Arvind Fashions Correlations
| ARVINDFASN | 505.00 3.30 0.65% |
The current 90-days correlation between Arvind Fashions and Reliance Industries Limited is 0.35 (i.e., Weak diversification). The correlation of Arvind Fashions 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.
Arvind Fashions Correlation With Market
Modest diversification
The correlation between Arvind Fashions Limited and DJI is 0.2 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Arvind Fashions Limited and DJI in the same portfolio, assuming nothing else is changed.
Arvind |
The ability to find closely correlated positions to Arvind Fashions could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Arvind Fashions 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 Arvind Fashions - 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 Arvind Fashions Limited to buy it.
Moving together with Arvind Stock
Moving against Arvind Stock
| 0.86 | MANAKCOAT | Manaksia Coated Metals | PairCorr |
| 0.77 | ABDL | Allied Blenders Dist | PairCorr |
| 0.76 | ITI | ITI Limited | PairCorr |
| 0.75 | ASALCBR | Associated Alcohols Earnings Call This Week | PairCorr |
| 0.72 | MANINFRA | Man Infraconstruction | PairCorr |
| 0.71 | V2RETAIL | V2 Retail Limited | PairCorr |
| 0.69 | CANTABIL | Cantabil Retail India | PairCorr |
| 0.67 | ASIANHOTNR | Asian Hotels Limited | PairCorr |
| 0.66 | DIXON | Dixon Technologies | PairCorr |
| 0.62 | DATAMATICS | Datamatics Global Earnings Call This Week | PairCorr |
| 0.58 | MASKINVEST | Mask Investments | PairCorr |
| 0.56 | UNIDT | United Drilling Tools | PairCorr |
| 0.5 | AMIORG | Ami Organics Limited | PairCorr |
| 0.32 | TCS | Tata Consultancy Services | PairCorr |
Related Correlations Analysis
| 0.27 | -0.06 | 0.76 | 0.88 | -0.14 | RELIANCE | ||
| 0.27 | 0.8 | -0.07 | 0.27 | 0.47 | SBIN | ||
| -0.06 | 0.8 | -0.34 | -0.05 | 0.63 | HDFCBANK | ||
| 0.76 | -0.07 | -0.34 | 0.58 | -0.12 | ONGC | ||
| 0.88 | 0.27 | -0.05 | 0.58 | -0.33 | COALINDIA | ||
| -0.14 | 0.47 | 0.63 | -0.12 | -0.33 | TCS | ||
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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 Arvind Stock performing well and Arvind Fashions 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 Arvind Fashions' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCE | 1.04 | (0.06) | 0.00 | (0.17) | 0.00 | 1.99 | 6.12 | |||
| SBIN | 1.22 | (0.08) | 0.00 | (0.20) | 0.00 | 2.56 | 7.90 | |||
| HDFCBANK | 0.92 | (0.05) | 0.00 | (0.29) | 0.00 | 2.18 | 5.51 | |||
| ONGC | 1.37 | (0.05) | 0.00 | (0.60) | 0.00 | 2.98 | 8.21 | |||
| COALINDIA | 1.22 | (0.37) | 0.00 | (3.19) | 0.00 | 1.75 | 6.08 | |||
| TCS | 1.04 | 0.03 | 0.01 | 0.09 | 1.27 | 2.52 | 7.29 |
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Arvind Fashions Corporate Management
Elected by the shareholders, the Arvind Fashions' board of directors comprises two types of representatives: Arvind Fashions inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Arvind. The board's role is to monitor Arvind Fashions' management team and ensure that shareholders' interests are well served. Arvind Fashions' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Arvind Fashions' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Lipi Jha | Company Officer | Profile | |
| Anindya Ray | Chief Officer | Profile | |
| Tushar Jindal | Head Sustainability | Profile | |
| C Shekar | Chief UNLIMITED | Profile | |
| Sumit Dhingra | Chief Division | Profile | |
| Piyush Gupta | Chief Officer | Profile |