Amber Enterprises Correlations
| AMBER Stock | 6,018 33.35 0.55% |
The current 90-days correlation between Amber Enterprises India and Electrosteel Castings Limited is 0.2 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amber Enterprises moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amber Enterprises India moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Amber Enterprises Correlation With Market
Good diversification
The correlation between Amber Enterprises India and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Amber Enterprises India and DJI in the same portfolio, assuming nothing else is changed.
Amber |
The ability to find closely correlated positions to Amber Enterprises could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amber Enterprises 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 Amber Enterprises - 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 Amber Enterprises India to buy it.
Moving against Amber Stock
Related Correlations Analysis
| 0.63 | 0.51 | 0.86 | -0.37 | 0.3 | 0.86 | -0.26 | HITECH | ||
| 0.63 | 0.18 | 0.69 | -0.21 | 0.09 | 0.62 | -0.75 | HITECHGEAR | ||
| 0.51 | 0.18 | 0.35 | -0.3 | 0.31 | 0.26 | 0.08 | RCOM | ||
| 0.86 | 0.69 | 0.35 | -0.46 | 0.03 | 0.86 | -0.43 | ELECTCAST | ||
| -0.37 | -0.21 | -0.3 | -0.46 | 0.18 | -0.31 | 0.31 | CAMS | ||
| 0.3 | 0.09 | 0.31 | 0.03 | 0.18 | 0.4 | 0.42 | JSWSTEEL | ||
| 0.86 | 0.62 | 0.26 | 0.86 | -0.31 | 0.4 | -0.2 | JINDALSTEL | ||
| -0.26 | -0.75 | 0.08 | -0.43 | 0.31 | 0.42 | -0.2 | VISASTEEL | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 Amber Stock performing well and Amber Enterprises 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 Amber Enterprises' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HITECH | 1.80 | (0.17) | 0.00 | 0.70 | 0.00 | 3.88 | 11.04 | |||
| HITECHGEAR | 1.98 | (0.38) | 0.00 | (0.28) | 0.00 | 3.88 | 9.25 | |||
| RCOM | 1.55 | (0.35) | 0.00 | (0.99) | 0.00 | 4.68 | 10.23 | |||
| ELECTCAST | 2.30 | (0.51) | 0.00 | (1.03) | 0.00 | 3.98 | 19.26 | |||
| CAMS | 1.79 | 0.22 | 0.07 | 0.64 | 2.09 | 3.88 | 12.59 | |||
| JSWSTEEL | 1.17 | 0.01 | (0.04) | 0.15 | 1.17 | 2.92 | 7.13 | |||
| JINDALSTEL | 1.41 | (0.11) | 0.00 | (0.15) | 0.00 | 2.33 | 7.97 | |||
| VISASTEEL | 2.17 | 0.77 | 0.10 | (0.64) | 1.87 | 5.00 | 11.86 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Amber Enterprises 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 Crypto Correlations Now
Crypto CorrelationsUse cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins |
| All Next | Launch Module |
Amber Enterprises Corporate Management
Elected by the shareholders, the Amber Enterprises' board of directors comprises two types of representatives: Amber Enterprises inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Amber. The board's role is to monitor Amber Enterprises' management team and ensure that shareholders' interests are well served. Amber Enterprises' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Amber Enterprises' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sachin Gupta | Chief Division | Profile | |
| Sanjay Arora | Chief Division | Profile | |
| Sakshi Gupta | Company Secretary | Profile | |
| Udaiveer Singh | Chief Application | Profile | |
| Konica Yadav | Compliance Officer | Profile |