LT Technology Correlations
| LTTS Stock | 5,307 141.30 2.74% |
The current 90-days correlation between LT Technology Services and Arvind Limited is -0.06 (i.e., Good diversification). The correlation of LT Technology 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.
LT Technology Correlation With Market
Average diversification
The correlation between LT Technology Services and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding LT Technology Services and DJI in the same portfolio, assuming nothing else is changed.
LTTS |
The ability to find closely correlated positions to LT Technology could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace LT Technology 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 LT Technology - 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 LT Technology Services to buy it.
Moving together with LTTS Stock
| 0.79 | RELIANCE | Reliance Industries Split | PairCorr |
| 0.69 | ONGC | Oil Natural Gas | PairCorr |
| 0.82 | PFC | Power Finance | PairCorr |
| 0.73 | IOC | Indian Oil | PairCorr |
Moving against LTTS Stock
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
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Risk-Adjusted Indicators
There is a big difference between LTTS Stock performing well and LT Technology 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 LT Technology'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 | |||
| 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 | |||
| LEMONTREE | 1.26 | (0.08) | 0.00 | (0.86) | 0.00 | 2.73 | 9.41 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in LT Technology 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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LT Technology Corporate Management
Elected by the shareholders, the LT Technology's board of directors comprises two types of representatives: LT Technology inside directors who are chosen from within the company, and outside directors, selected externally and held independent of LTTS. The board's role is to monitor LT Technology's management team and ensure that shareholders' interests are well served. LT Technology'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, LT Technology's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Prajakta Powle | Company Officer | Profile | |
| Samir Bagga | Chief Officer | Profile | |
| Abhishek Sinha | Smart Medical | Profile | |
| Pinku Pappan | Head Relations | Profile | |
| Ashish Khushu | Chief Officer | Profile | |
| Shailendra Shrivastava | Global Transportation | Profile |