NRB Industrial Correlations
| NIBL Stock | 27.57 0.74 2.61% |
The correlation of NRB Industrial 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. If the correlation is 0, the equities are not correlated; they are entirely random.
NRB Industrial Correlation With Market
Significant diversification
The correlation between NRB Industrial Bearings and DJI is 0.01 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding NRB Industrial Bearings and DJI in the same portfolio, assuming nothing else is changed.
NRB |
The ability to find closely correlated positions to NRB Industrial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace NRB Industrial 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 NRB Industrial - 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 NRB Industrial Bearings to buy it.
Moving together with NRB Stock
Moving against NRB Stock
| 0.8 | JSWHL | JSW Holdings Limited | PairCorr |
| 0.8 | NSIL | Nalwa Sons Investments | PairCorr |
| 0.7 | SUMMITSEC | Summit Securities | PairCorr |
| 0.65 | VHL | Vardhman Holdings | PairCorr |
| 0.63 | PILANIINVS | Pilani Investment | PairCorr |
| 0.41 | NBIFIN | N B I | PairCorr |
| 0.4 | KICL | Kalyani Investment | 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 NRB Stock performing well and NRB Industrial 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 NRB Industrial'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| KINGFA | 1.67 | (0.14) | 0.00 | (0.81) | 0.00 | 3.60 | 9.31 | |||
| GTL | 2.70 | (0.25) | 0.00 | (0.13) | 0.00 | 6.07 | 26.51 | |||
| INDOAMIN | 2.99 | 0.04 | 0.00 | 0.16 | 3.54 | 6.24 | 21.64 | |||
| HDFCSENETF | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||
| EXIDEIND | 1.69 | (0.09) | 0.00 | 0.45 | 0.00 | 3.58 | 10.76 | |||
| DELTAMAGNT | 2.43 | 0.12 | 0.06 | 0.22 | 2.10 | 9.79 | 19.73 | |||
| EIDPARRY | 1.55 | 0.05 | (0.01) | 0.26 | 1.96 | 3.61 | 9.18 | |||
| LAKPRE | 1.79 | 0.03 | 0.00 | 0.17 | 2.45 | 4.92 | 14.85 | |||
| PARAGMILK | 2.14 | 0.04 | 0.00 | 0.19 | 2.47 | 5.30 | 12.83 | |||
| AUSOMENT | 3.36 | 0.28 | 0.02 | (0.30) | 4.01 | 6.80 | 30.00 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in NRB Industrial 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 Pair Correlation Now
Pair CorrelationCompare performance and examine fundamental relationship between any two equity instruments |
| All Next | Launch Module |
NRB Industrial Corporate Management
Elected by the shareholders, the NRB Industrial's board of directors comprises two types of representatives: NRB Industrial inside directors who are chosen from within the company, and outside directors, selected externally and held independent of NRB. The board's role is to monitor NRB Industrial's management team and ensure that shareholders' interests are well served. NRB Industrial'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, NRB Industrial's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Gulestan Kolah | Chief Officer | Profile | |
| Vandana Yadav | Company Officer | Profile | |
| BE CFA | Chief Officer | Profile | |
| MBA BBA | Executive MD | Profile | |
| Nilesh Wargantiwar | Vice Marketing | Profile |