Aries Agro Correlations
| ARIES Stock | 330.15 11.40 3.58% |
The current 90-days correlation between Aries Agro Limited and Vibhor Steel Tubes is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Aries Agro moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Aries Agro Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Aries Agro Correlation With Market
Average diversification
The correlation between Aries Agro Limited and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Aries Agro Limited and DJI in the same portfolio, assuming nothing else is changed.
Aries |
The ability to find closely correlated positions to Aries Agro could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Aries Agro 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 Aries Agro - 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 Aries Agro Limited to buy it.
Moving against Aries Stock
| 0.75 | EMBASSY-RR | Embassy Office Parks | PairCorr |
| 0.75 | GUJALKALI | Gujarat Alkalies | PairCorr |
| 0.56 | BHARTIARTL | Bharti Airtel Limited | PairCorr |
Related Correlations Analysis
| 0.69 | 0.81 | 0.58 | 0.03 | 0.45 | 0.77 | JINDALSTEL | ||
| 0.69 | 0.6 | 0.41 | 0.03 | 0.14 | 0.47 | VSTL | ||
| 0.81 | 0.6 | 0.67 | 0.34 | 0.24 | 0.66 | VRAJ | ||
| 0.58 | 0.41 | 0.67 | 0.62 | 0.13 | 0.71 | RAMASTEEL | ||
| 0.03 | 0.03 | 0.34 | 0.62 | -0.24 | 0.13 | STEELCAS | ||
| 0.45 | 0.14 | 0.24 | 0.13 | -0.24 | 0.32 | FCSSOFT | ||
| 0.77 | 0.47 | 0.66 | 0.71 | 0.13 | 0.32 | ZENITHSTL | ||
| 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
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Risk-Adjusted Indicators
There is a big difference between Aries Stock performing well and Aries Agro 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 Aries Agro'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| JINDALSTEL | 1.39 | (0.19) | 0.00 | (0.43) | 0.00 | 2.33 | 7.97 | |||
| VSTL | 1.87 | (0.16) | 0.00 | (0.79) | 0.00 | 4.59 | 14.55 | |||
| VRAJ | 2.15 | (0.04) | (0.04) | 0.02 | 2.33 | 5.46 | 21.92 | |||
| RAMASTEEL | 3.14 | 0.42 | 0.09 | (53.46) | 3.15 | 9.94 | 30.03 | |||
| STEELCAS | 2.14 | 0.39 | 0.10 | (1.26) | 2.13 | 5.10 | 15.44 | |||
| FCSSOFT | 1.88 | (0.06) | 0.00 | (0.53) | 0.00 | 5.52 | 16.67 | |||
| ZENITHSTL | 1.92 | 0.05 | (0.03) | 1.33 | 2.07 | 4.94 | 10.03 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Aries Agro 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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Aries Agro Corporate Management
Elected by the shareholders, the Aries Agro's board of directors comprises two types of representatives: Aries Agro inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Aries. The board's role is to monitor Aries Agro's management team and ensure that shareholders' interests are well served. Aries Agro'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, Aries Agro's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Qaiser Ansari | Chief Secretary | Profile | |
| Santosh Pandey | Head Operations | Profile | |
| Devendra Tiwari | Joint Operations | Profile | |
| Arun Tiwari | Head Operations | Profile | |
| Rajendra Pathre | Senior Taxation | Profile | |
| Rajesh Gupta | Joint Marketing | Profile |