Tata Steel Correlations
| TATASTEEL | 144.53 0.06 0.04% |
The current 90-days correlation between Tata Steel Limited and Embassy Office Parks is 0.24 (i.e., Modest diversification). The correlation of Tata Steel 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.
Tata Steel Correlation With Market
Modest diversification
The correlation between Tata Steel Limited and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tata Steel Limited and DJI in the same portfolio, assuming nothing else is changed.
Tata |
The ability to find closely correlated positions to Tata Steel could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tata Steel 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 Tata Steel - 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 Tata Steel Limited to buy it.
Moving together with Tata Stock
| 0.83 | SAIL | Steel Authority | PairCorr |
| 0.68 | GNFC | Gujarat Narmada Valley | PairCorr |
| 0.73 | JTLIND | JTL Industries Split | PairCorr |
| 0.63 | INDIAGLYCO | India Glycols Limited | PairCorr |
| 0.7 | IOC | Indian OilLimited | PairCorr |
Moving against Tata Stock
Related Correlations Analysis
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Be your own money manager
Our tools can tell you how much better you can do entering a position in Tata Steel 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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Tata Steel Corporate Management
Elected by the shareholders, the Tata Steel's board of directors comprises two types of representatives: Tata Steel inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tata. The board's role is to monitor Tata Steel's management team and ensure that shareholders' interests are well served. Tata Steel'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, Tata Steel's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Thachat Narendran | MD CEO | Profile | |
| Siddharth Mishra | Chief Sales | Profile | |
| Sarvesh Kumar | Chief Communication | Profile | |
| Parvatheesam Kanchinadham | Compliance Secretary | Profile | |
| Subramaniam Hariharan | Chief Project | Profile | |
| Jayanta Banerjee | Chief Officer | Profile |