NCC Correlations

NCC Stock

309.70 6.35 2.09%

The current 90-days correlation between NCC Limited and The Orissa Minerals is 0.45 (i.e., Very weak diversification). The correlation of NCC 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.

NCC Correlation With Market

Average diversification

The correlation between NCC Limited and DJI is 0.13 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NCC Limited and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to NCC could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NCC 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 NCC - 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 NCC Limited to buy it.

Moving together with NCC Stock

0.73	RELIANCE	Reliance Industries Split	Pair Corr
0.66	TCS	Tata Consultancy Services	Pair Corr
0.69	PFC	Power Finance	Pair Corr

Moving against NCC Stock

0.36

HDFCBANK

HDFC Bank Limited

Pair Corr

Related Correlations Analysis

	ORISSAMINE	MALUPAPER	KINGFA	RICOAUTO	GATECHDVR	COSMOFIRST	DELTAMAGNT	TBZ	PARAGMILK	HEUBACHIND
ORISSAMINE		0.46	0.56	0.53	-0.04	-0.03	0.23	0.63	0.02	0.37	ORISSAMINE
MALUPAPER	0.46		0.72	0.75	0.49	0.44	0.06	0.26	-0.09	0.27	MALUPAPER
KINGFA	0.56	0.72		0.92	0.59	0.57	0.18	0.42	-0.33	0.24	KINGFA
RICOAUTO	0.53	0.75	0.92		0.75	0.52	0.07	0.21	-0.43	0.21	RICOAUTO
GATECHDVR	-0.04	0.49	0.59	0.75		0.47	-0.2	-0.37	-0.41	0.09	GATECHDVR
COSMOFIRST	-0.03	0.44	0.57	0.52	0.47		0.24	0.07	-0.16	-0.1	COSMOFIRST
DELTAMAGNT	0.23	0.06	0.18	0.07	-0.2	0.24		0.29	0.09	-0.13	DELTAMAGNT
TBZ	0.63	0.26	0.42	0.21	-0.37	0.07	0.29		0.06	0.03	TBZ
PARAGMILK	0.02	-0.09	-0.33	-0.43	-0.41	-0.16	0.09	0.06		0.33	PARAGMILK
HEUBACHIND	0.37	0.27	0.24	0.21	0.09	-0.1	-0.13	0.03	0.33		HEUBACHIND
	ORISSAMINE	MALUPAPER	KINGFA	RICOAUTO	GATECHDVR	COSMOFIRST	DELTAMAGNT	TBZ	PARAGMILK	HEUBACHIND

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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

RICOAUTO	+ 0.92	KINGFA
RICOAUTO	+ 0.75	MALUPAPER
GATECHDVR	+ 0.75	RICOAUTO
KINGFA	+ 0.72	MALUPAPER
TBZ	+ 0.63	ORISSAMINE
GATECHDVR	+ 0.59	KINGFA

High negative correlations

PARAGMILK	- 0.43	RICOAUTO
PARAGMILK	- 0.41	GATECHDVR
TBZ	- 0.37	GATECHDVR
PARAGMILK	- 0.33	KINGFA
DELTAMAGNT	- 0.2	GATECHDVR
PARAGMILK	- 0.16	COSMOFIRST

Risk-Adjusted Indicators

There is a big difference between NCC Stock performing well and NCC 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 NCC'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
ORISSAMINE	1.89	(0.13)	0.00	(0.03)	0.00	0.00	4.29	(4.12)	11.83
MALUPAPER	1.95	(0.03)	0.00	0.22	0.00	0.00	2.84	(4.66)	26.10
KINGFA	1.74	(0.06)	0.00	(0.22)	0.00	0.00	4.55	(3.65)	9.31
RICOAUTO	1.76	(0.51)	0.00	(0.65)	0.00	0.00	3.36	(4.52)	11.81
GATECHDVR	3.18	(1.18)	0.00	(2.76)	0.00	0.00	4.08	(5.56)	12.29
COSMOFIRST	1.45	(0.03)	(0.06)	0.01	1.90	(1.47)	3.00	(3.76)	9.76
DELTAMAGNT	2.42	0.10	0.05	0.22	2.10	(3.31)	9.79	(3.72)	19.73
TBZ	3.33	0.26	0.04	1.07	3.44	(3.96)	10.00	(5.61)	27.64
PARAGMILK	2.15	0.05	0.00	0.22	2.51	(2.35)	5.30	(4.75)	12.83
HEUBACHIND	1.75	0.02	(0.02)	0.19	3.20	(2.06)	6.95	(3.00)	28.86

Be your own money manager

Our tools can tell you how much better you can do entering a position in NCC 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.

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NCC Corporate Management

Elected by the shareholders, the NCC's board of directors comprises two types of representatives: NCC inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NCC. The board's role is to monitor NCC's management team and ensure that shareholders' interests are well served. NCC'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, NCC's outside directors are responsible for providing unbiased perspectives on the board's policies.

Krishna Kakumani	Executive Audit	Profile
M Murthy	Company Legal	Profile
N Raju	Senior Commercial	Profile
Mallela Murthy	Executive Secretary	Profile
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