Hatsun Agro Correlations

HATSUN Stock

1,071 3.20 0.30%

The current 90-days correlation between Hatsun Agro Product and Aster DM Healthcare is -0.06 (i.e., Good diversification). The correlation of Hatsun Agro 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.

Hatsun Agro Correlation With Market

Good diversification

The correlation between Hatsun Agro Product and DJI is -0.14 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hatsun Agro Product and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Hatsun 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 Hatsun 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 Hatsun 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 Hatsun Agro Product to buy it.

Moving together with Hatsun Stock

0.84	RELIANCE	Reliance Industries Split	Pair Corr
0.88	ONGC	Oil Natural Gas	Pair Corr
0.83	PFC	Power FinanceLimited	Pair Corr
0.8	IOC	Indian OilLimited	Pair Corr

Moving against Hatsun Stock

0.63

HDFCBANK

HDFC Bank Limited

Pair Corr

Related Correlations Analysis

	DEVIT	ASTERDM	YATHARTH	BAJAJHCARE	GICRE	LICI	APOLLOHOSP	SBILIFE
DEVIT		0.47	0.38	0.08	-0.21	-0.63	0.17	-0.65	DEVIT
ASTERDM	0.47		0.73	-0.16	-0.43	-0.71	0.24	-0.76	ASTERDM
YATHARTH	0.38	0.73		-0.42	-0.51	-0.78	0.21	-0.7	YATHARTH
BAJAJHCARE	0.08	-0.16	-0.42		0.58	0.39	0.05	0.11	BAJAJHCARE
GICRE	-0.21	-0.43	-0.51	0.58		0.72	0.1	0.58	GICRE
LICI	-0.63	-0.71	-0.78	0.39	0.72		-0.09	0.88	LICI
APOLLOHOSP	0.17	0.24	0.21	0.05	0.1	-0.09		0.02	APOLLOHOSP
SBILIFE	-0.65	-0.76	-0.7	0.11	0.58	0.88	0.02		SBILIFE
	DEVIT	ASTERDM	YATHARTH	BAJAJHCARE	GICRE	LICI	APOLLOHOSP	SBILIFE

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

SBILIFE	+ 0.88	LICI
YATHARTH	+ 0.73	ASTERDM
LICI	+ 0.72	GICRE
GICRE	+ 0.58	BAJAJHCARE
SBILIFE	+ 0.58	GICRE
ASTERDM	+ 0.47	DEVIT

High negative correlations

LICI	- 0.78	YATHARTH
SBILIFE	- 0.76	ASTERDM
LICI	- 0.71	ASTERDM
SBILIFE	- 0.7	YATHARTH
SBILIFE	- 0.65	DEVIT
LICI	- 0.63	DEVIT

Risk-Adjusted Indicators

There is a big difference between Hatsun Stock performing well and Hatsun 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 Hatsun 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
DEVIT	2.56	0.38	0.10	5.15	2.38	(3.21)	7.13	(4.32)	20.56
ASTERDM	1.30	0.28	0.10	(2.77)	1.28	(1.52)	2.18	(2.18)	12.56
YATHARTH	2.03	0.27	0.06	(3.51)	2.13	(2.49)	4.90	(4.38)	15.24
BAJAJHCARE	1.79	(0.09)	0.00	(0.06)	0.00	0.00	4.09	(4.01)	10.48
GICRE	1.72	0.00	(0.04)	0.09	2.39	(1.79)	3.67	(4.80)	10.79
LICI	1.06	(0.19)	0.00	1.25	0.00	0.00	2.08	(2.52)	6.71
APOLLOHOSP	0.93	(0.02)	(0.07)	0.07	1.19	(0.96)	2.23	(1.92)	10.14
SBILIFE	1.10	(0.21)	0.00	0.64	0.00	0.00	2.11	(2.91)	7.37

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hatsun 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?

Run FinTech Suite Now

FinTech Suite

Use AI to screen and filter profitable investment opportunities

All Next

Launch Module

Hatsun Agro Corporate Management

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

P Kumar	VP Assurance	Profile
Prasanna Venkatesh	VP Marketing	Profile
Ramachandran	Chief Officer	Profile
Gopalan Somasundaram	Company Officer	Profile
Muthusamy	Associate Resources	Profile
John Neizent	Specialist Devel	Profile

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC