JM Financial Correlations
| JMFINANCIL | 132.98 1.07 0.81% |
The current 90-days correlation between JM Financial Limited and Kingfa Science Technology is 0.45 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as JM Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if JM Financial Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
JM Financial Correlation With Market
Significant diversification
The correlation between JM Financial Limited and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JM Financial Limited and DJI in the same portfolio, assuming nothing else is changed.
JMFINANCIL |
The ability to find closely correlated positions to JM Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace JM Financial 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 JM Financial - 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 JM Financial Limited to buy it.
Moving against JMFINANCIL Stock
| 0.64 | LICI | Life Insurance | PairCorr |
| 0.57 | ONGC | Oil Natural Gas | PairCorr |
| 0.49 | RELIANCE | Reliance Industries Split | PairCorr |
Related Correlations Analysis
| 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
| High negative correlations
|
Risk-Adjusted Indicators
There is a big difference between JMFINANCIL Stock performing well and JM Financial 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 JM Financial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KINGFA | 1.65 | (0.25) | 0.00 | (1.56) | 0.00 | 3.60 | 9.31 | |||
| RICOAUTO | 1.71 | (0.54) | 0.00 | (1.68) | 0.00 | 3.21 | 11.81 | |||
| GATECHDVR | 3.13 | (1.16) | 0.00 | 5.20 | 0.00 | 4.08 | 12.29 | |||
| COSMOFIRST | 1.76 | (0.28) | 0.00 | (22.34) | 0.00 | 3.02 | 13.96 | |||
| DELTAMAGNT | 2.20 | 0.10 | 0.00 | 0.49 | 2.10 | 5.34 | 19.73 | |||
| TBZ | 3.48 | 0.52 | 0.09 | (0.72) | 3.42 | 10.00 | 27.64 | |||
| PARAGMILK | 2.13 | 0.05 | (0.02) | 0.31 | 2.52 | 5.30 | 12.83 | |||
| HEUBACHIND | 1.81 | 0.08 | (0.02) | (0.59) | 3.21 | 6.95 | 28.86 | |||
| CHEMCON | 1.31 | (0.25) | 0.00 | (21.39) | 0.00 | 2.76 | 10.08 | |||
| ARVIND | 1.95 | (0.19) | 0.00 | (0.33) | 0.00 | 3.34 | 23.01 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in JM Financial 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 ETFs Now
ETFsFind actively traded Exchange Traded Funds (ETF) from around the world |
| All Next | Launch Module |
JM Financial Corporate Management
Elected by the shareholders, the JM Financial's board of directors comprises two types of representatives: JM Financial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of JMFINANCIL. The board's role is to monitor JM Financial's management team and ensure that shareholders' interests are well served. JM Financial'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, JM Financial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Subodh Shinkar | MD Distribution | Profile | |
| Sumeet Surana | Managing Banking | Profile | |
| Richard Liu | MD Equities | Profile | |
| Nishit Shah | Chief Officer | Profile | |
| Ranganath Char | MD Advisory | Profile |