Zaggle Prepaid Correlations
| ZAGGLE Stock | 547.05 18.15 3.43% |
The current 90-days correlation between Zaggle Prepaid Ocean and Reliance Industries Limited is 0.14 (i.e., Average diversification). The correlation of Zaggle Prepaid 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.
Zaggle Prepaid Correlation With Market
Average diversification
The correlation between Zaggle Prepaid Ocean 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 Zaggle Prepaid Ocean and DJI in the same portfolio, assuming nothing else is changed.
Zaggle |
The ability to find closely correlated positions to Zaggle Prepaid could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Zaggle Prepaid 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 Zaggle Prepaid - 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 Zaggle Prepaid Ocean to buy it.
Moving together with Zaggle Stock
| 0.62 | ICICIBANK | ICICI Bank Limited | PairCorr |
| 0.78 | KREBSBIO | Krebs Biochemicals and | PairCorr |
| 0.81 | INDRAMEDCO | Indraprastha Medical | PairCorr |
| 0.87 | DELTAMAGNT | Delta Manufacturing | PairCorr |
| 0.92 | MANAKCOAT | Manaksia Coated Metals | PairCorr |
| 0.8 | SINCLAIR | SINCLAIRS HOTELS ORD | PairCorr |
| 0.65 | SUMMITSEC | Summit Securities | PairCorr |
| 0.81 | AGARIND | Agarwal Industrial | PairCorr |
| 0.62 | ANGELONE | Angel One Limited | PairCorr |
| 0.83 | KSL | Kalyani Steels | PairCorr |
| 0.76 | MANGCHEFER | Mangalore Chemicals | PairCorr |
| 0.7 | DYCL | Dynamic Cables | PairCorr |
| 0.76 | ZODIACLOTH | Zodiac Clothing | PairCorr |
| 0.65 | ROTO | Roto Pumps Limited Split | PairCorr |
| 0.87 | 63MOONS | 63 moons technologies | PairCorr |
| 0.74 | WELCORP | Welspun Corp Limited | PairCorr |
| 0.84 | COSMOFIRST | COSMO FIRST LIMITED | PairCorr |
| 0.88 | JYOTICNC | Jyoti CNC Automation | PairCorr |
| 0.74 | JAGSNPHARM | Jagsonpal Pharmaceuticals | PairCorr |
| 0.68 | SASKEN | Sasken Technologies | PairCorr |
| 0.73 | NIITLTD | NIIT Limited | PairCorr |
| 0.71 | GANESHHOUC | Ganesh Housing | PairCorr |
| 0.79 | LLOYDSME | LLOYDS METALS AND | PairCorr |
| 0.86 | ZENSARTECH | Zensar Technologies | PairCorr |
Moving against Zaggle Stock
| 0.47 | SBCL | Shivalik Bimetal Controls | PairCorr |
| 0.45 | RELIANCE | Reliance Industries Split | PairCorr |
| 0.45 | ONGC | Oil Natural Gas | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Zaggle Stock performing well and Zaggle Prepaid 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 Zaggle Prepaid'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| RELIANCE | 1.06 | (0.31) | 0.00 | (0.76) | 0.00 | 1.68 | 5.51 | |||
| LICI | 1.11 | (0.21) | 0.00 | (0.31) | 0.00 | 2.23 | 8.86 | |||
| IOC | 1.28 | (0.27) | 0.00 | (2.42) | 0.00 | 2.23 | 9.09 | |||
| ONGC | 1.12 | (0.25) | 0.00 | (0.65) | 0.00 | 1.86 | 6.97 |
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Zaggle Prepaid Corporate Management
Elected by the shareholders, the Zaggle Prepaid's board of directors comprises two types of representatives: Zaggle Prepaid inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Zaggle. The board's role is to monitor Zaggle Prepaid's management team and ensure that shareholders' interests are well served. Zaggle Prepaid'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, Zaggle Prepaid's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Sathish N | Chief Officer | Profile | |
| Vidya Khetawat | Chief Officer | Profile | |
| Abhishek Bhattacharjee | Head Initiatives | Profile | |
| Srikanth Gaddam | Chief Officer | Profile | |
| Venkata Grandhi | Chief Officer | Profile | |
| Jitender Aswal | Regional South | Profile |