KEI Industries Correlations
| KEI Stock | 4,177 18.55 0.44% |
The current 90-days correlation between KEI Industries and State Bank of is 0.18 (i.e., Average diversification). The correlation of KEI Industries 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.
KEI Industries Correlation With Market
Significant diversification
The correlation between KEI Industries Limited and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding KEI Industries Limited and DJI in the same portfolio, assuming nothing else is changed.
KEI |
The ability to find closely correlated positions to KEI Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace KEI Industries 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 KEI Industries - 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 KEI Industries Limited to buy it.
Moving together with KEI Stock
| 0.72 | ZOMATO | Zomato Limited | PairCorr |
| 0.69 | AGARIND | Agarwal Industrial | PairCorr |
| 0.65 | ASALCBR | Associated Alcohols | PairCorr |
| 0.67 | VEDL | Vedanta Limited | PairCorr |
| 0.65 | APLAPOLLO | APL Apollo Tubes | PairCorr |
| 0.74 | LANDMARK | Landmark Cars Limited | PairCorr |
| 0.77 | DYNAMATECH | Dynamatic Technologies | PairCorr |
| 0.71 | DELTAMAGNT | Delta Manufacturing | PairCorr |
| 0.69 | CAPACITE | Capacite Infraprojects | PairCorr |
| 0.62 | AGI | AGI Greenpac Limited | PairCorr |
Moving against KEI Stock
| 0.53 | PILANIINVS | Pilani Investment | PairCorr |
Related Correlations Analysis
| -0.09 | 0.75 | 0.59 | -0.47 | SBIN | ||
| -0.09 | 0.06 | 0.33 | 0.82 | LICI | ||
| 0.75 | 0.06 | 0.81 | -0.32 | HDFCBANK | ||
| 0.59 | 0.33 | 0.81 | 0.03 | ICICIBANK | ||
| -0.47 | 0.82 | -0.32 | 0.03 | RELIANCE | ||
| 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 KEI Stock performing well and KEI Industries 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 KEI Industries' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SBIN | 1.18 | 0.04 | 0.02 | 0.11 | 1.38 | 2.58 | 7.90 | |||
| LICI | 1.11 | (0.21) | 0.00 | (0.31) | 0.00 | 2.23 | 8.86 | |||
| HDFCBANK | 0.99 | 0.04 | 0.01 | 0.19 | 1.18 | 2.25 | 5.51 | |||
| ICICIBANK | 0.98 | 0.00 | (0.03) | 0.02 | 1.16 | 2.76 | 6.92 | |||
| RELIANCE | 1.06 | (0.31) | 0.00 | (0.76) | 0.00 | 1.68 | 5.51 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in KEI Industries 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 Sectors Now
SectorsList of equity sectors categorizing publicly traded companies based on their primary business activities |
| All Next | Launch Module |
KEI Industries Corporate Management
Elected by the shareholders, the KEI Industries' board of directors comprises two types of representatives: KEI Industries inside directors who are chosen from within the company, and outside directors, selected externally and held independent of KEI. The board's role is to monitor KEI Industries' management team and ensure that shareholders' interests are well served. KEI Industries' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, KEI Industries' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Manish Mantri | Senior EPC | Profile | |
| Kishore Kunal | Company Finance | Profile | |
| Dilip Barnwal | Vice Operations | Profile | |
| Lalit Sharma | Chief Officer | Profile | |
| Adarsh Jain | Vice Finance | Profile | |
| K Sharma | Senior Operation | Profile | |
| Kali Sharma | Senior Plants | Profile |