Mahindra Mahindra Correlations
| MAHMF Stock | USD 35.60 1.65 4.86% |
The current 90-days correlation between Mahindra Mahindra and Nio Class A is 0.19 (i.e., Average diversification). The correlation of Mahindra Mahindra 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.
Mahindra Mahindra Correlation With Market
Modest diversification
The correlation between Mahindra Mahindra Limited and DJI is 0.21 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Mahindra Mahindra Limited and DJI in the same portfolio, assuming nothing else is changed.
Mahindra |
The ability to find closely correlated positions to Mahindra Mahindra could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mahindra Mahindra 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 Mahindra Mahindra - 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 Mahindra Mahindra Limited to buy it.
Moving together with Mahindra Pink Sheet
| 0.7 | TRV | The Travelers Companies Fiscal Year End 17th of January 2025 | PairCorr |
| 0.67 | JPM | JPMorgan Chase Sell-off Trend | PairCorr |
| 0.68 | CSCO | Cisco Systems Sell-off Trend | PairCorr |
Moving against Mahindra Pink Sheet
| 0.61 | VLKAF | Volkswagen AG | PairCorr |
| 0.6 | VWAGY | Volkswagen AG 110 | PairCorr |
| 0.58 | VWAPY | Volkswagen AG Pref | PairCorr |
| 0.55 | VLKPF | Volkswagen AG VZO | PairCorr |
| 0.53 | MCAE | Mountain Crest Acqui | PairCorr |
| 0.49 | MBGAF | Mercedes Benz Group | PairCorr |
| 0.49 | MBGYY | Mercedes Benz Group | PairCorr |
| 0.49 | NIHK | Video River Networks | PairCorr |
| 0.44 | TOYOF | Toyota Motor Corp | PairCorr |
| 0.43 | TM | Toyota Motor | PairCorr |
| 0.37 | MCAEU | Mountain Crest Acqui | PairCorr |
| 0.43 | MMM | 3M Company Fiscal Year End 28th of January 2025 | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Mahindra Pink Sheet performing well and Mahindra Mahindra 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 Mahindra Mahindra'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NIO | 3.83 | 0.34 | 0.06 | 0.81 | 4.51 | 10.96 | 23.87 | |||
| LI | 3.31 | 0.48 | 0.09 | 1.47 | 3.96 | 10.62 | 25.86 | |||
| RIVN | 2.95 | (0.22) | 0.00 | (0.11) | 0.00 | 5.37 | 28.00 | |||
| LCID | 2.88 | (0.92) | 0.00 | (0.99) | 0.00 | 4.23 | 30.74 | |||
| TSLA | 3.14 | 0.60 | 0.23 | 0.40 | 2.65 | 8.19 | 28.06 | |||
| XPEV | 4.05 | 0.82 | 0.15 | 1.64 | 4.48 | 9.00 | 26.26 | |||
| F | 1.42 | (0.15) | (0.04) | 0.03 | 2.23 | 2.53 | 11.21 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Mahindra Mahindra 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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Mahindra Mahindra Corporate Executives
Elected by the shareholders, the Mahindra Mahindra's board of directors comprises two types of representatives: Mahindra Mahindra inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Mahindra. The board's role is to monitor Mahindra Mahindra's management team and ensure that shareholders' interests are well served. Mahindra Mahindra'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, Mahindra Mahindra's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ruzbeh Irani | Chief Executive - International Operations (Automotive & Farm Equipment Sectors) | Profile |