Ravi Kumar Correlations
| RKDL Stock | 26.12 0.19 0.73% |
The current 90-days correlation between Ravi Kumar Distilleries and Reliance Industries Limited is 0.1 (i.e., Average diversification). The correlation of Ravi Kumar 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.
Ravi Kumar Correlation With Market
Significant diversification
The correlation between Ravi Kumar Distilleries 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 Ravi Kumar Distilleries and DJI in the same portfolio, assuming nothing else is changed.
Ravi |
The ability to find closely correlated positions to Ravi Kumar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Ravi Kumar 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 Ravi Kumar - 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 Ravi Kumar Distilleries to buy it.
Moving together with Ravi Stock
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
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Risk-Adjusted Indicators
There is a big difference between Ravi Stock performing well and Ravi Kumar 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 Ravi Kumar'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCE | 0.88 | (0.30) | 0.00 | 3.83 | 0.00 | 1.46 | 5.53 | |||
| TCS | 0.71 | (0.15) | 0.00 | 1.15 | 0.00 | 1.25 | 7.29 | |||
| HDFCBANK | 0.88 | 0.07 | (0.01) | 0.38 | 1.05 | 2.18 | 5.51 | |||
| BHARTIARTL | 0.91 | 0.07 | (0.02) | 1.67 | 0.88 | 2.26 | 6.43 |
Be your own money manager
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Ravi Kumar Corporate Management
Elected by the shareholders, the Ravi Kumar's board of directors comprises two types of representatives: Ravi Kumar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Ravi. The board's role is to monitor Ravi Kumar's management team and ensure that shareholders' interests are well served. Ravi Kumar'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, Ravi Kumar's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Nalini BComDCA | Senior Accounts | Profile | |
| Bhuvaneswari | Chief Officer | Profile | |
| Arunagiri MA | Senior Marketing | Profile | |
| A Valliammai | Sales Manager | Profile | |
| Zegadisvary | Senior Admin | Profile |