Cartrade Tech Correlations
| CARTRADE | 1,536 32.25 2.06% |
The current 90-days correlation between Cartrade Tech Limited and Elgi Rubber is 0.15 (i.e., Average diversification). The correlation of Cartrade Tech 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.
Cartrade Tech Correlation With Market
Good diversification
The correlation between Cartrade Tech Limited and DJI is -0.16 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cartrade Tech Limited and DJI in the same portfolio, assuming nothing else is changed.
Cartrade |
The ability to find closely correlated positions to Cartrade Tech could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cartrade Tech 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 Cartrade Tech - 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 Cartrade Tech Limited to buy it.
Moving together with Cartrade Stock
| 0.76 | MANAPPURAM | Manappuram Finance | PairCorr |
| 0.78 | WOCKPHARMA | Wockhardt Limited | PairCorr |
Moving against Cartrade Stock
| 0.39 | SBILIFE | SBI Life Insurance | PairCorr |
| 0.36 | PFC | Power Finance | PairCorr |
| 0.31 | LICI | Life Insurance | PairCorr |
| 0.31 | RECLTD | REC Limited | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Cartrade Stock performing well and Cartrade Tech 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 Cartrade Tech'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ELGIRUBCO | 3.30 | (0.56) | 0.00 | (0.49) | 0.00 | 9.79 | 19.44 | |||
| BRNL | 2.19 | (0.21) | 0.00 | 0.44 | 0.00 | 4.61 | 26.61 | |||
| TCI | 1.79 | (0.17) | 0.00 | (0.42) | 0.00 | 4.54 | 10.57 | |||
| RADIOCITY | 1.62 | (0.32) | 0.00 | 28.23 | 0.00 | 3.00 | 12.71 | |||
| GICRE | 2.51 | 0.10 | 0.03 | (0.07) | 3.39 | 4.05 | 20.84 | |||
| TOTAL | 2.23 | (0.24) | 0.00 | 1.35 | 0.00 | 5.14 | 11.67 | |||
| DCBBANK | 1.32 | (0.07) | 0.00 | (0.20) | 0.00 | 2.78 | 7.07 | |||
| MODIRUBBER | 2.14 | (0.29) | 0.00 | 0.59 | 0.00 | 3.46 | 11.66 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Cartrade Tech 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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Cartrade Tech Corporate Management
Elected by the shareholders, the Cartrade Tech's board of directors comprises two types of representatives: Cartrade Tech inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Cartrade. The board's role is to monitor Cartrade Tech's management team and ensure that shareholders' interests are well served. Cartrade Tech'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, Cartrade Tech's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Amit Kumar | MD India | Profile | |
| Vikram Alva | Chief Officer | Profile | |
| Sameer Malhotra | Chief Limited | Profile | |
| Pal Deepnarayan | Company Officer | Profile | |
| Varun Sanghi | Head Ventures | Profile |