Compucom Software Correlations

Stocks . India . 
Stock . Compucom Software Limited
COMPUSOFT   18.09  0.72  3.83%   
The current 90-days correlation between Compucom Software and Zuari Agro Chemicals is 0.6 (i.e., Poor diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Compucom Software moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Compucom Software Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Compucom Software Correlation With Market

CompucomDowDiversified AwayCompucomDowDiversified Away100%

Good diversification

The correlation between Compucom Software Limited and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Compucom Software Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to Compucom Software could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Compucom Software 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 Compucom Software - 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 Compucom Software Limited to buy it.

Moving together with Compucom Stock

  0.75MRF MRF LimitedPairCorr
  0.78NSIL Nalwa Sons InvestmentsPairCorr
  0.93KICL Kalyani InvestmentPairCorr
  0.93PILANIINVS Pilani InvestmentPairCorr
  0.9VHL Vardhman HoldingsPairCorr
  0.89SUMMITSEC Summit SecuritiesPairCorr
  0.8NBIFIN N B IPairCorr

Moving against Compucom Stock

  0.9RAJVIR Rajvir IndustriesPairCorr
  0.84UNIVAFOODS Univa Foods LimitedPairCorr
  0.81RAMANEWS Shree Rama NewsprintPairCorr
  0.55VADILALIND Vadilal IndustriesPairCorr
  0.49ITDCEM ITD Cementation IndiaPairCorr
  0.48HDFCLIFE HDFC Life InsurancePairCorr
  0.42HCG Healthcare GlobalPairCorr
  0.41JSWHL JSW Holdings LimitedPairCorr
  0.33TATACONSUM TATA SUMER PRODUCTSPairCorr

Related Correlations Analysis

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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   
RADIOCITY
+ 0.79
ZUARI
BODALCHEM
+ 0.72
ZUARI
DEEPAKFERT
+ 0.71
BODALCHEM
DEEPAKFERT
+ 0.6
ZUARI
DEEPAKFERT
+ 0.58
RADIOCITY
RADIOCITY
+ 0.57
BODALCHEM
  
High negative correlations   
VISHNU
- 0.64
RADIOCITY
VISHNU
- 0.43
BHAGCHEM
VISHNU
- 0.34
ZUARI
VISHNU
- 0.22
DEEPAKFERT
VISHNU
- 0.21
BODALCHEM

Risk-Adjusted Indicators

There is a big difference between Compucom Stock performing well and Compucom Software 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 Compucom Software'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.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Compucom Software 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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Compucom Software Corporate Management

Elected by the shareholders, the Compucom Software's board of directors comprises two types of representatives: Compucom Software inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Compucom. The board's role is to monitor Compucom Software's management team and ensure that shareholders' interests are well served. Compucom Software'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, Compucom Software's outside directors are responsible for providing unbiased perspectives on the board's policies.
Sanjeev CAChief OfficerProfile
Deepak UpadhyayManager OperationProfile
Nidhi SethiaManager ResourcesProfile
Varsha CSCompany OfficerProfile
Manoj AgarwalTechnical MediaProfile
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