Adani Power Correlations
| ADANIPOWER | 144.97 1.79 1.22% |
The current 90-days correlation between Adani Power Limited and Dhampur Bio Organics is -0.05 (i.e., Good diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Adani Power moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Adani Power Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction.
Adani Power Correlation With Market
Significant diversification
The correlation between Adani Power Limited and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Adani Power Limited and DJI in the same portfolio, assuming nothing else is changed.
Adani |
The ability to find closely correlated positions to Adani Power could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Adani Power 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 Adani Power - 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 Adani Power Limited to buy it.
Moving together with Adani Stock
| 0.68 | MRF | MRF Limited | PairCorr |
| 0.61 | STARHEALTH | Star Health | PairCorr |
| 0.68 | TATACOMM | Tata Communications | PairCorr |
| 0.67 | ARMANFIN | Arman Financial Services | PairCorr |
Moving against Adani Stock
| 0.61 | ABBOTINDIA | Abbott India Limited | PairCorr |
| 0.51 | PAGEIND | Page Industries | PairCorr |
| 0.51 | RICOAUTO | Rico Auto Industries | PairCorr |
| 0.45 | BOSCHLTD | Bosch Limited | PairCorr |
Related Correlations Analysis
| 0.87 | -0.65 | 0.77 | 0.72 | 0.65 | 0.56 | DBOL | ||
| 0.87 | -0.6 | 0.87 | 0.56 | 0.63 | 0.52 | FAIRCHEMOR | ||
| -0.65 | -0.6 | -0.49 | -0.75 | -0.69 | -0.72 | AXISILVER | ||
| 0.77 | 0.87 | -0.49 | 0.44 | 0.51 | 0.45 | MEDIORG | ||
| 0.72 | 0.56 | -0.75 | 0.44 | 0.8 | 0.65 | JUBLFOOD | ||
| 0.65 | 0.63 | -0.69 | 0.51 | 0.8 | 0.73 | FINEORG | ||
| 0.56 | 0.52 | -0.72 | 0.45 | 0.65 | 0.73 | LTFOODS | ||
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
|
Risk-Adjusted Indicators
There is a big difference between Adani Stock performing well and Adani Power 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 Adani Power'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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| DBOL | 1.33 | (0.20) | 0.00 | 52.94 | 0.00 | 3.49 | 7.72 | |||
| FAIRCHEMOR | 1.08 | (0.15) | 0.00 | 0.25 | 0.00 | 1.95 | 13.18 | |||
| AXISILVER | 2.05 | 0.53 | 0.16 | 0.78 | 2.57 | 5.62 | 16.00 | |||
| MEDIORG | 2.93 | (0.39) | 0.00 | 1.71 | 0.00 | 4.91 | 10.03 | |||
| JUBLFOOD | 1.08 | (0.09) | 0.00 | 0.36 | 0.00 | 2.05 | 9.26 | |||
| FINEORG | 0.99 | (0.11) | 0.00 | 0.67 | 0.00 | 2.25 | 5.16 | |||
| LTFOODS | 1.29 | (0.10) | 0.00 | 0.59 | 0.00 | 2.22 | 8.88 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Adani Power 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?
Run Alpha Finder Now
Alpha FinderUse alpha and beta coefficients to find investment opportunities after accounting for the risk |
| All Next | Launch Module |
Adani Power Corporate Management
Elected by the shareholders, the Adani Power's board of directors comprises two types of representatives: Adani Power inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Adani. The board's role is to monitor Adani Power's management team and ensure that shareholders' interests are well served. Adani Power'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, Adani Power's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Om Kalia | VP Engineering | Profile | |
| Dilip Jha | Chief Officer | Profile | |
| Om Bhardwaj | Head VP | Profile | |
| Gautambhai BCom | Founder Chairman | Profile | |
| Bhagwan Kodwani | Chief Officer | Profile | |
| Amitabh Mishra | Chief Officer | Profile |