SBI Cards Correlations
| SBICARD Stock | 679.20 16.70 2.40% |
The correlation of SBI Cards 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.
SBI Cards Correlation With Market
Significant diversification
The correlation between SBI Cards and and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding SBI Cards and and DJI in the same portfolio, assuming nothing else is changed.
SBI |
The ability to find closely correlated positions to SBI Cards could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace SBI Cards 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 SBI Cards - 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 SBI Cards and to buy it.
Moving together with SBI Stock
| 0.9 | IDEA | Vodafone Idea Limited | PairCorr |
| 0.89 | YESBANK | Yes Bank Limited | PairCorr |
| 0.74 | IOB | Indian Overseas Bank | PairCorr |
| 0.81 | IOC | Indian Oil | PairCorr |
| 0.86 | SUZLON | Suzlon Energy Limited | PairCorr |
| 0.62 | APOLSINHOT | Apollo Sindoori Hotels | PairCorr |
Moving against SBI Stock
| 0.59 | IITL | Industrial Investment | PairCorr |
| 0.58 | JSWHL | JSW Holdings Limited | PairCorr |
| 0.46 | GILLETTE | Gillette India | PairCorr |
| 0.37 | HYBRIDFIN | Hybrid Financial Services | PairCorr |
| 0.36 | SUMMITSEC | Summit Securities | PairCorr |
| 0.54 | RAINBOW | Rainbow Childrens | PairCorr |
| 0.51 | PILANIINVS | Pilani Investment | PairCorr |
| 0.37 | GRWRHITECH | Garware Hi Tech | PairCorr |
| 0.36 | PAGEIND | Page Industries | PairCorr |
| 0.33 | MANGCHEFER | Mangalore Chemicals | 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 SBI Stock performing well and SBI Cards 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 SBI Cards' 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 | 1.75 | 0.06 | 0.02 | 0.16 | 1.74 | 3.98 | 8.70 | |||
| RICOAUTO | 1.69 | (0.46) | 0.00 | (1.48) | 0.00 | 3.21 | 9.85 | |||
| GATECHDVR | 2.36 | (0.24) | 0.00 | 2.34 | 0.00 | 4.08 | 12.29 | |||
| COSMOFIRST | 2.11 | 0.30 | 0.09 | (0.66) | 2.32 | 5.20 | 21.02 | |||
| DELTAMAGNT | 2.58 | 0.17 | 0.05 | 1.52 | 2.57 | 8.07 | 19.73 | |||
| TBZ | 2.68 | (0.20) | 0.00 | 3.90 | 0.00 | 6.65 | 17.64 | |||
| PARAGMILK | 2.22 | 0.07 | 0.02 | 0.20 | 2.54 | 5.30 | 12.83 | |||
| HEUBACHIND | 1.15 | 0.06 | 0.01 | 0.23 | 2.93 | 4.20 | 28.13 | |||
| CHEMCON | 1.15 | (0.33) | 0.00 | (8.76) | 0.00 | 2.23 | 7.46 | |||
| ARVIND | 2.25 | 0.06 | 0.01 | 0.35 | 2.26 | 4.02 | 24.08 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in SBI Cards 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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SBI Cards Corporate Management
Elected by the shareholders, the SBI Cards' board of directors comprises two types of representatives: SBI Cards inside directors who are chosen from within the company, and outside directors, selected externally and held independent of SBI. The board's role is to monitor SBI Cards' management team and ensure that shareholders' interests are well served. SBI Cards' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, SBI Cards' outside directors are responsible for providing unbiased perspectives on the board's policies.
| Monish Vohra | Executive Operations | Profile | |
| Anu Gupta | Executive Collections | Profile | |
| Dhananjay Khanna | Senior Officer | Profile | |
| Nandini Malhotra | Executive Officer | Profile | |
| Manish Dewan | Executive Services | Profile | |
| Shantanu Srivastava | Executive Officer | Profile |