Angel One Correlations
| ANGELONE | 2,900 40.85 1.43% |
The current 90-days correlation between Angel One Limited and Infosys Limited is 0.22 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Angel One moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Angel One Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Angel One Correlation With Market
Good diversification
The correlation between Angel One Limited and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Angel One Limited and DJI in the same portfolio, assuming nothing else is changed.
Angel |
The ability to find closely correlated positions to Angel One could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Angel One 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 Angel One - 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 Angel One Limited to buy it.
Moving together with Angel Stock
| 0.71 | SBIN | State Bank | PairCorr |
| 0.64 | STYRENIX | Styrenix Performance | PairCorr |
| 0.69 | LLOYDSME | LLOYDS METALS AND | PairCorr |
| 0.64 | STEELCAS | Steelcast Limited | PairCorr |
| 0.66 | AGI | AGI Greenpac Limited | PairCorr |
| 0.67 | 63MOONS | 63 moons technologies | PairCorr |
| 0.63 | MANGCHEFER | Mangalore Chemicals | PairCorr |
| 0.61 | HDFCBANK | HDFC Bank Limited | PairCorr |
| 0.64 | DELTAMAGNT | Delta Manufacturing | PairCorr |
| 0.64 | WELCORP | Welspun Corp Limited | PairCorr |
Moving against Angel 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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Angel Stock performing well and Angel One 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 Angel One'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TCS | 0.86 | (0.06) | 0.00 | (0.06) | 0.00 | 1.66 | 7.29 | |||
| QUESS | 1.79 | (0.39) | 0.00 | 6.22 | 0.00 | 3.36 | 11.45 | |||
| RELIANCE | 1.06 | (0.31) | 0.00 | (0.76) | 0.00 | 1.68 | 5.51 | |||
| INFY | 1.00 | 0.03 | 0.00 | (0.53) | 1.60 | 2.27 | 7.42 | |||
| SIS | 1.01 | (0.17) | 0.00 | 1.51 | 0.00 | 2.33 | 6.36 | |||
| WIPRO | 3.51 | 0.98 | 0.10 | (2.00) | 7.29 | 3.61 | 150.80 | |||
| SBIN | 1.18 | 0.04 | 0.02 | 0.11 | 1.38 | 2.58 | 7.90 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Angel One 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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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
| All Next | Launch Module |
Angel One Corporate Management
Elected by the shareholders, the Angel One's board of directors comprises two types of representatives: Angel One inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Angel. The board's role is to monitor Angel One's management team and ensure that shareholders' interests are well served. Angel One'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, Angel One's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Pravin Bathe | Chief Officer | Profile | |
| Saurabh Agarwal | CXO Business | Profile | |
| Prabhakar Tiwari | Chief Officer | Profile | |
| Meenal Shah | Group Counsel | Profile | |
| Rajiv Kejriwal | Lead Compliance | Profile | |
| Naheed Patel | Company Secretary | Profile | |
| Ankit Rastogi | Chief Officer | Profile |