Pondy Oxides Correlations
| POCL Stock | 633.35 32.60 4.90% |
The current 90-days correlation between Pondy Oxides Chemicals and Ankit Metal Power is 0.25 (i.e., Modest diversification). The correlation of Pondy Oxides 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.
Pondy Oxides Correlation With Market
Good diversification
The correlation between Pondy Oxides Chemicals and DJI is -0.13 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Pondy Oxides Chemicals and DJI in the same portfolio, assuming nothing else is changed.
Pondy |
The ability to find closely correlated positions to Pondy Oxides could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Pondy Oxides 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 Pondy Oxides - 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 Pondy Oxides Chemicals to buy it.
Moving together with Pondy Stock
| 0.75 | NMDC | NMDC Limited Split | PairCorr |
| 0.8 | SAIL | Steel Authority | PairCorr |
| 0.62 | EMBASSY-RR | Embassy Office Parks | PairCorr |
| 0.96 | JAIBALAJI | Jai Balaji Industries Split | PairCorr |
| 0.64 | GNFC | Gujarat Narmada Valley | PairCorr |
| 0.88 | GUJALKALI | Gujarat Alkalies | PairCorr |
| 0.72 | INDIAGLYCO | India Glycols Limited | PairCorr |
| 0.83 | IMFA | Indian Metals Ferro | PairCorr |
Moving against Pondy Stock
| 0.72 | UNIVAFOODS | Univa Foods Limited | PairCorr |
Related Correlations Analysis
| 0.74 | 0.23 | 0.69 | 0.48 | SMLT | ||
| 0.74 | 0.36 | 0.51 | 0.62 | GTECJAINX | ||
| 0.23 | 0.36 | 0.16 | 0.57 | TOTAL | ||
| 0.69 | 0.51 | 0.16 | 0.26 | ANKITMETAL | ||
| 0.48 | 0.62 | 0.57 | 0.26 | UMESLTD | ||
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Risk-Adjusted Indicators
There is a big difference between Pondy Stock performing well and Pondy Oxides 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 Pondy Oxides' 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| SMLT | 2.11 | (0.23) | 0.00 | 0.40 | 0.00 | 4.55 | 15.94 | |||
| GTECJAINX | 2.03 | (0.19) | 0.00 | (0.70) | 0.00 | 4.47 | 9.78 | |||
| TOTAL | 2.60 | 0.24 | 0.09 | 0.27 | 2.47 | 5.61 | 21.59 | |||
| ANKITMETAL | 2.63 | (0.64) | 0.00 | 3.78 | 0.00 | 4.82 | 14.87 | |||
| UMESLTD | 2.53 | (0.35) | 0.00 | (1.49) | 0.00 | 4.89 | 11.05 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Pondy Oxides 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?
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Pondy Oxides Corporate Management
Elected by the shareholders, the Pondy Oxides' board of directors comprises two types of representatives: Pondy Oxides inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Pondy. The board's role is to monitor Pondy Oxides' management team and ensure that shareholders' interests are well served. Pondy Oxides' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Pondy Oxides' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Prabhakar | IT Head | Profile | |
| Premji George | Group operations | Profile | |
| Vijay Balakrishnan | Chief Officer | Profile | |
| Anuradha Nagarajan | General HR | Profile |