Banka BioLoo Correlations

BANKA Stock

102.18 0.99 0.98%

The current 90-days correlation between Banka BioLoo Limited and GACM Technologies Limited is 0.07 (i.e., Significant diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Banka BioLoo moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Banka BioLoo Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Banka BioLoo Correlation With Market

Average diversification

The correlation between Banka BioLoo Limited and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Banka BioLoo Limited and DJI in the same portfolio, assuming nothing else is changed.

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

Moving against Banka Stock

0.74	BGLOBAL	Bharatiya Global Inf	Pair Corr
0.67	GRWRHITECH	Garware Hi Tech	Pair Corr
0.63	MANAKCOAT	Manaksia Coated Metals	Pair Corr
0.6	IITL	Industrial Investment	Pair Corr
0.59	KEC	KEC International	Pair Corr
0.58	JSWHL	JSW Holdings Limited	Pair Corr
0.56	63MOONS	63 moons technologies	Pair Corr
0.52	TCS	Tata Consultancy Services	Pair Corr
0.51	COSMOFIRST	COSMO FIRST LIMITED	Pair Corr
0.5	MANGCHEFER	Mangalore Chemicals	Pair Corr
0.49	DELTAMAGNT	Delta Manufacturing	Pair Corr
0.41	STEELCAS	Steelcast Limited	Pair Corr
0.4	INFY	Infosys Limited	Pair Corr
0.4	AGARIND	Agarwal Industrial	Pair Corr
0.39	WIPRO	Wipro Limited Split	Pair Corr
0.39	INDRAMEDCO	Indraprastha Medical	Pair Corr
0.38	ICICIBANK	ICICI Bank Limited	Pair Corr
0.33	PAGEIND	Page Industries	Pair Corr
0.66	FORTIS	Fortis Healthcare	Pair Corr
0.61	SASKEN	Sasken Technologies	Pair Corr
0.58	MCLEODRUSS	Mcleod Russel India	Pair Corr
0.58	SUMMITSEC	Summit Securities	Pair Corr
0.54	BAJAJHCARE	Bajaj Healthcare	Pair Corr
0.52	KREBSBIO	Krebs Biochemicals and	Pair Corr
0.51	KSL	Kalyani Steels	Pair Corr
0.47	CAPACITE	Capacite Infraprojects	Pair Corr
0.47	SINCLAIR	SINCLAIRS HOTELS ORD	Pair Corr
0.47	ASALCBR	Associated Alcohols	Pair Corr
0.47	GANESHHOUC	Ganesh Housing	Pair Corr

Related Correlations Analysis

	KINGFA	RICOAUTO	GATECHDVR	COSMOFIRST	DELTAMAGNT	TBZ	PARAGMILK	HEUBACHIND	CHEMCON	ARVIND
KINGFA		0.53	0.71	0.44	0.43	0.55	-0.01	0.23	0.49	0.49	KINGFA
RICOAUTO	0.53		0.79	-0.34	-0.18	0.67	-0.05	0.36	0.98	-0.09	RICOAUTO
GATECHDVR	0.71	0.79		0.04	0.12	0.57	-0.18	0.21	0.79	0.32	GATECHDVR
COSMOFIRST	0.44	-0.34	0.04		0.74	0.0	-0.02	-0.17	-0.36	0.8	COSMOFIRST
DELTAMAGNT	0.43	-0.18	0.12	0.74		0.02	0.17	-0.15	-0.21	0.73	DELTAMAGNT
TBZ	0.55	0.67	0.57	0.0	0.02		0.16	0.19	0.68	0.17	TBZ
PARAGMILK	-0.01	-0.05	-0.18	-0.02	0.17	0.16		0.34	-0.12	-0.17	PARAGMILK
HEUBACHIND	0.23	0.36	0.21	-0.17	-0.15	0.19	0.34		0.27	-0.24	HEUBACHIND
CHEMCON	0.49	0.98	0.79	-0.36	-0.21	0.68	-0.12	0.27		-0.07	CHEMCON
ARVIND	0.49	-0.09	0.32	0.8	0.73	0.17	-0.17	-0.24	-0.07		ARVIND
	KINGFA	RICOAUTO	GATECHDVR	COSMOFIRST	DELTAMAGNT	TBZ	PARAGMILK	HEUBACHIND	CHEMCON	ARVIND

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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

CHEMCON	+ 0.98	RICOAUTO
ARVIND	+ 0.8	COSMOFIRST
GATECHDVR	+ 0.79	RICOAUTO
CHEMCON	+ 0.79	GATECHDVR
DELTAMAGNT	+ 0.74	COSMOFIRST
ARVIND	+ 0.73	DELTAMAGNT

High negative correlations

CHEMCON	- 0.36	COSMOFIRST
COSMOFIRST	- 0.34	RICOAUTO
ARVIND	- 0.24	HEUBACHIND
CHEMCON	- 0.21	DELTAMAGNT
PARAGMILK	- 0.18	GATECHDVR
DELTAMAGNT	- 0.18	RICOAUTO

Risk-Adjusted Indicators

There is a big difference between Banka Stock performing well and Banka BioLoo 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 Banka BioLoo'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
KINGFA	1.76	0.06	0.02	0.53	1.81	(2.23)	3.98	(3.65)	8.70
RICOAUTO	1.70	(0.50)	0.00	(0.64)	0.00	0.00	3.21	(4.52)	9.85
GATECHDVR	2.43	(0.30)	0.00	3.20	0.00	0.00	4.08	(5.45)	12.29
COSMOFIRST	2.11	0.34	0.11	(2.20)	2.33	(2.25)	5.20	(3.92)	21.02
DELTAMAGNT	2.53	0.19	0.08	0.19	2.42	(3.12)	8.07	(4.49)	19.73
TBZ	2.70	(0.09)	0.00	(0.13)	0.00	0.00	6.65	(5.61)	17.64
PARAGMILK	2.22	0.07	0.02	0.15	2.57	(2.47)	5.30	(4.75)	12.83
HEUBACHIND	1.15	0.07	0.01	1.00	2.90	(1.34)	4.20	(1.74)	28.13
CHEMCON	1.15	(0.32)	0.00	(0.53)	0.00	0.00	2.23	(3.49)	7.46
ARVIND	2.25	0.05	0.01	0.10	2.26	(2.83)	4.02	(3.52)	24.08

Be your own money manager

Our tools can tell you how much better you can do entering a position in Banka BioLoo 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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Banka BioLoo Corporate Management

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

Yanamandra Aditya	Company Officer	Profile
Vineet Murarka	Assistant Operations	Profile
Lakkimsetty Padmanabham	Chief Officer	Profile
Archana Arigela	Company Officer	Profile
Sravan Danagoni	Chief Accounts	Profile
Nitika Lakhotia	Company Officer	Profile

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