Jyoti CNC Correlations
| JYOTICNC | 1,349 5.75 0.42% |
The current 90-days correlation between Jyoti CNC Automation and Kingfa Science Technology is 0.13 (i.e., Average diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Jyoti CNC moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Jyoti CNC Automation moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Jyoti CNC Correlation With Market
Average diversification
The correlation between Jyoti CNC Automation and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Jyoti CNC Automation and DJI in the same portfolio, assuming nothing else is changed.
Jyoti |
The ability to find closely correlated positions to Jyoti CNC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Jyoti CNC 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 Jyoti CNC - 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 Jyoti CNC Automation to buy it.
Moving together with Jyoti Stock
| 0.91 | INDHOTEL | Indian Hotels | PairCorr |
| 0.82 | 360ONE | 360 ONE WAM | PairCorr |
| 0.81 | AGI | AGI Greenpac Limited | PairCorr |
| 0.68 | THOMASCOTT | Thomas Scott Limited | PairCorr |
| 0.8 | FORTIS | Fortis Healthcare | PairCorr |
| 0.61 | NAM-INDIA | Nippon Life India | PairCorr |
| 0.75 | LT | Larsen Toubro Limited | PairCorr |
| 0.77 | ZOMATO | Zomato Limited | PairCorr |
| 0.64 | PAGEIND | Page Industries | PairCorr |
| 0.73 | STEELCAS | Steelcast Limited | PairCorr |
| 0.69 | WELCORP | Welspun Corp Limited | PairCorr |
| 0.72 | HDFCBANK | HDFC Bank Limited | PairCorr |
| 0.61 | LANDMARK | Landmark Cars Limited | PairCorr |
Related Correlations Analysis
| 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
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Risk-Adjusted Indicators
There is a big difference between Jyoti Stock performing well and Jyoti CNC 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 Jyoti CNC'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KAUSHALYA | 1.48 | 0.02 | 0.00 | 0.09 | 1.94 | 2.82 | 8.93 | |||
| TARAPUR | 2.41 | 1.04 | 0.48 | (6.80) | 1.64 | 4.98 | 7.02 | |||
| KINGFA | 1.76 | 0.06 | 0.02 | 0.53 | 1.81 | 3.98 | 8.70 | |||
| RICOAUTO | 1.70 | (0.50) | 0.00 | (0.64) | 0.00 | 3.21 | 9.85 | |||
| GATECHDVR | 2.43 | (0.30) | 0.00 | 3.20 | 0.00 | 4.08 | 12.29 | |||
| COSMOFIRST | 2.11 | 0.34 | 0.11 | (2.20) | 2.33 | 5.20 | 21.02 | |||
| DELTAMAGNT | 2.53 | 0.19 | 0.08 | 0.19 | 2.42 | 8.07 | 19.73 | |||
| TBZ | 2.70 | (0.09) | 0.00 | (0.13) | 0.00 | 6.65 | 17.64 | |||
| PARAGMILK | 2.22 | 0.07 | 0.02 | 0.15 | 2.57 | 5.30 | 12.83 | |||
| HEUBACHIND | 1.15 | 0.07 | 0.01 | 1.00 | 2.90 | 4.20 | 28.13 |
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Our tools can tell you how much better you can do entering a position in Jyoti CNC 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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Jyoti CNC Corporate Management
Elected by the shareholders, the Jyoti CNC's board of directors comprises two types of representatives: Jyoti CNC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Jyoti. The board's role is to monitor Jyoti CNC's management team and ensure that shareholders' interests are well served. Jyoti CNC'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, Jyoti CNC's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Vijaysinh Zala | Research Design | Profile | |
| Kamlesh Solanki | Chief Officer | Profile | |
| Maulik Gandhi | Compliance Secretary | Profile | |
| Hitesh Patel | General Assembly | Profile |