HEG Correlations

HEG Stock   532.30  9.25  1.71%   
The current 90-days correlation between HEG Limited and Ratnamani Metals Tubes is 0.12 (i.e., Average diversification). The correlation of HEG 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.

HEG Correlation With Market

Average diversification

The correlation between HEG Limited and DJI is 0.19 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding HEG Limited and DJI in the same portfolio, assuming nothing else is changed.
  
The ability to find closely correlated positions to HEG could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace HEG 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 HEG - 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 HEG Limited to buy it.

Moving together with HEG Stock

  0.75STEELCAS Steelcast LimitedPairCorr
  0.66ZOMATO Zomato LimitedPairCorr
  0.88AGARIND Agarwal IndustrialPairCorr
  0.85ASALCBR Associated AlcoholsPairCorr
  0.65360ONE 360 ONE WAMPairCorr
  0.73VEDL Vedanta LimitedPairCorr
  0.77APLAPOLLO APL Apollo TubesPairCorr
  0.68LANDMARK Landmark Cars LimitedPairCorr
  0.63LT Larsen Toubro LimitedPairCorr
  0.85DYNAMATECH Dynamatic TechnologiesPairCorr
  0.79DELTAMAGNT Delta ManufacturingPairCorr
  0.79CAPACITE Capacite InfraprojectsPairCorr
  0.86AGI AGI Greenpac LimitedPairCorr
  0.62WELCORP Welspun Corp LimitedPairCorr
  0.8STYRENIX Styrenix PerformancePairCorr
  0.77NEWGEN Newgen Software TechPairCorr
  0.72THOMASCOTT Thomas Scott LimitedPairCorr
  0.73LLOYDSME LLOYDS METALS ANDPairCorr

Moving against HEG Stock

  0.34PILANIINVS Pilani InvestmentPairCorr

Related Correlations Analysis

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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   
SMLTSBCL
RATNAMANIEMBASSY
HILTONBRNL
IMFAHILTON
SMLTEMBASSY
SBCLEMBASSY
  
High negative correlations   
IMFARATNAMANI
IMFAEMBASSY
IMFASMLT
IMFASBCL
RATNAMANIHILTON
EMBASSYHILTON

Risk-Adjusted Indicators

There is a big difference between HEG Stock performing well and HEG 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 HEG'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.

Be your own money manager

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

Elected by the shareholders, the HEG's board of directors comprises two types of representatives: HEG inside directors who are chosen from within the company, and outside directors, selected externally and held independent of HEG. The board's role is to monitor HEG's management team and ensure that shareholders' interests are well served. HEG'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, HEG's outside directors are responsible for providing unbiased perspectives on the board's policies.
Vivek ChaudharyCompliance SecretaryProfile
Virendra ShrivastavaAssistant OperationsProfile
Jacob ManiChief OfficerProfile
Gulshan SakhujaChief OfficerProfile
Ravi TripathiChief OfficerProfile
Om AjmeraGroup OfficerProfile