Genus Power Correlations
| GENUSPOWER | 436.85 10.65 2.38% |
The current 90-days correlation between Genus Power Infrastr and Syrma SGS Technology is 0.47 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Genus Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Genus Power Infrastructures moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Genus Power Correlation With Market
Significant diversification
The correlation between Genus Power Infrastructures and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Genus Power Infrastructures and DJI in the same portfolio, assuming nothing else is changed.
Genus |
The ability to find closely correlated positions to Genus Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Genus Power 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 Genus Power - 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 Genus Power Infrastructures to buy it.
Related Correlations Analysis
| 0.76 | 0.11 | -0.23 | 0.82 | 0.0 | SYRMA | ||
| 0.76 | -0.04 | -0.38 | 0.48 | 0.0 | PAR | ||
| 0.11 | -0.04 | -0.17 | 0.15 | 0.0 | SELAN | ||
| -0.23 | -0.38 | -0.17 | -0.03 | 0.0 | MODIRUBBER | ||
| 0.82 | 0.48 | 0.15 | -0.03 | 0.0 | SHAILY | ||
| 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | SPTL | ||
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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 Genus Stock performing well and Genus Power 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 Genus Power'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SYRMA | 2.13 | 0.51 | 0.19 | (1.15) | 1.48 | 9.36 | 19.39 | |||
| PAR | 2.65 | 0.34 | 0.09 | 20.22 | 2.12 | 8.13 | 24.18 | |||
| SELAN | 2.24 | (0.10) | 0.00 | 0.25 | 0.00 | 5.45 | 11.02 | |||
| MODIRUBBER | 2.20 | 0.48 | 0.13 | (0.95) | 2.16 | 5.00 | 15.01 | |||
| SHAILY | 2.57 | 0.48 | 0.18 | 1.76 | 1.89 | 6.96 | 14.85 | |||
| SPTL | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Genus Power 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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Genus Power Corporate Management
Elected by the shareholders, the Genus Power's board of directors comprises two types of representatives: Genus Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Genus. The board's role is to monitor Genus Power's management team and ensure that shareholders' interests are well served. Genus Power'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, Genus Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Rajendra Agarwal | MD CEO | Profile | |
| Jitendra Agarwal | Joint Director | Profile | |
| Nathu Nama | Chief Officer | Profile | |
| Ankit Jhanjhari | Compliance Secretary | Profile | |
| Chetan Deshpande | Chief Officer | Profile | |
| Sushil Agarwal | Chief Officer | Profile |