Jubilant Foodworks Correlations
| JUBLFOOD | 664.35 10.25 1.52% |
The current 90-days correlation between Jubilant Foodworks and MRF Limited is 0.35 (i.e., Weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jubilant Foodworks moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jubilant Foodworks Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Jubilant |
The ability to find closely correlated positions to Jubilant Foodworks could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jubilant Foodworks 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 Jubilant Foodworks - 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 Jubilant Foodworks Limited to buy it.
Moving together with Jubilant Stock
| 0.76 | TATAMOTORS | Tata Motors Limited | PairCorr |
| 0.62 | ONGC | Oil Natural Gas | PairCorr |
| 0.85 | HCLTECH | HCL Technologies | PairCorr |
| 0.78 | INFY | Infosys Limited | PairCorr |
Moving against Jubilant Stock
Related Correlations Analysis
| 0.51 | 0.9 | 0.89 | -0.09 | -0.14 | 0.81 | MRF | ||
| 0.51 | 0.69 | 0.68 | -0.45 | -0.2 | 0.62 | SUNCLAY | ||
| 0.9 | 0.69 | 0.95 | -0.39 | -0.24 | 0.9 | BOSCHLTD | ||
| 0.89 | 0.68 | 0.95 | -0.37 | -0.37 | 0.95 | VHL | ||
| -0.09 | -0.45 | -0.39 | -0.37 | 0.35 | -0.4 | BAJAJHLDNG | ||
| -0.14 | -0.2 | -0.24 | -0.37 | 0.35 | -0.47 | ABBOTINDIA | ||
| 0.81 | 0.62 | 0.9 | 0.95 | -0.4 | -0.47 | PAGEIND | ||
| 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 Jubilant Stock performing well and Jubilant Foodworks 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 Jubilant Foodworks' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| MRF | 0.88 | (0.23) | 0.00 | 2.12 | 0.00 | 1.88 | 5.14 | |||
| SUNCLAY | 2.77 | (0.03) | 0.00 | (0.11) | 0.00 | 5.11 | 21.93 | |||
| BOSCHLTD | 1.08 | (0.30) | 0.00 | 1.18 | 0.00 | 2.27 | 7.58 | |||
| VHL | 1.99 | (0.41) | 0.00 | (1.48) | 0.00 | 3.32 | 13.99 | |||
| BAJAJHLDNG | 2.11 | 0.23 | 0.10 | 0.69 | 2.45 | 4.36 | 23.58 | |||
| ABBOTINDIA | 1.43 | 0.11 | 0.12 | (0.96) | 1.37 | 2.65 | 8.72 | |||
| PAGEIND | 1.31 | (0.18) | 0.00 | (0.57) | 0.00 | 2.25 | 9.65 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Jubilant Foodworks 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 Portfolio Center Now
Portfolio CenterAll portfolio management and optimization tools to improve performance of your portfolios |
| All Next | Launch Module |
Jubilant Foodworks Corporate Management
Elected by the shareholders, the Jubilant Foodworks' board of directors comprises two types of representatives: Jubilant Foodworks inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jubilant. The board's role is to monitor Jubilant Foodworks' management team and ensure that shareholders' interests are well served. Jubilant Foodworks' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Jubilant Foodworks' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Neeraj Katoch | Senior Channels | Profile | |
| Avinash Kumar | Hongs Engineering | Profile | |
| Sandeep Anand | Executive India | Profile | |
| Deepak Jajodia | Vice Accounts | Profile | |
| Vaneet Singla | Executive Officer | Profile |