JS Investments Correlations

JSIL Stock

54.76 3.22 6.25%

The current 90-days correlation between JS Investments and Reliance Weaving Mills is 0.14 (i.e., Average diversification). The correlation of JS Investments 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.

JS Investments Correlation With Market

Poor diversification

The correlation between JS Investments and DJI is 0.65 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JS Investments and DJI in the same portfolio, assuming nothing else is changed.

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

Moving together with JSIL Stock

0.66	ILP	Interloop	Pair Corr
0.73	HMB	Habib Metropolitan Bank	Pair Corr
0.76	TCORPCPS	Tariq CorpPref	Pair Corr
0.7	AGP	AGP	Pair Corr
0.65	SCBPL	Standard Chartered Bank	Pair Corr

Moving against JSIL Stock

0.69	KSBP	KSB Pumps	Pair Corr
0.67	THCCL	Thatta Cement	Pair Corr
0.62	LOADS	Loads	Pair Corr
0.55	ARUJ	Aruj Industries	Pair Corr
0.41	IBLHL	IBL HealthCare	Pair Corr

Related Correlations Analysis

	MSOT	FFL	KSBP	MARI	LOADS	THCCL	KAPCO	REWM
MSOT		0.27	-0.52	0.09	-0.29	-0.42	-0.06	0.04	MSOT
FFL	0.27		-0.42	0.69	0.12	-0.39	0.58	-0.11	FFL
KSBP	-0.52	-0.42		0.16	0.65	0.8	-0.37	0.02	KSBP
MARI	0.09	0.69	0.16		0.66	0.28	0.47	-0.34	MARI
LOADS	-0.29	0.12	0.65	0.66		0.77	0.3	-0.3	LOADS
THCCL	-0.42	-0.39	0.8	0.28	0.77		-0.02	-0.33	THCCL
KAPCO	-0.06	0.58	-0.37	0.47	0.3	-0.02		-0.48	KAPCO
REWM	0.04	-0.11	0.02	-0.34	-0.3	-0.33	-0.48		REWM
	MSOT	FFL	KSBP	MARI	LOADS	THCCL	KAPCO	REWM

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

THCCL	+ 0.8	KSBP
THCCL	+ 0.77	LOADS
MARI	+ 0.69	FFL
LOADS	+ 0.66	MARI
LOADS	+ 0.65	KSBP
KAPCO	+ 0.58	FFL

High negative correlations

KSBP	- 0.52	MSOT
REWM	- 0.48	KAPCO
KSBP	- 0.42	FFL
THCCL	- 0.42	MSOT
THCCL	- 0.39	FFL
KAPCO	- 0.37	KSBP

Risk-Adjusted Indicators

There is a big difference between JSIL Stock performing well and JS Investments 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 JS Investments' 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
MSOT	2.68	0.44	0.10	(0.38)	2.97	(3.24)	10.00	(5.99)	18.25
FFL	1.61	0.00	(0.03)	(0.06)	1.75	(2.14)	3.28	(3.44)	14.01
KSBP	0.94	(0.32)	0.00	(3.21)	0.00	0.00	1.87	(2.16)	5.78
MARI	0.65	(0.07)	0.00	0.77	0.00	0.00	1.74	(1.51)	4.52
LOADS	1.57	(0.41)	0.00	2.42	0.00	0.00	3.10	(4.19)	14.12
THCCL	2.05	(0.65)	0.00	(0.78)	0.00	0.00	3.79	(5.56)	17.56
KAPCO	1.11	(0.01)	(0.04)	0.02	1.16	(1.77)	3.07	(2.26)	12.63
REWM	2.50	(0.03)	(0.01)	(0.02)	3.54	(3.93)	9.03	(7.25)	20.00

Be your own money manager

Our tools can tell you how much better you can do entering a position in JS Investments 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 Commodity Channel Now

Commodity Channel

Use Commodity Channel Index to analyze current equity momentum

All Next

Launch Module

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

2026 Macroaxis LLC