Majic Wheels Correlations
| MJWL Stock | USD 0.0001 0.00 0.000003% |
A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Majic Wheels moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Majic Wheels Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Majic |
Moving against Majic Stock
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 Majic Stock performing well and Majic Wheels 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 Majic Wheels' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| HNRC | 11.39 | 1.28 | 0.11 | (0.86) | 11.82 | 40.35 | 83.01 | |||
| SEPOF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| ECCI | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| BTQNF | 0.31 | (0.08) | 0.00 | (1.56) | 0.00 | 0.00 | 9.39 | |||
| GARB | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| DGWR | 11.10 | 1.83 | 0.16 | (1.35) | 10.85 | 29.17 | 115.16 | |||
| ECEZ | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| JPEX | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Majic Wheels Corporate Executives
Elected by the shareholders, the Majic Wheels' board of directors comprises two types of representatives: Majic Wheels inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Majic. The board's role is to monitor Majic Wheels' management team and ensure that shareholders' interests are well served. Majic Wheels' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Majic Wheels' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Subramanyeswara Vempati | Executive CFO | Profile | |
| Kottarapattil Don | Executive CTO | Profile |