Jash Engineering Correlations
| JASH Stock | 597.95 5.75 0.95% |
The current 90-days correlation between Jash Engineering and Vodafone Idea Limited is 0.17 (i.e., Average diversification). The correlation of Jash Engineering 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. If the correlation is 0, the equities are not correlated; they are entirely random.
Jash Engineering Correlation With Market
Significant diversification
The correlation between Jash Engineering Limited and DJI is 0.06 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jash Engineering Limited and DJI in the same portfolio, assuming nothing else is changed.
Jash |
The ability to find closely correlated positions to Jash Engineering could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jash Engineering 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 Jash Engineering - 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 Jash Engineering Limited to buy it.
Moving together with Jash Stock
Moving against Jash Stock
| 0.82 | TATAMOTORS | Tata Motors Limited | PairCorr |
| 0.73 | RELIANCE | Reliance Industries Split | PairCorr |
| 0.7 | ONGC | Oil Natural Gas | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Jash Stock performing well and Jash Engineering 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 Jash Engineering'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IDEA | 2.55 | (0.80) | 0.00 | (0.49) | 0.00 | 5.73 | 22.43 | |||
| YESBANK | 1.19 | (0.23) | 0.00 | (0.34) | 0.00 | 1.87 | 9.43 | |||
| IOB | 1.86 | (0.11) | 0.00 | (0.03) | 0.00 | 4.27 | 10.33 | |||
| IOC | 1.27 | (0.28) | 0.00 | 3.70 | 0.00 | 1.86 | 9.09 | |||
| SUZLON | 2.04 | (0.37) | 0.00 | (0.37) | 0.00 | 4.99 | 14.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jash Engineering 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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Jash Engineering Corporate Management
Elected by the shareholders, the Jash Engineering's board of directors comprises two types of representatives: Jash Engineering inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jash. The board's role is to monitor Jash Engineering's management team and ensure that shareholders' interests are well served. Jash Engineering'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, Jash Engineering's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ashok Jain | Head Administration | Profile | |
| Dharmendra Jain | General Finance | Profile | |
| Tushar Kharpade | Company Officer | Profile | |
| Durgesh Tiwari | Senior Development | Profile | |
| Bhuvanesh Pandey | Chief Officer | Profile |