Roadzen Correlations

RDZNW Stock

0.07 0.01 8.36%

The current 90-days correlation between Roadzen and Willamette Valley Vineyards is -0.01 (i.e., Good diversification). The correlation of Roadzen 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.

Roadzen Correlation With Market

Good diversification

The correlation between Roadzen and DJI is -0.05 (i.e., Good diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Roadzen and DJI in the same portfolio, assuming nothing else is changed.

Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Roadzen. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy Roadzen Stock please use our How to Invest in Roadzen guide.

Moving against Roadzen Stock

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0.56	PD	Pagerduty	Pair Corr
0.37	VERB	VERB TECHNOLOGY PANY	Pair Corr
0.57	ETWO	E2open Parent Holdings	Pair Corr
0.49	VTEX	VTEX	Pair Corr
0.46	EVOL	Evolving Systems	Pair Corr
0.37	VTSI	VirTra Inc	Pair Corr

Related Correlations Analysis

	EDTK	EDU	WVVIP	SCHL	COCO	WBTN	ZNAE	ISPR
EDTK		-0.06	-0.03	-0.58	0.12	0.43	0.0	-0.66	EDTK
EDU	-0.06		0.04	0.06	-0.5	0.1	0.0	0.1	EDU
WVVIP	-0.03	0.04		0.3	0.12	0.08	0.0	0.24	WVVIP
SCHL	-0.58	0.06	0.3		-0.11	-0.53	0.0	0.8	SCHL
COCO	0.12	-0.5	0.12	-0.11		0.56	0.0	-0.28	COCO
WBTN	0.43	0.1	0.08	-0.53	0.56		0.0	-0.6	WBTN
ZNAE	0.0	0.0	0.0	0.0	0.0	0.0		0.0	ZNAE
ISPR	-0.66	0.1	0.24	0.8	-0.28	-0.6	0.0		ISPR
	EDTK	EDU	WVVIP	SCHL	COCO	WBTN	ZNAE	ISPR

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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

ISPR	+ 0.8	SCHL
WBTN	+ 0.56	COCO
WBTN	+ 0.43	EDTK
SCHL	+ 0.3	WVVIP
ISPR	+ 0.24	WVVIP
COCO	+ 0.12	EDTK

High negative correlations

ISPR	- 0.66	EDTK
ISPR	- 0.6	WBTN
SCHL	- 0.58	EDTK
WBTN	- 0.53	SCHL
COCO	- 0.5	EDU
ISPR	- 0.28	COCO

Risk-Adjusted Indicators

There is a big difference between Roadzen Stock performing well and Roadzen 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 Roadzen'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
EDTK	3.06	0.19	0.05	1.91	3.24	(3.69)	7.22	(5.61)	14.88
EDU	2.03	(0.28)	0.00	(0.69)	0.00	0.00	2.77	(4.66)	17.28
WVVIP	2.12	(0.10)	0.00	0.42	0.00	0.00	5.65	(3.99)	13.21
SCHL	2.12	(0.39)	0.00	(0.43)	0.00	0.00	4.17	(3.45)	27.04
COCO	1.40	0.28	0.17	0.41	1.32	(1.67)	3.72	(2.41)	13.05
WBTN	2.36	0.23	0.07	0.98	2.89	(2.34)	5.44	(4.53)	13.59
ZNAE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
ISPR	2.95	(0.53)	0.00	(0.81)	0.00	0.00	6.08	(6.19)	21.83

Roadzen Corporate Management

Ankur Kamboj	Chief Officer	Profile
Bruce Goldberg	General Counsel	Profile
Mohit Pasricha	Senior Finance	Profile
Xavier Blanchard	Executive Officer	Profile
JeanNoel Gallardo	Chief Officer	Profile
Sanya Soni	Chief Staff	Profile

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