Sify Technologies Correlations

SIFY Stock

USD 4.48 0.06 1.32%

The current 90-days correlation between Sify Technologies and ATN International is 0.03 (i.e., Significant diversification). The correlation of Sify Technologies 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.

Sify Technologies Correlation With Market

Average diversification

The correlation between Sify Technologies Limited and DJI is 0.1 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Sify Technologies Limited and DJI in the same portfolio, assuming nothing else is changed.

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Sify Technologies Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in census.

Moving together with Sify Stock

0.92	T	ATT Inc Aggressive Push	Pair Corr
0.86	VZ	Verizon Communications Sell-off Trend	Pair Corr
0.93	TMUS	T Mobile Sell-off Trend	Pair Corr
0.62	IQ	iQIYI Inc	Pair Corr
0.71	KT	KT Corporation	Pair Corr
0.86	TU	Telus Corp	Pair Corr
0.79	WB	Weibo Corp	Pair Corr
0.78	YY	YY Inc Class	Pair Corr
0.96	ZH	Zhihu Inc ADR	Pair Corr
0.8	EVER	EverQuote Class A	Pair Corr
0.74	BATRA	Atlanta Braves Holdings,	Pair Corr
0.7	BATRK	Atlanta Braves Holdings,	Pair Corr

Moving against Sify Stock

0.81	ZD	Ziff Davis	Pair Corr
0.8	TC	TuanChe ADR	Pair Corr
0.73	LUMN	Lumen Technologies	Pair Corr
0.67	OB	Outbrain	Pair Corr
0.48	DOYU	DouYu International	Pair Corr
0.79	ADD	Color Star Technology	Pair Corr
0.71	ANGHW	Anghami Warrants	Pair Corr
0.69	CCO	Clear Channel Outdoor	Pair Corr
0.67	CNK	Cinemark Holdings	Pair Corr
0.63	ADV	Advantage Solutions	Pair Corr
0.61	CHR	Cheer Holding	Pair Corr
0.6	AMC	AMC Entertainment	Pair Corr
0.57	WIMI	WiMi Hologram Cloud	Pair Corr
0.54	CNM	Core Main	Pair Corr
0.45	VSME	VS Media Holdings	Pair Corr
0.42	DRCT	Direct Digital Holdings	Pair Corr
0.39	FLNT	Fluent Inc Earnings Call This Week	Pair Corr

Related Correlations Analysis

	QTEKW	COMS	CRGE	KORE	CNSL	CCOI	LBRDA	RBBN	KT	LBRDK
QTEKW		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	QTEKW
COMS	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	COMS
CRGE	0.0	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	CRGE
KORE	0.0	0.0	0.0		0.0	0.11	0.3	0.21	0.36	0.29	KORE
CNSL	0.0	0.0	0.0	0.0		0.0	0.0	0.0	0.0	0.0	CNSL
CCOI	0.0	0.0	0.0	0.11	0.0		-0.3	0.6	-0.24	-0.27	CCOI
LBRDA	0.0	0.0	0.0	0.3	0.0	-0.3		0.26	0.72	1.0	LBRDA
RBBN	0.0	0.0	0.0	0.21	0.0	0.6	0.26		0.08	0.29	RBBN
KT	0.0	0.0	0.0	0.36	0.0	-0.24	0.72	0.08		0.72	KT
LBRDK	0.0	0.0	0.0	0.29	0.0	-0.27	1.0	0.29	0.72		LBRDK
	QTEKW	COMS	CRGE	KORE	CNSL	CCOI	LBRDA	RBBN	KT	LBRDK

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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

LBRDK	+ 1.0	LBRDA
KT	+ 0.72	LBRDA
LBRDK	+ 0.72	KT
RBBN	+ 0.6	CCOI
KT	+ 0.36	KORE
LBRDA	+ 0.3	KORE

High negative correlations

LBRDA	- 0.3	CCOI
LBRDK	- 0.27	CCOI
KT	- 0.24	CCOI
LBRDK	- 0.0	CNSL
KT	- 0.0	CNSL
RBBN	- 0.0	CNSL

Risk-Adjusted Indicators

There is a big difference between Sify Stock performing well and Sify Technologies 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 Sify Technologies' 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
QTEKW	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
COMS	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CRGE	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
KORE	5.09	1.38	0.26	1.41	4.37	(6.03)	14.41	(8.23)	44.88
CNSL	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
CCOI	1.43	(0.19)	0.00	(0.26)	0.00	0.00	2.49	(3.04)	13.48
LBRDA	1.38	0.12	0.06	0.17	1.90	(1.36)	2.78	(3.12)	9.58
RBBN	2.51	0.09	0.02	0.04	3.37	(2.61)	4.40	(5.11)	24.83
KT	1.00	0.12	0.10	0.19	0.97	(1.06)	2.04	(1.90)	7.12
LBRDK	1.38	0.11	0.05	0.16	1.89	(1.39)	2.68	(3.28)	9.15

Sify Technologies Corporate Management

David Nishball	Chief Strategy Officer	Profile
Ramanujan	Company Secretary	Profile
Arindam Mukherjee	Regional Region	Profile
Praveen Krishna	Investor Officer	Profile

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