-0.91	0.29	IITL
PAYTM	0.62	0.46	0.88		0.66	-0.51	-0.77	0.44	PAYTM
THEINVEST	0.62	-0.04	0.63	0.66		-0.44	-0.57	0.33	THEINVEST
IVC	-0.55	-0.27	-0.51	-0.51	-0.44		0.59	-0.32	IVC
ROUTE	-0.67	-0.41	-0.91	-0.77	-0.57	0.59		-0.06	ROUTE
DHUNINV	0.25	0.21	0.29	0.44	0.33	-0.32	-0.06		DHUNINV
	SILINV	JPOLYINVST	IITL	PAYTM	THEINVEST	IVC	ROUTE	DHUNINV

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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

PAYTM	+ 0.88	IITL
IITL	+ 0.69	SILINV
THEINVEST	+ 0.66	PAYTM
THEINVEST	+ 0.63	IITL
PAYTM	+ 0.62	SILINV
THEINVEST	+ 0.62	SILINV

High negative correlations

ROUTE	- 0.91	IITL
ROUTE	- 0.77	PAYTM
ROUTE	- 0.67	SILINV
ROUTE	- 0.57	THEINVEST
IVC	- 0.55	SILINV
IVC	- 0.51	PAYTM

Risk-Adjusted Indicators

There is a big difference between AGI Stock performing well and AGI Greenpac 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 AGI Greenpac'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
SILINV	2.60	0.37	0.06	(0.88)	3.07	(3.27)	5.00	(5.83)	29.98
JPOLYINVST	2.07	0.19	0.03	(3.02)	2.06	(2.82)	5.88	(3.43)	24.47
IITL	1.65	0.81	0.37	(2.71)	1.08	(2.16)	4.81	(2.00)	8.50
PAYTM	2.91	0.75	0.24	2.45	2.52	(3.69)	6.62	(4.62)	20.59
THEINVEST	2.11	0.22	0.03	(0.61)	2.22	(2.51)	5.00	(4.14)	10.00
IVC	1.65	(0.26)	0.00	(0.40)	0.00	0.00	3.57	(4.34)	11.54
ROUTE	1.02	(0.14)	0.00	(0.79)	0.00	0.00	1.81	(2.15)	6.80
DHUNINV	3.37	0.66	0.14	5.11	3.56	(3.90)	8.37	(7.54)	28.26

Be your own money manager

Our tools can tell you how much better you can do entering a position in AGI Greenpac 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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AGI Greenpac Corporate Management

Elected by the shareholders, the AGI Greenpac's board of directors comprises two types of representatives: AGI Greenpac inside directors who are chosen from within the company, and outside directors, selected externally and held independent of AGI. The board's role is to monitor AGI Greenpac's management team and ensure that shareholders' interests are well served. AGI Greenpac'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, AGI Greenpac's outside directors are responsible for providing unbiased perspectives on the board's policies.

Govind Rai	Senior Resource	Profile
Om Pandey	Chief Officer	Profile
Ompal	Company Officer	Profile
Pulkit Bhasin	Company Officer	Profile

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