Federal Bank Correlations

FEDERALBNK

184.96 1.22 0.66%

The current 90-days correlation between Federal Bank and JB Chemicals Pharmaceuticals is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Federal Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if The Federal Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Federal Bank Correlation With Market

Good diversification

The correlation between The Federal Bank and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding The Federal Bank and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Federal Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Federal Bank 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 Federal Bank - 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 The Federal Bank to buy it.

Moving together with Federal Stock

0.8	ASAL	Automotive Stampings and	Pair Corr
0.86	ORISSAMINE	Orissa Minerals	Pair Corr

Related Correlations Analysis

	SPORTKING	JBCHEPHARM	DMCC	TOTAL	SUMICHEM	IMFA	DIAMINESQ	HINDCON
SPORTKING		0.61	0.75	0.69	0.36	0.57	0.44	0.69	SPORTKING
JBCHEPHARM	0.61		0.63	0.48	0.17	0.31	0.09	0.34	JBCHEPHARM
DMCC	0.75	0.63		0.29	-0.06	0.72	-0.04	0.42	DMCC
TOTAL	0.69	0.48	0.29		0.67	0.01	0.71	0.64	TOTAL
SUMICHEM	0.36	0.17	-0.06	0.67		-0.11	0.7	0.63	SUMICHEM
IMFA	0.57	0.31	0.72	0.01	-0.11		0.08	0.42	IMFA
DIAMINESQ	0.44	0.09	-0.04	0.71	0.7	0.08		0.57	DIAMINESQ
HINDCON	0.69	0.34	0.42	0.64	0.63	0.42	0.57		HINDCON
	SPORTKING	JBCHEPHARM	DMCC	TOTAL	SUMICHEM	IMFA	DIAMINESQ	HINDCON

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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

DMCC	+ 0.75	SPORTKING
IMFA	+ 0.72	DMCC
DIAMINESQ	+ 0.71	TOTAL
DIAMINESQ	+ 0.7	SUMICHEM
TOTAL	+ 0.69	SPORTKING
HINDCON	+ 0.69	SPORTKING

High negative correlations

IMFA	- 0.11	SUMICHEM
SUMICHEM	- 0.06	DMCC
DIAMINESQ	- 0.04	DMCC

Risk-Adjusted Indicators

There is a big difference between Federal Stock performing well and Federal Bank 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 Federal Bank'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
SPORTKING	2.48	(0.16)	0.00	(3.59)	0.00	0.00	5.12	(4.53)	18.56
JBCHEPHARM	1.38	(0.07)	0.00	0.46	0.00	0.00	2.89	(3.22)	7.35
DMCC	2.89	0.16	0.02	(1.16)	2.82	(3.74)	8.47	(4.99)	18.67
TOTAL	1.98	(0.25)	0.00	1.40	0.00	0.00	4.99	(4.08)	10.64
SUMICHEM	1.66	(0.07)	0.00	0.23	0.00	0.00	3.27	(2.91)	12.63
IMFA	2.40	0.06	0.00	0.26	3.14	(2.68)	5.20	(4.17)	21.26
DIAMINESQ	1.63	(0.13)	0.00	(0.55)	0.00	0.00	3.54	(2.95)	10.79
HINDCON	2.22	(0.17)	0.00	(0.18)	0.00	0.00	4.94	(4.19)	27.88

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Our tools can tell you how much better you can do entering a position in Federal Bank 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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Federal Bank Corporate Management

Elected by the shareholders, the Federal Bank's board of directors comprises two types of representatives: Federal Bank inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Federal. The board's role is to monitor Federal Bank's management team and ensure that shareholders' interests are well served. Federal Bank'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, Federal Bank's outside directors are responsible for providing unbiased perspectives on the board's policies.

Rajanarayanan	Chief Officer	Profile
Mohan	Micro Agri	Profile
M Murthy	Chief Officer	Profile
Biju K	Senior Officer	Profile
Damodaran C	Chief Officer	Profile
Johnson Jose	Chief Officer	Profile
Samir Rajdev	Senior Secretary	Profile

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