Birla Carbon Correlations
| BCT Stock | THB 68.75 2.25 3.38% |
The current 90-days correlation between Birla Carbon Public and AAPICO Hitech Public is -0.13 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Birla Carbon moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Birla Carbon Public moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Birla Carbon Correlation With Market
Average diversification
The correlation between Birla Carbon Public and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Birla Carbon Public and DJI in the same portfolio, assuming nothing else is changed.
Birla |
The ability to find closely correlated positions to Birla Carbon could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Birla Carbon 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 Birla Carbon - 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 Birla Carbon Public to buy it.
Moving together with Birla Stock
Related Correlations Analysis
| -0.74 | 0.78 | 0.17 | -0.67 | IVL | ||
| -0.74 | -0.4 | 0.36 | 0.57 | GIFT | ||
| 0.78 | -0.4 | 0.33 | -0.33 | BLA | ||
| 0.17 | 0.36 | 0.33 | -0.13 | AH | ||
| -0.67 | 0.57 | -0.33 | -0.13 | ASIAN | ||
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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 Birla Stock performing well and Birla Carbon 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 Birla Carbon'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IVL | 1.90 | 0.57 | 0.20 | (2.70) | 1.66 | 5.56 | 15.01 | |||
| GIFT | 2.19 | (0.96) | 0.00 | (2.30) | 0.00 | 4.49 | 16.08 | |||
| BLA | 1.99 | 0.25 | 0.05 | 1.98 | 2.64 | 4.34 | 25.67 | |||
| AH | 1.73 | (0.03) | 0.00 | (0.14) | 0.00 | 3.92 | 13.10 | |||
| ASIAN | 1.49 | (0.17) | 0.00 | (82.43) | 0.00 | 3.89 | 8.38 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Birla Carbon 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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Birla Carbon Corporate Management
Elected by the shareholders, the Birla Carbon's board of directors comprises two types of representatives: Birla Carbon inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Birla. The board's role is to monitor Birla Carbon's management team and ensure that shareholders' interests are well served. Birla Carbon'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, Birla Carbon's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sandeep Kumar | Head Chain | Profile | |
| Wachiraporn Tongon | Chief Accounting Officer | Profile | |
| Rajinderpal Thakralbutra | Independent Director | Profile | |
| Deepak Mittal | Independent Director | Profile | |
| Gopikrishna Tulsian | Independent Director | Profile | |
| Atikan Pinsuk | Head HR | Profile | |
| Rajesh Jha | Company Secretary, IR Contact Officer | Profile |