Gokul Refoils Correlations
| GOKUL Stock | 48.91 0.47 0.97% |
The current 90-days correlation between Gokul Refoils and Global Education Limited is 0.51 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Gokul Refoils moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Gokul Refoils and moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Gokul Refoils Correlation With Market
Good diversification
The correlation between Gokul Refoils and and DJI is -0.03 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Gokul Refoils and and DJI in the same portfolio, assuming nothing else is changed.
Gokul |
The ability to find closely correlated positions to Gokul Refoils could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Gokul Refoils 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 Gokul Refoils - 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 Gokul Refoils and to buy it.
Moving together with Gokul Stock
Moving against Gokul Stock
Related Correlations Analysis
| 0.73 | 0.92 | 0.83 | 0.3 | 0.97 | 0.91 | GLOBAL | ||
| 0.73 | 0.6 | 0.71 | 0.24 | 0.74 | 0.59 | SILVERTUC | ||
| 0.92 | 0.6 | 0.82 | 0.24 | 0.91 | 0.85 | ONMOBILE | ||
| 0.83 | 0.71 | 0.82 | 0.34 | 0.86 | 0.74 | TCI | ||
| 0.3 | 0.24 | 0.24 | 0.34 | 0.36 | 0.27 | TOTAL | ||
| 0.97 | 0.74 | 0.91 | 0.86 | 0.36 | 0.87 | PNC | ||
| 0.91 | 0.59 | 0.85 | 0.74 | 0.27 | 0.87 | STYLEBAAZA | ||
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Risk-Adjusted Indicators
There is a big difference between Gokul Stock performing well and Gokul Refoils 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 Gokul Refoils' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| GLOBAL | 2.42 | (0.61) | 0.00 | 0.78 | 0.00 | 4.07 | 18.57 | |||
| SILVERTUC | 1.11 | (0.04) | 0.00 | (0.56) | 0.00 | 2.97 | 8.95 | |||
| ONMOBILE | 2.84 | (0.63) | 0.00 | 2.41 | 0.00 | 4.94 | 21.22 | |||
| TCI | 1.76 | (0.13) | 0.00 | 4.61 | 0.00 | 4.06 | 9.07 | |||
| TOTAL | 2.65 | (0.01) | 0.00 | (0.19) | 0.00 | 5.61 | 29.59 | |||
| PNC | 2.48 | (1.35) | 0.00 | (14.16) | 0.00 | 4.45 | 15.11 | |||
| STYLEBAAZA | 2.89 | (0.58) | 0.00 | 1.06 | 0.00 | 5.34 | 23.22 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Gokul Refoils 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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Analyst AdviceAnalyst recommendations and target price estimates broken down by several categories |
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Gokul Refoils Corporate Management
Elected by the shareholders, the Gokul Refoils' board of directors comprises two types of representatives: Gokul Refoils inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Gokul. The board's role is to monitor Gokul Refoils' management team and ensure that shareholders' interests are well served. Gokul Refoils' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Gokul Refoils' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jayeshkumar Thakkar | Pres Planning | Profile | |
| Nitin Malviya | General Finance | Profile | |
| Nikhil Vadera | Company Officer | Profile | |
| Abhinav Mathur | Company Officer | Profile | |
| Vinod BCom | Chief Desk | Profile | |
| CS CA | Chief Officer | Profile |