Tata Consultancy Correlations
| TCS Stock | 3,606 45.05 1.23% |
The current 90-days correlation between Tata Consultancy Services and Paramount Communications Limited is 0.08 (i.e., Significant diversification). The correlation of Tata Consultancy 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.
Tata Consultancy Correlation With Market
Average diversification
The correlation between Tata Consultancy Services and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Tata Consultancy Services and DJI in the same portfolio, assuming nothing else is changed.
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The ability to find closely correlated positions to Tata Consultancy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Tata Consultancy 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 Tata Consultancy - 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 Tata Consultancy Services to buy it.
Moving together with Tata Stock
| 0.68 | IDEA | Vodafone Idea Limited | PairCorr |
| 0.82 | YESBANK | Yes Bank Limited | PairCorr |
| 0.9 | IOB | Indian Overseas Bank | PairCorr |
Moving against Tata Stock
Related Correlations Analysis
| 0.93 | 0.7 | 0.81 | 0.96 | 0.43 | PARACABLES | ||
| 0.93 | 0.59 | 0.91 | 0.91 | 0.24 | ABAN | ||
| 0.7 | 0.59 | 0.57 | 0.76 | 0.73 | MEGASTAR | ||
| 0.81 | 0.91 | 0.57 | 0.78 | 0.27 | ATFL | ||
| 0.96 | 0.91 | 0.76 | 0.78 | 0.5 | HITECHGEAR | ||
| 0.43 | 0.24 | 0.73 | 0.27 | 0.5 | PATANJALI | ||
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Risk-Adjusted Indicators
There is a big difference between Tata Stock performing well and Tata Consultancy 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 Tata Consultancy'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| PARACABLES | 2.87 | (0.72) | 0.00 | 1.32 | 0.00 | 5.42 | 16.68 | |||
| ABAN | 2.38 | (0.83) | 0.00 | 1.91 | 0.00 | 4.46 | 14.47 | |||
| MEGASTAR | 2.16 | (0.23) | 0.00 | 1.35 | 0.00 | 4.76 | 18.83 | |||
| ATFL | 1.42 | (0.17) | 0.00 | 2.05 | 0.00 | 2.57 | 8.19 | |||
| HITECHGEAR | 1.90 | (0.47) | 0.00 | (4.96) | 0.00 | 3.36 | 9.31 | |||
| PATANJALI | 0.98 | 0.02 | 0.04 | 0.19 | 1.21 | 1.89 | 6.02 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Tata Consultancy 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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Tata Consultancy Corporate Management
Elected by the shareholders, the Tata Consultancy's board of directors comprises two types of representatives: Tata Consultancy inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Tata. The board's role is to monitor Tata Consultancy's management team and ensure that shareholders' interests are well served. Tata Consultancy'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, Tata Consultancy's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Ganapathy MSc | COO Director | Profile | |
| Yashaswin Sheth | Company Officer | Profile | |
| Harrick Vin | Chief Officer | Profile | |
| MTech MSc | Chief Officer | Profile | |
| Kedar Shirali | Head Relations | Profile | |
| Samir Seksaria | Chief Officer | Profile |