ROUTE MOBILE Correlations
| ROUTE Stock | 1,302 2.25 0.17% |
The current 90-days correlation between ROUTE MOBILE LIMITED and Privi Speciality Chemicals is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ROUTE MOBILE moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ROUTE MOBILE LIMITED moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
ROUTE |
The ability to find closely correlated positions to ROUTE MOBILE could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ROUTE MOBILE 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 ROUTE MOBILE - 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 ROUTE MOBILE LIMITED to buy it.
Moving together with ROUTE Stock
Moving against ROUTE Stock
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| 0.66 | V2RETAIL | V2 Retail Limited | PairCorr |
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| 0.61 | AMIORG | Ami Organics Limited | PairCorr |
| 0.6 | CANTABIL | Cantabil Retail India | PairCorr |
| 0.54 | MANINFRA | Man Infraconstruction | PairCorr |
| 0.52 | DIXON | Dixon Technologies | PairCorr |
| 0.42 | MASKINVEST | Mask Investments | PairCorr |
| 0.37 | FSC | Future Supply Chain | PairCorr |
| 0.35 | DATAMATICS | Datamatics Global Earnings Call This Week | PairCorr |
Related Correlations Analysis
| 0.28 | 0.48 | -0.16 | 0.29 | 0.57 | 0.48 | 0.17 | VIDHIING | ||
| 0.28 | 0.51 | 0.04 | 0.35 | 0.45 | 0.34 | 0.3 | PRIVISCL | ||
| 0.48 | 0.51 | -0.48 | 0.74 | 0.65 | 0.74 | 0.63 | ADFFOODS | ||
| -0.16 | 0.04 | -0.48 | -0.47 | 0.1 | -0.41 | -0.2 | MEGASTAR | ||
| 0.29 | 0.35 | 0.74 | -0.47 | 0.41 | 0.4 | 0.75 | SARVESHWAR | ||
| 0.57 | 0.45 | 0.65 | 0.1 | 0.41 | 0.54 | 0.66 | RCF | ||
| 0.48 | 0.34 | 0.74 | -0.41 | 0.4 | 0.54 | 0.28 | JGCHEM | ||
| 0.17 | 0.3 | 0.63 | -0.2 | 0.75 | 0.66 | 0.28 | HINDCON | ||
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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 ROUTE Stock performing well and ROUTE MOBILE 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 ROUTE MOBILE'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| VIDHIING | 2.16 | 0.09 | 0.03 | 5.84 | 3.26 | 3.61 | 19.60 | |||
| PRIVISCL | 1.64 | 0.13 | 0.06 | 0.24 | 1.98 | 3.63 | 10.43 | |||
| ADFFOODS | 2.31 | (0.14) | 0.00 | (0.27) | 0.00 | 4.84 | 11.59 | |||
| MEGASTAR | 2.03 | 0.15 | 0.07 | (2.10) | 2.00 | 6.33 | 18.83 | |||
| SARVESHWAR | 2.15 | (0.14) | 0.00 | (1.08) | 0.00 | 5.71 | 14.66 | |||
| RCF | 2.21 | (0.07) | 0.00 | (0.24) | 0.00 | 4.27 | 14.58 | |||
| JGCHEM | 2.41 | (0.05) | 0.00 | (0.19) | 0.00 | 5.25 | 25.13 | |||
| HINDCON | 2.26 | (0.18) | 0.00 | (0.28) | 0.00 | 4.94 | 27.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in ROUTE MOBILE 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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ROUTE MOBILE Corporate Management
Elected by the shareholders, the ROUTE MOBILE's board of directors comprises two types of representatives: ROUTE MOBILE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ROUTE. The board's role is to monitor ROUTE MOBILE's management team and ensure that shareholders' interests are well served. ROUTE MOBILE'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, ROUTE MOBILE's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gautam Badalia | Group Officer | Profile | |
| Rathindra Das | Company Legal | Profile | |
| Mujahid Rupani | Group Officer | Profile | |
| Tanmay Ayare | Global Communication | Profile | |
| Rainer Viertel | Chief Masivian | Profile | |
| Jeroen Weijenberg | Managing Europe | Profile |