India Globalization Correlations
| IGC Stock | USD 0.31 0.01 3.13% |
The current 90-days correlation between India Globalization and vTv Therapeutics is -0.06 (i.e., Good diversification). The correlation of India Globalization 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.
India Globalization Correlation With Market
Good diversification
The correlation between India Globalization Capital and DJI is -0.09 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding India Globalization Capital and DJI in the same portfolio, assuming nothing else is changed.
India |
Moving together with India Stock
| 0.72 | VSTE | Vast Renewables | PairCorr |
| 0.73 | EFSH | 1847 Holdings LLC | PairCorr |
| 0.76 | CNR | Core Natural Resources, Symbol Change | PairCorr |
| 0.7 | HON | Honeywell International | PairCorr |
| 0.62 | MPU | Mega Matrix Corp | PairCorr |
| 0.65 | SOL | Emeren Group | PairCorr |
| 0.68 | HYLN | Hyliion Holdings Corp | PairCorr |
| 0.74 | PITA | Heramba Electric plc | PairCorr |
| 0.61 | SHLS | Shoals Technologies | PairCorr |
| 0.72 | SLDP | Solid Power | PairCorr |
| 0.72 | BEEM | Beam Global | PairCorr |
Moving against India Stock
| 0.64 | BBU | Brookfield Business | PairCorr |
| 0.52 | NXT | Nextracker Class A | PairCorr |
| 0.47 | MMM | 3M Company | PairCorr |
| 0.47 | VMI | Valmont Industries | PairCorr |
| 0.38 | WPRT | Westport Fuel Systems | PairCorr |
| 0.69 | G | Genpact Limited | PairCorr |
| 0.67 | PLOW | Douglas Dynamics | PairCorr |
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
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between India Stock performing well and India Globalization 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 India Globalization'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| OGEN | 4.42 | (0.56) | 0.00 | 1.46 | 0.00 | 10.71 | 33.75 | |||
| VTVT | 4.75 | 0.69 | 0.15 | 0.25 | 4.03 | 8.18 | 66.14 | |||
| INPX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| XXII | 7.13 | (1.31) | 0.00 | (0.43) | 0.00 | 17.03 | 80.50 | |||
| CVSI | 8.39 | 1.10 | 0.04 | (0.90) | 9.71 | 33.33 | 58.33 |
India Globalization Corporate Management
| John Lynch | Director | Profile | |
| Ranga MD | Advisor | Profile | |
| Rohit Goel | Manager and Principal Accounting Officer | Profile | |
| M Mukunda | Co Sec | Profile |