Dev Information Correlations
| DEVIT Stock | 111.24 2.07 1.83% |
The current 90-days correlation between Dev Information Tech and Tera Software Limited is 0.16 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Dev Information moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Dev Information Technology moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Dev Information Correlation With Market
Average diversification
The correlation between Dev Information Technology 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 Dev Information Technology and DJI in the same portfolio, assuming nothing else is changed.
Dev |
The ability to find closely correlated positions to Dev Information could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Dev Information 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 Dev Information - 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 Dev Information Technology to buy it.
Moving together with Dev Stock
| 0.8 | YESBANK | Yes Bank Limited | PairCorr |
| 0.9 | IOB | Indian Overseas Bank | PairCorr |
| 0.63 | IOC | Indian OilLimited | PairCorr |
Moving against Dev Stock
Related Correlations Analysis
| 0.21 | 0.75 | 0.11 | 0.52 | 0.57 | 0.04 | IXIGO | ||
| 0.21 | 0.2 | 0.43 | 0.05 | 0.1 | 0.0 | EMBASSY | ||
| 0.75 | 0.2 | 0.22 | 0.51 | 0.18 | 0.17 | HITECHGEAR | ||
| 0.11 | 0.43 | 0.22 | 0.32 | -0.09 | 0.62 | V2RETAIL | ||
| 0.52 | 0.05 | 0.51 | 0.32 | 0.14 | 0.47 | GTECJAINX | ||
| 0.57 | 0.1 | 0.18 | -0.09 | 0.14 | -0.31 | GALLANTT | ||
| 0.04 | 0.0 | 0.17 | 0.62 | 0.47 | -0.31 | TERASOFT | ||
| 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
|
Risk-Adjusted Indicators
There is a big difference between Dev Stock performing well and Dev Information 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 Dev Information'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| IXIGO | 2.40 | (0.17) | 0.00 | (0.45) | 0.00 | 5.39 | 20.76 | |||
| EMBASSY | 0.81 | 0.08 | 0.11 | 0.92 | 0.86 | 2.05 | 5.40 | |||
| HITECHGEAR | 1.90 | (0.47) | 0.00 | (4.96) | 0.00 | 3.36 | 9.31 | |||
| V2RETAIL | 2.67 | 0.19 | 0.07 | 0.47 | 2.98 | 5.00 | 12.53 | |||
| GTECJAINX | 2.12 | (0.21) | 0.00 | (1.20) | 0.00 | 4.75 | 9.86 | |||
| GALLANTT | 2.28 | 0.10 | 0.05 | 0.48 | 2.46 | 4.99 | 9.58 | |||
| TERASOFT | 2.72 | (0.06) | 0.00 | (0.11) | 0.00 | 5.00 | 10.48 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Dev Information 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?
Run Earnings Calls Now
Earnings CallsCheck upcoming earnings announcements updated hourly across public exchanges |
| All Next | Launch Module |
Dev Information Corporate Management
Elected by the shareholders, the Dev Information's board of directors comprises two types of representatives: Dev Information inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Dev. The board's role is to monitor Dev Information's management team and ensure that shareholders' interests are well served. Dev Information'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, Dev Information's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Krisa Patel | Company Officer | Profile | |
| Alpna Sharma | HR Mang | Profile | |
| Manoj Dhanak | Senior Blockchain | Profile | |
| Krunal Soni | Senior Blockchain | Profile | |
| Vishal Vasu | CTO Director | Profile | |
| Harshil Shah | Chief Officer | Profile | |
| Sahil Amin | Senior Applications | Profile |