ABM International Correlations

ABMINTLLTD

41.88 1.21 2.81%

The current 90-days correlation between ABM International and Par Drugs And is 0.24 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ABM International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABM International Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

ABM International Correlation With Market

Good diversification

The correlation between ABM International Limited and DJI is -0.07 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ABM International Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to ABM International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABM International 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 ABM International - 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 ABM International Limited to buy it.

Moving together with ABM Stock

0.64	JAIBALAJI	Jai Balaji Industries Split	Pair Corr
0.73	GNFC	Gujarat Narmada Valley	Pair Corr
0.9	GUJALKALI	Gujarat Alkalies	Pair Corr
0.81	IMFA	Indian Metals Ferro	Pair Corr
0.84	INDIAGLYCO	India Glycols Limited	Pair Corr
0.78	JTLIND	JTL Industries	Pair Corr
0.78	LICI	Life InsuranceOf	Pair Corr

Moving against ABM Stock

0.47	NMDC	NMDC Limited	Pair Corr
0.45	ITDCEM	ITD Cementation India	Pair Corr
0.34	HDFCBANK	HDFC Bank Limited	Pair Corr

Related Correlations Analysis

	PAR	AARTIDRUGS	RAJMET	AGARIND	NIBL	SBCL	GMBREW	INDRAMEDCO
PAR		0.92	0.99	0.79	0.27	0.87	0.89	0.88	PAR
AARTIDRUGS	0.92		0.93	0.84	0.26	0.92	0.95	0.91	AARTIDRUGS
RAJMET	0.99	0.93		0.77	0.25	0.86	0.91	0.88	RAJMET
AGARIND	0.79	0.84	0.77		0.34	0.95	0.88	0.87	AGARIND
NIBL	0.27	0.26	0.25	0.34		0.29	0.27	0.29	NIBL
SBCL	0.87	0.92	0.86	0.95	0.29		0.92	0.93	SBCL
GMBREW	0.89	0.95	0.91	0.88	0.27	0.92		0.9	GMBREW
INDRAMEDCO	0.88	0.91	0.88	0.87	0.29	0.93	0.9		INDRAMEDCO
	PAR	AARTIDRUGS	RAJMET	AGARIND	NIBL	SBCL	GMBREW	INDRAMEDCO

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Risk-Adjusted Indicators

There is a big difference between ABM Stock performing well and ABM International 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 ABM International'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	Treynor Ratio	Potential Upside	Value @Risk	Maximum Drawdown
PAR	2.55	(1.27)	(5.21)	4.13	(5.01)	17.57
AARTIDRUGS	2.13	(0.25)	(0.41)	5.83	(3.91)	18.38
RAJMET	1.95	(1.10)	(1.58)	2.84	(5.99)	11.99
AGARIND	2.21	(0.39)	(2.28)	4.74	(4.18)	15.79
NIBL	2.15	(0.21)	(0.40)	4.98	(4.66)	19.44
SBCL	2.35	(0.33)	0.53	4.03	(4.37)	13.62
GMBREW	2.13	(0.37)	9.12	4.17	(5.39)	11.12
INDRAMEDCO	3.02	(0.21)	(0.39)	5.57	(5.91)	24.68

Be your own money manager

Our tools can tell you how much better you can do entering a position in ABM International 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.

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ABM International Corporate Management

Elected by the shareholders, the ABM International's board of directors comprises two types of representatives: ABM International inside directors who are chosen from within the company, and outside directors, selected externally and held independent of ABM. The board's role is to monitor ABM International's management team and ensure that shareholders' interests are well served. ABM International'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, ABM International's outside directors are responsible for providing unbiased perspectives on the board's policies.

Amit Kumar	Company Officer	Profile
Vishwanatha Mahalingam	Chief Officer	Profile
Sangeeta BCom	WholeTime Director	Profile
Virender Gandhi	Chairman MD	Profile
Anju Gupta	Manager Operations	Profile

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