Maharashtra Seamless Correlations
| MAHSEAMLES | 695.25 9.95 1.41% |
The current 90-days correlation between Maharashtra Seamless and Embassy Office Parks is -0.26 (i.e., Very good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Maharashtra Seamless moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Maharashtra Seamless Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Maharashtra Seamless Correlation With Market
Good diversification
The correlation between Maharashtra Seamless Limited and DJI is -0.1 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Maharashtra Seamless Limited and DJI in the same portfolio, assuming nothing else is changed.
Maharashtra |
The ability to find closely correlated positions to Maharashtra Seamless could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Maharashtra Seamless 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 Maharashtra Seamless - 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 Maharashtra Seamless Limited to buy it.
Moving together with Maharashtra Stock
| 0.82 | IMFA | Indian Metals Ferro | PairCorr |
| 0.69 | ICICIBANK | ICICI Bank Limited | PairCorr |
| 0.91 | STEELCAS | Steelcast Limited | PairCorr |
| 0.78 | DYNAMATECH | Dynamatic Technologies | PairCorr |
| 0.73 | THOMASCOTT | Thomas Scott Limited | PairCorr |
| 0.81 | CAPACITE | Capacite Infraprojects | PairCorr |
| 0.79 | DELTAMAGNT | Delta Manufacturing | PairCorr |
| 0.79 | 360ONE | 360 ONE WAM | PairCorr |
| 0.71 | MANGCHEFER | Mangalore Chemicals | PairCorr |
| 0.73 | GRWRHITECH | Garware Hi Tech | PairCorr |
| 0.68 | NEWGEN | Newgen Software Tech | PairCorr |
| 0.63 | ZOMATO | Zomato Limited | PairCorr |
| 0.83 | COSMOFIRST | COSMO FIRST LIMITED | PairCorr |
| 0.89 | AGI | AGI Greenpac Limited | PairCorr |
| 0.89 | KEC | KEC International | PairCorr |
| 0.61 | SBIN | State Bank | PairCorr |
| 0.79 | LLOYDSME | LLOYDS METALS AND | PairCorr |
| 0.72 | PAGEIND | Page Industries | PairCorr |
| 0.88 | STYRENIX | Styrenix Performance | PairCorr |
| 0.81 | INDHOTEL | Indian Hotels | PairCorr |
| 0.82 | NAM-INDIA | Nippon Life India | PairCorr |
| 0.76 | FORTIS | Fortis Healthcare | PairCorr |
Moving against Maharashtra Stock
| 0.59 | EMBASSY-RR | Embassy Office Parks | PairCorr |
| 0.52 | JTLIND | JTL Industries Split | PairCorr |
| 0.47 | VENUSPIPES | Venus Pipes Tubes | PairCorr |
| 0.46 | GUJALKALI | Gujarat Alkalies | PairCorr |
| 0.38 | RELIANCE | Reliance Industries Split | PairCorr |
| 0.35 | ONGC | Oil Natural Gas | PairCorr |
| 0.31 | IOC | Indian Oil | PairCorr |
| 0.33 | SBCL | Shivalik Bimetal Controls | 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
|
Risk-Adjusted Indicators
There is a big difference between Maharashtra Stock performing well and Maharashtra Seamless 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 Maharashtra Seamless' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| NMDC | 6.40 | 1.90 | 0.16 | 3.49 | 9.03 | 3.76 | 266.37 | |||
| SAIL | 1.63 | (0.21) | 0.00 | (1.46) | 0.00 | 3.70 | 8.70 | |||
| EMBASSY-RR | 0.94 | (0.07) | 0.00 | (0.42) | 0.00 | 2.12 | 7.74 | |||
| GNFC | 1.41 | (0.22) | 0.00 | (1.07) | 0.00 | 2.45 | 11.02 | |||
| GUJALKALI | 1.28 | (0.10) | 0.00 | (7.26) | 0.00 | 2.99 | 10.86 | |||
| IMFA | 2.06 | 0.40 | 0.17 | 2.00 | 1.94 | 4.97 | 13.39 | |||
| JTLIND | 2.69 | (1.07) | 0.00 | 1.56 | 0.00 | 3.60 | 55.88 | |||
| INDIAGLYCO | 2.44 | 0.09 | 0.02 | 0.23 | 2.82 | 5.48 | 23.17 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Maharashtra Seamless 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 Equity Valuation Now
Equity ValuationCheck real value of public entities based on technical and fundamental data |
| All Next | Launch Module |
Maharashtra Seamless Corporate Management
Elected by the shareholders, the Maharashtra Seamless' board of directors comprises two types of representatives: Maharashtra Seamless inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Maharashtra. The board's role is to monitor Maharashtra Seamless' management team and ensure that shareholders' interests are well served. Maharashtra Seamless' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Maharashtra Seamless' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sarat Mohanty | Chief Officer | Profile | |
| Mukesh Dubey | Head Technical | Profile | |
| Ram Nigam | Compliance Secretary | Profile | |
| Kaushal Bengani | Senior Relations | Profile |