InterGlobe Aviation Correlations

INDIGO Stock   4,511  9.30  0.21%   
The current 90-days correlation between InterGlobe Aviation and Bharti Airtel Limited is 0.08 (i.e., Significant diversification). The correlation of InterGlobe Aviation 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.

InterGlobe Aviation Correlation With Market

InterGlobeDowDiversified AwayInterGlobeDowDiversified Away100%

Average diversification

The correlation between InterGlobe Aviation Limited and DJI is 0.11 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding InterGlobe Aviation Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to InterGlobe Aviation could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace InterGlobe Aviation 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 InterGlobe Aviation - 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 InterGlobe Aviation Limited to buy it.

Moving together with InterGlobe Stock

  0.64HDFCBANK HDFC Bank LimitedPairCorr

Moving against InterGlobe Stock

  0.45ONGC Oil Natural GasPairCorr
  0.43BRITANNIA Britannia IndustriesPairCorr
  0.42APOLLO Apollo Micro SystemsPairCorr
  0.36MBAPL Madhya Bharat AgroPairCorr
  0.31BIOCON Biocon LimitedPairCorr

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   
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High negative correlations   
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BHARTIARTLRELIANCE

Risk-Adjusted Indicators

There is a big difference between InterGlobe Stock performing well and InterGlobe Aviation 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 InterGlobe Aviation'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 InterGlobe Aviation 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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InterGlobe Aviation Corporate Management

Elected by the shareholders, the InterGlobe Aviation's board of directors comprises two types of representatives: InterGlobe Aviation inside directors who are chosen from within the company, and outside directors, selected externally and held independent of InterGlobe. The board's role is to monitor InterGlobe Aviation's management team and ensure that shareholders' interests are well served. InterGlobe Aviation'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, InterGlobe Aviation's outside directors are responsible for providing unbiased perspectives on the board's policies.
Vinay MalhotraHead SalesProfile
Gaurav NegiChief OfficerProfile
Ankur GoelAssociate RelationsProfile
Isidro OreaChief OfficerProfile
Petrus ElbersChief OfficerProfile
Sukhjit PasrichaGroup OfficerProfile

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