Albert David Correlations

ALBERTDAVD

1,173 23.25 2.02%

The current 90-days correlation between Albert David Limited and DJ Mediaprint Logistics is -0.11 (i.e., Good diversification). The correlation of Albert David 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.

Albert David Correlation With Market

Good diversification

The correlation between Albert David Limited and DJI 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 Albert David Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with Albert Stock

0.67	SBIN	State Bank Earnings Call Tomorrow	Pair Corr
0.69	RECLTD	REC Limited	Pair Corr

Related Correlations Analysis

	ZEEL	DJML	UTIAMC	CAMS	SHEMAROO	BGLOBAL	SAMBHAAV	WESTLIFE
ZEEL		0.6	0.63	0.82	0.78	-0.02	0.07	0.68	ZEEL
DJML	0.6		0.16	0.57	0.24	0.63	0.75	0.73	DJML
UTIAMC	0.63	0.16		0.78	0.78	-0.43	-0.29	0.4	UTIAMC
CAMS	0.82	0.57	0.78		0.83	-0.15	0.07	0.71	CAMS
SHEMAROO	0.78	0.24	0.78	0.83		-0.49	-0.32	0.5	SHEMAROO
BGLOBAL	-0.02	0.63	-0.43	-0.15	-0.49		0.83	0.17	BGLOBAL
SAMBHAAV	0.07	0.75	-0.29	0.07	-0.32	0.83		0.51	SAMBHAAV
WESTLIFE	0.68	0.73	0.4	0.71	0.5	0.17	0.51		WESTLIFE
	ZEEL	DJML	UTIAMC	CAMS	SHEMAROO	BGLOBAL	SAMBHAAV	WESTLIFE

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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

SHEMAROO	+ 0.83	CAMS
SAMBHAAV	+ 0.83	BGLOBAL
CAMS	+ 0.82	ZEEL
SHEMAROO	+ 0.78	ZEEL
CAMS	+ 0.78	UTIAMC
SHEMAROO	+ 0.78	UTIAMC

High negative correlations

BGLOBAL	- 0.49	SHEMAROO
BGLOBAL	- 0.43	UTIAMC
SAMBHAAV	- 0.32	SHEMAROO
SAMBHAAV	- 0.29	UTIAMC
BGLOBAL	- 0.15	CAMS
BGLOBAL	- 0.02	ZEEL

Risk-Adjusted Indicators

There is a big difference between Albert Stock performing well and Albert David 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 Albert David'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
ZEEL	1.97	(0.22)	0.00	(0.49)	0.00	0.00	4.91	(4.50)	12.87
DJML	2.58	0.29	0.07	1.95	2.88	(2.81)	6.10	(5.00)	13.31
UTIAMC	2.05	(0.26)	0.00	(0.77)	0.00	0.00	3.86	(5.21)	13.81
CAMS	1.94	(0.25)	0.00	(0.54)	0.00	0.00	3.53	(4.78)	11.68
SHEMAROO	1.95	(0.16)	0.00	(0.24)	0.00	0.00	5.14	(3.78)	10.99
BGLOBAL	1.40	0.68	0.00	(2.95)	0.00	0.00	4.90	0.00	10.04
SAMBHAAV	3.06	0.32	0.07	0.82	3.20	(4.25)	9.88	(5.10)	24.85
WESTLIFE	1.58	(0.07)	0.00	(0.17)	0.00	0.00	3.28	(2.76)	9.47

Be your own money manager

Our tools can tell you how much better you can do entering a position in Albert David 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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Albert David Corporate Management

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

Ranadeep Bhattacharya	Chief Officer	Profile
Neogi	Associate Assurance	Profile
Adi Chattopadhyay	Corporate Resource	Profile
Indrajit Dhar	Associate Taxation	Profile
Chandra Thakur	Head Ghaziabad	Profile

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