BAG Films Correlations
| BAGFILMS | 11.55 0.34 2.86% |
The current 90-days correlation between BAG Films and Delta Manufacturing Limited is 0.28 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as BAG Films moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if BAG Films and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
BAG Films Correlation With Market
Average diversification
The correlation between BAG Films and and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding BAG Films and and DJI in the same portfolio, assuming nothing else is changed.
BAG |
The ability to find closely correlated positions to BAG Films could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace BAG Films 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 BAG Films - 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 BAG Films and to buy it.
Moving together with BAG Stock
| 0.76 | VEDL | Vedanta Limited | PairCorr |
| 0.61 | NEWGEN | Newgen Software Tech | PairCorr |
| 0.62 | SBCL | Shivalik Bimetal Controls | PairCorr |
| 0.69 | APLAPOLLO | APL Apollo Tubes | PairCorr |
Moving against BAG Stock
| 0.55 | JSWHL | JSW Holdings Limited | PairCorr |
| 0.37 | INTERARCH | Interarch Building | PairCorr |
| 0.55 | PILANIINVS | Pilani Investment | PairCorr |
| 0.45 | IITL | Industrial Investment | PairCorr |
| 0.39 | SUMMITSEC | Summit Securities | PairCorr |
| 0.39 | RAINBOW | Rainbow Childrens | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
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 BAG Stock performing well and BAG Films 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 BAG Films' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GANGOTRI | 1.05 | (0.30) | 0.00 | 5.35 | 0.00 | 3.60 | 9.85 | |||
| HEMIPROP | 1.83 | (0.17) | 0.00 | (0.15) | 0.00 | 4.05 | 13.08 | |||
| KINGFA | 1.79 | 0.02 | 0.00 | 0.24 | 1.84 | 3.98 | 8.70 | |||
| RICOAUTO | 1.72 | (0.46) | 0.00 | (0.58) | 0.00 | 3.21 | 9.85 | |||
| GATECHDVR | 2.48 | (0.32) | 0.00 | 5.40 | 0.00 | 4.08 | 12.29 | |||
| COSMOFIRST | 1.99 | 0.36 | 0.13 | (1.63) | 2.01 | 5.20 | 16.21 | |||
| DELTAMAGNT | 2.41 | 0.22 | 0.08 | 0.21 | 2.33 | 7.69 | 19.73 | |||
| TBZ | 2.78 | (0.18) | 0.00 | (0.30) | 0.00 | 6.65 | 17.64 | |||
| PARAGMILK | 2.19 | 0.15 | 0.05 | 0.23 | 2.53 | 5.30 | 12.83 | |||
| HEUBACHIND | 1.20 | 0.01 | 0.00 | 0.19 | 3.09 | 4.20 | 28.13 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in BAG Films 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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Equity ForecastingUse basic forecasting models to generate price predictions and determine price momentum |
| All Next | Launch Module |
BAG Films Corporate Management
Elected by the shareholders, the BAG Films' board of directors comprises two types of representatives: BAG Films inside directors who are chosen from within the company, and outside directors, selected externally and held independent of BAG. The board's role is to monitor BAG Films' management team and ensure that shareholders' interests are well served. BAG Films' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, BAG Films' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rajesh Chaddha | VP Mumbai | Profile | |
| Rajeev Parashar | Compliance Secretary | Profile | |
| Ajay Jain | Chief Officer | Profile | |
| Mukul Kalra | Chief Designer | Profile | |
| Satyendra Chauhan | Chief Cameraman | Profile | |
| Adarsh Rastogi | Chief Editor | Profile |